Semi-Absentee Run Television Cooking Network - SC2143

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Listed by Business Broker

Asking price $1,550,000

Cash Flow: $200,000

Gross Revenue: $275,000

EBIT DA: No Data

FF&E: $400,000

Inventory: No Data

Established: 2020

Type: Independent

Business listed by:
Brett Sargent
Sunbelt Business Brokerage of Sacramento
(916)8002090

Business Description:

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.

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.

Seller Financing Description

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.

Support & Training

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.

Detailed information

Year Established: 2020
Home-Based: No
Franchise: No
Relocatable: Yes
Required Licenses:
Is Property Leased: Yes
Real Estate Included: No
Real Estate Available: N/A
Real Estate Value: N/A
Independent Contractors: 10
Full-time Employees: N/A
Building Size: 2000 sq ft
Monthly Rent: $2,576

Broker: ProEquity Asset Management Corporation License ID: 01870526

Selling Reason:

The reason for selling is the Seller would like to pursue other interests.

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