MergerPlace

Photography Studio

Texas (Harris)


  • Asking Price: $315,000
  • Gross Income: $421,084
  • Cash Flow: $124,597
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $132,561
  • Listing ID: #201950
  • Established: 1976
  • Employees: 3 FT/1 PT

Business Description

Houston's premiere photography studio is available for purchase by a discerning photographer who wishes to step to the next level. The Seller will assist with transitioning existing clientele as well as training on the successful photography and marketing skills honed over the last 40 years.


Business Details

Primary Business Category: Services - Other Services
Location: Texas
County: Harris

Company Information

Year Established: 1976
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 3 FT/1 PT

Financial Information

Asking Price: $315,000
Gross Revenue: $421,084
Cash Flow: $124,597
FF&E: $132,561
Seller Financing Available: Yes

Property Information

Facilities:

The studio is located in the central Houston metropolitan area, conveniently close to the Galleria, Downtown, West University, Rice University, Medical Center, River Oaks, Mid Town, the Heights and Upper Kirby areas. It is currently in a 6,900 square foot facility owned by the Seller that is available for separate purchase ($1.7 million), or via lease from the owner ($10,000 per month). The studio only requires about 3,000 square feet of space to house the current sets, production rooms, staff and show spaces, so an existing studio or new location could be another option for a buyer wishing to reduce expense. A portion of the space may be leased back to the Seller or 3rd parties to offset rent expense.

Growth & expansion opportunities:

There are several opportunities for growth for this business. Revenues could be increased by the addition of wedding photography services, which would drive event income but also expand the client base for future photography sessions. Emphasis could also be placed on promoting senior class photos and related school photos. Revenues can also grow through expanded services offered to corporate clients, both for business and advertising use, as well as personal photography needs for those clients.

Competition:

While there are several photographers in the Houston area, very few have the local and national recognition of this studio. The buyer of this business will be acquiring a known brand and able to leverage that for ongoing marketing and sales.

Reason for selling:

The seller is ready to retire after several decades of owning and operating this photography business.

Support & Training:

Will train for 4 weeks @ no cost. No licenses are required, though the ideal buyer will have skills with photography and belong to industry associations that encourage networking and development of skills. The ideal buyer will also be strong with marketing and sales, able to promote their skills and help clients understand the importance of photography.

Contact Business Seller

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Business Listed By:

Michael Holloman

Murphy Business Brokers