MergerPlace

The Photography Studio

Florida


  • Asking Price: $399,000
  • Gross Income: $533,301
  • Cash Flow: $159,716
  • Real Estate: Not Disclosed
  • Inventory: $2,000
  • FF&E: $31,642
  • Listing ID: #220746
  • Established: 1999
  • Employees: 3 FT

Business Description

For a photographer - Own a top-rated photography studio. The company enjoys a reliable flow of business as the official contracted photography studio for numerous high schools, including several prestigious private schools. All school photos are done on an appointment basis in the studio, not on location. The studio features theater-quality lighting and several vignettes/settings. Working at the studio provides efficient control of time, with all the proper equipment in place. This also results in a better photo for the student and happy parents.


Business Details

Primary Business Category: Services - Other Services
Location: Florida

Company Information

Year Established: 1999
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 3 FT

Financial Information

Asking Price: $399,000
Gross Revenue: $533,301
Cash Flow: $159,716
FF&E: $31,642
Inventory: $2,000
Seller Financing Available: No

Property Information

Facilities:

Located in it's own building, which has been completely remodeled to serve as a professional studio. This controlled setting provides a great experience for students and parents on a consistent basis. Outfitted with professional lighting complete with booms and scaffold bars. Several vignettes/settings with a variety of backdrops and props. And space dedicated to production, complete with computer systems and a wide variety of product packages, frames and displays.

Growth & expansion opportunities:

The business has an excellent reputation within the local market, working with many of the top schools. This reputation is confirmed by the high customer ratings and reviews online. Leveraging that reputation, each additional school contract represents hundreds of additional customers. In addition to school photography, the relationship with thousands of families could be expanded into more holiday and family portraits. Plus the other areas of photography such as weddings, business photos, etc.

Competition:

There is a fair amount of competition in this market. This business thrives due to a reputation for providing an enjoyable experience and a quality product. Despite everyone carrying a camera on their phone daily, professional school photos for every student, especially seniors, continue to be the norm. Having a theater-quality studio establishes this operation as more professional than just a photographer who sets up at the school, herding students through for a quick picture.

Reason for selling:

Owner to disclose.

Support & Training:

Will train for 1 week @ no cost Some of the staff are qualified to do photography, but the owner does most of the actual shots. New owner should have a passion for photography and some experience. The owner must also be people oriented to maintain the accounts, work with the students and parents. Should be detail oriented.

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Business Listed By:

Mark Purtee

Murphy Business Brokers