$3.0K Per Month Digital Product Site in the Culinary Niche
Asking 3.2x annual profit. Comparable Other businesses sell around 2.6x (2 to 3.3x, 172 comps). Priced 25% above the median.
- Monthly revenue
- $3,015
- Monthly expenses
- $761
- Monthly net profit
- $2,255
- Profit margin
- +75%
- Monetization
- Digital Product
- Niche
- Culinary
- Hours / week
- 2
- Days on market
- 96
Summary
A product-based business in the culinary niche that was created in January 2012. The business sells a variety of recipes in Android and iTunes with a bi-monthly magazine that readers subscribe download onto their tablets. The seller currently spends on average 2 hours per week gathering content and working on the cover design for the magazine. The cover design could be outsourced, but currently, the seller designs all covers. There is also recipes that are added every week through an automated process, with the majority of articles being outsourced on writing services such as iWriter. There is currently a few contractors working for the business off and on with one main VA that is paid $6 per hour that handles all customer support emails. The VA also will do outreach to various chefs to get permission to curate their content, compiles all the content into the magazine and posts on social media. This VA is working 5-10 hours per week. In addition to this VA, there are also several writers, nutritionists, and editors used periodically on the website and magazine for content. If the buyer wished to create their own dedicated team, the seller has training materials that outline: Workflows Training videos Templates This business also comes with an active social media following, with Facebook & Instagram being large drivers of traffic for the business. The social media presence is as follows: Facebook 12,000 likes Instagram 13,800 followers Pinterest 1,169 followers Twitter 690 followers (this channel is currently not utilized) There is also an email list with 3,730 subscribers currently. This email list is divided into two lists based off two different lead magnets. This business includes an affiliate program that was recently launched. Right now only a few chefs have been reached out to sign up as affiliates, but all the chefs have driven sales. This could be a good potential driver of sales for the new owner if explored, along with a few other revenue potentials by adding: Ads - The magazine currently has no ads Using old content to be recycled into ebooks that are sold to the audience Coaching sessions - buyer can reach out to nutritionists to work out a partnership
Reason for sale
The seller and partner are starting a new adventure with a hobby farm. They feel like someone with a different skill set could maximize the potential of this business.
Traffic, trend, size, and valuation figures here are estimates, not verified by the seller. Always do your own diligence before reaching out or making an offer.