Back to Listings Portfolio of Online Publishing Platforms for Writers

Asking Price : $1,650,000

Annual Gross Revenue : $782,956

Annual Net Profit : $412,236

Profit Multiple : x4.00

Inventory Value: N/A

R-Index : 100

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From the Broker

Founded for the purpose of creating a community and platform for emerging and established writers, this portfolio includes a group of websites that are online publications. Each website runs several literary contests/awards per year offering writers an opportunity for prestige and publication which are critical for a career path in writing. The majority of revenues are generated through the contest and awards fee submissions.

The websites are uniquely positioned in the market as non-university operated platforms with a business model that is easily transferable to a legion of other professions in the arts. The owner spends only about 7-10 hrs per week operating the business with all the content creation, editing, design work outsourced. This is a home-based business which can be easily relocated and operated from any location with internet access.

Despite the audience, the current owner does not have a deep history of literature, writing, poetry, photography, or prose. With an observational eye in the areas where the business is presently thriving and on the avenues through which one can expand, any business savvy individual can continue to grow the business. This is a remarkable prospect for a new owner to walk into a unique turnkey operation, enjoy the goodwill that has been built as well as established growth trend and capitalize on the industry recognition already in place.

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Sale Pending: No

First Seen: Fri, Aug 16th 2019

Last Updated: Thu, Aug 22nd 2019


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