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.
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.
Sale Pending: No
First Seen: Thu, Nov 8th 2018
Last Updated: Tue, Jan 22nd 2019