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Asking Price : $1,300,000

Annual Gross Revenue : $715,452

Annual Net Profit : $372,948

Profit Multiple : x3.49

Inventory Value: -

R-Index : 111

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From the Broker

Update 1/8/19: The business reported a strong Q4, with 2018 adjusted EBITDA of $350 thousand.

The business, which includes this website and four additional stand-alone sites, helps writers, poets and photographers generate awareness. Averaging just under $20,000 monthly profit the sites are all contest based - with aspiring creatives pitching to win praise and plaudits from a trusted network of judges. The business aims to nurture and celebrate top talent through recognition and a professional pathway.

This is a full trade sale encompassing the parent LLC and includes all five sites and the associated assets. I, as the seller, have had entrepreneurial success bootstrapping and building a business with a trade sale to Thomson Reuters.

There's huge growth potential and this business would suit savvy business owners or corporates with a passion for publishing, journalism, or the creative arts.

Business Model

90% of revenue is generated via contest pay per entry for each competition, 8% is from online workshops, and 2% form book sales. No revenue is derived from advertising.

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Listed By

Sale Pending: No

First Seen: Thu, Nov 8th 2018

Last Updated: Thu, Apr 11th 2019

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