MediaFund Ltd have been exclusively mandated to find a suitable home for a prestigious and profitable heritage magazine business serving the art world.
MediaFund Ltd have been exclusively mandated to find a suitable home for a prestigious heritage magazine business serving the art world as the owner, who founded the business in 1983, wishes to reduce their time involvement in running the company.
They are looking to find a qualified buyer who will develop the brand, build on the business and enlarge the number of faithful clientele.
Latest financial reports showed revenues of c.£200,000 with a 10 percent net profit. These revenues are funded by display advertising, listings, reader subscriptions and some contract publishing.
A new owner may be able to take advantage of the plans and opportunities that have been formulated and observed by the present owner. These include updating the business' online presence, expanding social media reach and sales activity to advertisers, as well as exploring ways to monetise the proprietary data held in the 35 year archive of published issues of the magazine.
This business could appeal to an established publisher or an individual with interest in the sector, and the owners would be pleased to remain in post for a time to ensure a smooth handover to a new owner.