SEMI-ABSENTEE RUN TELEVISION COOKING NETWORK - SC2143
Communications Businesses for Sale / Video Businesses for Sale
- Primary Category: TV Stations for Sale
- Secondary Category: Video Production Businesses for Sale
This New York based Television Cooking Network is a New York Sole Proprietorship and was formed 3 years ago and has been under the same ownership since inception. Reaching almost 80 million Households, the network can be found using Roku, Amazon Fire, Google and YouTube and draws over 7 million unique web users monthly. It is your one stop shop for everything food. Their live 24-hour news feed will keep you updated with all food news all around the world. You can get cutting-edge real-time information on the latest food outbreaks, mergers, fun places to eat and celebrity chefs. Since launching in 2019, the network is the epicenter for everything food and connects their chefs directly with consumers. They are one of the largest networks centered around food and the premiere broadcast for showing “Real cooking shows with real chefs.” This network ties it all together: education, food, celebrity chefs, 24-hour news, entertainment and fun!
This business has revenue streams from paid production by chefs, which is extremely streamlined and cost effective. The production is filmed on site at chefs’ locations or at the facility in New York that is a kitchen studio that has 4 kitchen sets to choose from. Another revenue stream is renting out the kitchen facility on Fridays, Saturdays, and Sundays when they are not filming. Additional revenue can be driven by implementing a media package that has already been designed, allowing different food brands and merchandise brands to advertise on the network. Additional revenue can be driven by setting up a “QVC” revenue stream for products that guest chefs would like to sell.
Financial Information
- $1,500,000 Asking Price
- $300,000 Cash Flow
- $450,000 Gross Revenue
- $900,000 Down Payment
- Yes Financing
Business Location
- City: New York
- State: New York
Financing Comments
- The Seller is willing to carry a promissory note up to 40% of the purchase price of the business. The term would be 5 years at 7% interest. The amount financed would depend on the offered purchase price and the quality of the Buyer.
Reason for Sale
- The reason for selling is Seller would like to pursue other interests.
Detailed information
- Year Established: 2020
- Home Based: No
- Franchise: No
- Relocatable: Yes
- Lender Prequalified: No
- SBA Prequalified: No
- Part-Time Employees: N/A
- Contractors: 10
- Owner Worked Hours/w: 25
- Adjusted EBITDA: $300,000
- Inventory Included: No
- Monthly Rent: $2,576
- Real Estate Available: No
- Real Estate Included: No
- Real Estate Value: N/A
- Building Size: 2000
- FF&E Included?: Yes
- FF&E Value: $400,000
Training/Support
- The Seller is willing to provide training for 2 weeks at 20 hours per week. Additional training may be available at mutually agreed upon terms between the Buyer and the Seller.
Facilities
- The business operates out of a kitchen studio with 4 kitchen sets that has a monthly rent of $2576 per month. There is over 2,000 square feet of shooting space, assorted props, and backgrounds at client’s disposal.
Market Outlook/Competition
- 80% of Americans feel confident in their cooking skills, with 30% claiming “very confident.” This statistic is significant in the context of a blog post about Cooking Show Statistics because it demonstrates the widespread interest in cooking among Americans. It shows that a large majority of people have a certain level of confidence in their cooking abilities, with a significant portion of them feeling very confident. This indicates that cooking shows are likely to be popular among viewers.
Business Listed by
Brett Sargent
Sunbelt of SacramentoContact Business Broker
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