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Seeking Capital for Opportunity to become International Wire Service
Posted by: michael yelman on 10/8/2009 11:07:18 PM
Funding Needed:
Above $1mil 		Category:
Media / Communication & Networking 		Website :
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Location :
USA 		Viewed : 699 times
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Description:
17 year old premier sports and entertainment photography wire service has been offered the opportunity to purchase an established successful international company, considered to be one of the leaders in the field of wire service. The combination of the 2 companies will form one mega company that will rival and eventually surpass a long standing, iconic, company that for years has been considered the "elite place to go" as well as revenue leading organization in the field. This iconic company is now suffering financial woes, and its lock of the number one spot is shaky at best. No other company seeks to, or is able to fill the hole created by this one time monster company.

The approx revenues for the selling company is $3M annually. The starting asking price (which is definitely negotiable) is $2.75. This business is not for sale to anyone besides myself, and is only being offered due to a long time personal relationship between it's ownership and myself. Every aspect of the seller's business is open and verifiable. Marketing, sales, and various customer services are all in house.

Our company's current management, which is composed of two key people, has vast experience in the production and sale of photographs to both editorial and commercial customers.

Our company's operations reinforce the competitive advantages that create revenue. Our cost structure is and will be lean and rational, to set a low break even point and to avoid cash flow difficulties. Furthermore, the extensive experience of our principals in this industry will ensure smooth and efficient operations, enabling a high level of customer satisfaction.

The company is portable.

THIS OPPORTUNITY HAS A LIMITED SHELF LIFE DUE TO THE SELLER'S REQUEST. A POTENTIAL INVESTOR SHOULD BE READY TO MOVE QUICKLY, ONCE ALL INFO AND RESEARCH IS DONE. THE COMPANY IS LOCATED IN NEW YORK CITY. I AM CURRENTLY IN WESTERN FLORIDA, BUT AM WILLING TO TRAVEL ANYWHERE, ANYTIME TO DISCUSS AND MAKE A FULL PRESENTATION.

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