This is a business that publishes an annual handbook that is used primarily by legal professionals. It is a valuable reference guide – information changes each year. This business was established about 35 years ago – the current owner has owned it for 27 years. The business sells about 900 books – there are about 14,000 attorneys in the state. The cost of the handbook is $60.00 with the binder and $51.00 without the binder. The last increase was 15 years ago. The Owner spends minimal time working the business from late October thru mid-March and basically nothing the balance of the year. He has not done any marketing to increase sales for about 15 years. The Owner indicates that when he did market the book, he was successful, and sales increased. His main responsibilities are shipping, billing and some review of updated data for the handbook. It is completely computerized. The editing begins in late October; editing and proofing is completed by late January; printed in February; and shipped in March (takes 3-4 days). The business has used the same printer for 27 years.
Publishing – Reference Handbook – Work from Home – Part-time!
The asking price is $60,000.00. All inventory is included.
Reason For Sale:
Gross sales in 2018 were $47,956; 2017 were $48,929 and 2016 were $56,004.
Cash flow is about $20,000.00 per year.
The business operates out of the Owner’s home and requires minimal space. It is not location dependent and can be located anywhere.
The business has no employees. The Owner pays an editor and a person who handles the master file on the book. The cost is about $10,000 per year for both.