Magazine Business Looking To Raise Funds In Sri Lanka
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About Business
The owner is running a magazine printing business founded in 2019 in Sri Lanka, and it has steadily grown to become a prominent publication. Over time, it has expanded to print and distribute a monthly magazine to a diverse clientele, including business professionals, young entrepreneurs, and general audiences. The magazine is available both in print and digital formats. Based in Sri Lanka, the magazine covers a wide range of topics, including education, events, economy, business, art, and local as well as global news, keeping its readers informed about the latest happenings both on the island and around the world.
Clientele type
The business caters to a high-end clientele, primarily seeking in-depth business news, innovation updates, and investment insights. Additionally, the magazine attracts a broad general audience, both for its print and digital editions. The readership spans young and middle-aged adults from across Sri Lanka, who subscribe to the magazine and purchase issues. The magazine also serves as a valuable platform for advertising, attracting businesses looking to reach a diverse, engaged audience.
Premises
LEASED
Lease per month (in INR): 12.57 K
Security Deposit (in INR): 83.79 K
Carpet Area: 500 sq ft
The business is currently operated from the founder's residence, which is rented under an agreement with a monthly rent of UDS 150. A security deposit of USD 1000 has been paid as part of the rental arrangement.
Asking Price Includes
The terms of the transaction will be discussed with the potential investors.
Asking Price
INR 12.57 L
Minimum ticket size
INR 3.77 L
Reason
The owner is looking to raise funds to establish a physical location for the business, creating a dedicated space for the magazine readers.
More Details
The team consists of three members: the founder and two part-time staff members. The team is responsible for distributing the print magazine to retail outlets, shops, supermarkets, and bookstores, ensuring it reaches a wide audience across various locations.
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