Cayman Islands Business For Sale
Highly profitable • Fully turnkey • Est. 1998
Activity Guide Magazine has been the most highly read and widely distributed monthly visitor guide in the Cayman Islands for over a decade. Using a unique and comprehensive format incorporating every bit of information a visitor could possibly need, Activity Guide is read by over 90% of our visitors and most of the locals. No other publication comes close to our print quality, distribution, photography, information, effectiveness and credibility.
Employing unique marketing strategies, we carefully select only the most highly regarded establishments in the Cayman Islands and promote and endorse them exclusively. Being selective has gained us the trusted reputation of our readers and members; as well as the highest regard among the community. The result is a current customer base of over 80 satisfied clients, most having been with us for 10 years.
Cayman Activity Guide Online is the most popular website among visitors seeking information about the Cayman Islands. Our main site averages over 10 million hits per month. We are a 6-rank site by Google and Yahoo, appearing on the very first page - often more than once, using Cayman + [insert any word a visitor may use]. Try it and see! Our forums have hundreds of thousands of members with an average of 500 online at any given time; all seeking our advice for where to stay, shop, dive, dine, etc. when they arrive. This gives us the opportunity to promote our clients to the exclusion of their competition, providing an enormous edge on any of our competitors. No one else is doing anything like this in the Cayman Islands; and even if someone tried, they would never approach our level of popularity or technology. We are streaming live videos, current weather information, webcams, photography, reviews, trip reports and everything a visitor could possibly need, all in the most technologically advanced format available to date.
Current net profits average $200,000/yr. Specific financial data will be provided to principles. If you have at least average computer skills, you can learn to do the layout for both magazine and web publication. By doing so, your net profits will be much higher than if you employ a third party. As part of the agreement, seller is willing to stay on for up to one year at an agreed salary and train the buyer. Buyer's computer abilities would determime requisite level of training. We print the magazine at one of the largest printers in Miami and the entire process can be conducted online. Printing costs average $10,000/month. Distribution costs are $1600/month. Company registration and legal fees run about $2,000/year. Everything else is profit. There are no maintenance costs, no payroll, no employee benefits or medical, no taxes, no business, acquisition or gains taxes, etc. In the Cayman Islands, everything is tax free and this company operates extremely efficiently, leaving virtually no overhead. Because of these tax exemptions and the fixed currency exchange rate, earning 1/4 million Cayman dollars in the Cayman Islands is comparable to 1/2 million US dollars in the US.
The Cayman Islands are one of the most modern and upscale islands in the Caribbean, comparable to the Florida Keys, minus the crime and congestion. The weather is beautiful year round; the people are extremely friendly and the ocean provides some of the clearest water on the planet. The owner moved here in 1995 and built this business from scratch. All of the photography (including underwater), editorial, research, maps, web design, videos, and much more were over a decade in the making. Witl all of the initial startup investment, sweat equity and development of credibility long established, current income levels can be maintained by simply making minor changes and billing. To maintain the current profit level requires less than 10 hours of work per week and most can be done at any time of day or night. Of course, someone with greater ambitions could put in more hours or hire sales staff to substantially increase profits. The owner has found a comfortable level of profit requiring a minimal amount of work; a slightly more ambitious and motivated person could easily generate substantially greater profits.
The buyer is paying for full ownership of and exclusive rights to publish Activity Guide Magazine and Activity Guide Online; full copyright ownership; a no compete agreement; over 80 loyal dedicated clients—most of which being customers for over a decade; 10+ years of work in creating the most comprehensive and popular magazine and website in the Cayman Islands.
Asking price for the magazine and website is: US$1,000,000.00 (One million United States Dollars), which was recently reduced from $1.25MM.
Compared to a comparable real estate investment, Activity Guide can easily return your entire investment in 2-4 years; vs. the 10+ years you may achieve with property investments.
The magazine and website are being offered together - no offers for either of them separately will be considered.
Interested parties with a minimum of US$1MM in cash are encouraged to respond. The owner is not interested in trades, creative financing; or other schemes that essentially repay the owner with his own money generated by the company.
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