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Small News Agency for Sale in Masr Al Jadidah, Egypt

For Sale: Experienced sports news website with 9 million users & 137 million annual pageviews.

Established 20-30 year(s)
Employees 10 - 50
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 20 - 30 thousand
Run Rate Sales USD 37 thousand
EBITDA Margin Nil
Industries News Agencies
Locations  Masr Al Jadidah
Local Time 3:30 AM Africa / Cairo
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Full Sale
Asking Price: USD 1.5 million (Native Currency: EGP 46,275,000)
Reason: We’ve been in the business for 21 years and we believe a bigger investor is the right step to take i... View More
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Business Overview

- Daily news coverage of Egyptian and international sports.

- One of the top sports websites in Egypt and the Middle East with nearly 9 million unique users and 137 million pageviews annually.

- The largest digital portal for sports clubs.

- We generate revenue through direct and indirect ads. Direct sales involve deals directly made with clients, while indirect sales occur through intermediaries booking ad spaces on our portal and others, serving campaigns from their clients.

- Economic challenges in Egypt, including a significant drop in the value of the Egyptian pound, have made it difficult for advertisers to run campaigns due to budget cuts, due to which we are operating at break-even at the moment.

- Owners boast extensive experience in the field.

- Potential to expand into own eCommerce vertical soon and this would mean we would need the current employee count to manage the operations.

Products & Services Overview

- Daily news coverage of Egyptian and international sports.

- Catering to the Middle eastern audience.

Assets Overview

The business does not own significant physical assets apart from laptops and computers.

Facilities Overview

Currently we are working form home, with a virtual office setup.

Capitalization Overview

4 shareholders with a 30-30-30-10 split.

No loans or debts for the business.

Self- funded operations.

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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