MergerPlace

52 Years of Success-Photography Business

Pennsylvania


  • Asking Price: $299,500
  • Gross Income: $234,924
  • Cash Flow: $129,867
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $30,000
  • Listing ID: #199659
  • Established: 1965
  • Employees: 1 FT

Business Description

This business has an extraordinary reputation and has been a leader in Central Pennsylvania as the premier wedding photographer and videographer for 50 plus years. The owner has an entire team of people that are very professional and experienced in their field. In addition to weddings, they do photographs for special events and occasions. They are a very high volume wedding photographer and it is very common for them to have multiple weddings they are photographing on the same day. The owner is extremely talented regarding photography but also equally talented in advertising, promotion, and marketing the business. He is very willing to spend ample time training the new owner and would even be willing to shoot a wedding or two if needed. The owner definitely wants to see the business continue and be successful for another 50 plus years. This is an award winning business and is the perfect opportunity for the new owner to become an icon in wedding photography just like the current owner.


Business Details

Primary Business Category: Amusements, Entertainment, Other
Location: Pennsylvania

Company Information

Year Established: 1965
Home Based: Yes
Franchise: No
Relocatable: Yes
Number of Employees: 1 FT

Financial Information

Asking Price: $299,500
Gross Revenue: $234,924
Cash Flow: $129,867
FF&E: $30,000
Seller Financing Available: Yes

Property Information

Facilities:

Although the business is currently located in the South Central Pennsylvania region, it would be possible to relocate the business or continue operating out of the existing location. The business is operated in a beautiful self contained business suite attached to the owners gorgeous home. The standard suite is approximately 1200 sq. ft. and there is space for expansion on a lower level that is approximately 600 sq. ft. The layout is phenomenal and the showroom overlooks gorgeous fish ponds, a crossover walking bridge, beautiful grounds and other staged areas for those special photo backdrops. You must actually see it to believe it. The owner is willing to lease the business suite or sell the entire property including the residence.

Growth & expansion opportunities:

If the buyer plans to be a working photographer, income to the owner would increase significantly. The current owner travels extensively throughout the year and uses his manager and other photographers to perform most of the jobs booked. The business currently has about a dozen professional approved photographers that work on a subcontracted basis when needed so the business is positioned to handle an extremely large workload. The new buyer could also grow the business by expanding into other areas of photography such as sports photography (little league sports; cheerleading; etc) as well as school photography (elementary school pictures; senior pictures; proms; etc.) A buyer with renewed energy, enthusiasm, and desire to keep a full schedule of photography themselves could experience a very attractive income.

Competition:

Competition does exist, however with 52 years of experience and the superior reputation of the business, referrals alone generate a significant amount of business. The level of additional business can be controlled by the amount of advertising and marketing the new buyer wants to do.

Reason for selling:

The owner has worked well beyond retirement age and although he still loves working in the business, he has decided to sell because he and his wife travel approximately 6 months out of the year and the business is run by a trusted manager during their travel time.

Support & Training:

Will train for 12 weeks @ no cost. This business primarily provides truly professional wedding photography and portrait services. In addition to photography, they provide videography services.

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Business Listed By:

Jack Greenawalt

Murphy Business Brokers