Blacks Business Brokers Completes Successful Sale of Cardiff Times
Blacks Business Brokers is pleased to announce the successful sale of Cardiff Times, an established magazine and advertising business based in Cardiff.
Established in 2009, Cardiff Times has developed into a well-known local publication covering news, sport, entertainment, events, lifestyle, recipes, beauty and other topics of interest to readers across the Cardiff area.
Alongside its printed and online magazine content, the business provides advertising opportunities for local companies looking to reach customers within the area. Over many years of trading, Cardiff Times built a strong base of regular customers and advertisers, supported by word-of-mouth recommendations, an established online presence and a strong social media following.
An attractive feature of the business was its flexibility. Cardiff Times was operated by its owner without the need for additional staff and, although established in Cardiff, the business could be operated on a fully relocatable basis.
At the time it was marketed for sale, the latest available accounts showed annual turnover of approximately £81,600 and gross profit of approximately £58,800. The established brand, repeat customer base and opportunity for further growth through additional marketing made the business an appealing proposition for a new owner looking to build upon its existing foundations.
Following the successful completion of the sale, we would like to thank our client for choosing Blacks Business Brokers and wish the new owner every success as they take Cardiff Times into its next chapter.
Thinking of Selling Your Business?
If you are considering selling an established business, Blacks Business Brokers can help. Our experienced team provides confidential business valuations, nationwide marketing and support throughout the sales process, from initial instruction through to completion.
Contact Blacks Business Brokers today to arrange a free, confidential business valuation and find out how we can help you achieve a successful sale.
