Listing ID: 73597
Photographic lab with quick turnaround, a One Stop shop for all your custom and ready-made frames, and photographic printing needs, store located in a High Traffic Center.
Long Established 1931 !! Same Owner Since 2007 !
A truly unique retail business with multiple revenue streams that encompass all things photo! Art reproduction, Custom framing, Digital Printing, film processing, canvas prints, metal prints, fine art printing, cards, and calendars. Gift items including mugs, puzzles, photo glassware and much more.
This business Grosses nearly $500,000 a year (normal years) and has solid cash flow history, 2019 cash flow over $120,000. Even with COVID and shutting down for 6 weeks (In 2020), this business remained steadfast and still grossed over $430,000 with a cash flow over $92,000 for 2020.
This business comes with all equipment and machinery that allow you to create all things photo on-site. New owners have immediate value of an impressive and expansive array of revenue generating equipment. In comparison, it would require an investment of nearly ½ million dollars to acquire new equipment and machinery for a business like this.
Great staff and a longstanding loyal customer following make this business fun. The owner is confident the talented staff will stay on providing great continuity and a smooth transition for the new owners.
A savvy, techy buyer would truly enjoy this retail business. As their taxes show, it is a profitable business running as it is. However, a business minded person who understands today’s internet business model could take this business to the next level.
For the business person, the opportunity can allow you to earn a solid income in a field that you are passionate about, and use your creativity in almost unlimited ways. For those more inclined to spend time behind the camera, this business has many tools, props and studio space at their disposal.
Now that’s what I call the picture of success!
Motivated Seller !! Priced to Sell !!!!
- Asking Price: $99,000
- Cash Flow: $92,917
- Gross Revenue: $432,049
- EBITDA: N/A
- FF&E: N/A
- Inventory: $25,000
- Inventory Included: N/A
- Established: 1931
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,440
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Great location in High Traffic Strip center.
Seller to provide training to ensure a smooth transition to new owner.
The business was established in 1931, making the business 91 years old.
The sale doesn't include inventory valued at $25,000*, which ins't included in the listing price.
The property is leased by the company for $5,922 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell operating businesses. Nevertheless, the true factor and the one they tell you might be 2 completely different things. For instance, they may say "I have way too many various commitments" or "I am retiring". For many sellers, these reasons stand. However, for some, these might simply be excuses to attempt to hide the reality of changing demographics, increased competitors, current reduction in revenues, or a variety of other reasons. This is why it is very important that you not count absolutely on a vendor's word, but rather, make use of the vendor's response in conjunction with your total due diligence. This will repaint a more sensible image of the business's current scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses finance loans so as to cover items like inventory, payroll, accounts payable, etc. Keep in mind that sometimes this can imply that earnings margins are too thin. Many organisations fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that have to be satisfied or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in new customers? Many times, operating businesses have repeat consumers, which create the core of their everyday revenues. Particular variables such as new competition growing up around the area, roadway building, as well as staff turn over can influence repeat consumers as well as adversely influence future earnings. One crucial thing to consider is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the greater the possibility to develop a returning consumer base. A last idea is the general location demographics. Is the business located in a largely populated city, or is it situated on the edge of town? Exactly how might the local typical family earnings influence future earnings prospects?