Listing ID: 75084
Great opportunity to step into photography world. This business was established since 2009 and has been operating for 12 years. This business has been serving different markets like photographers, videographers, fashion designers, photography teachers and many more. This business comes with all well-maintained equipment like Cyclorama walls that are built perfectly and existing props will also stay. Seller will provide training to new owner for seamless transition. This asset cell business is for anyone looking to expand their current photography company.
- Asking Price: $40,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2009
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,552
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Well maintained equipment and the space is quite large that has a soundproofed room with multiple different green screen. Total building size is 2557.44 square feet.
Seller is willing to train new owner for 4 weeks to achieve proper and smooth transition.
Business needs a full-time owner.
Business is in a Central Location. Has a large garage door and space is quite large, big enough for music videos and interviews. They had the opportunity to have Michael Phelps in for an interview.
Growth is very much doable. It just needs someone to operate it full time.
The venture was established in 2009, making the business 13 years old.
The business has 2 employees and resides in a building with disclosed square footage of 3,552 sq ft.
The real estate is leased by the company for $2,557.44 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell businesses. Nonetheless, the real reason and the one they say to you might be 2 entirely different things. For instance, they might say "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might just be justifications to try to conceal the reality of transforming demographics, increased competitors, recent reduction in incomes, or an array of various other reasons. This is why it is very crucial that you not count absolutely on a seller's word, however rather, utilize the vendor's answer in conjunction with your overall due diligence. This will paint a more reasonable picture of the business's current scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Many companies borrow money so as to cover points like stock, payroll, accounts payable, etc. Bear in mind that occasionally this can indicate that revenue margins are too tight. Numerous companies come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that should be fulfilled or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area attract new clients? Most times, businesses have repeat consumers, which form the core of their everyday earnings. Particular elements such as brand-new competitors sprouting up around the location, road building, and employee turnover can impact repeat customers and adversely influence future profits. One important point to consider is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business on a regular basis, the better the possibility to develop a returning consumer base. A last thought is the general area demographics. Is the business located in a densely populated city, or is it located on the outside border of town? Just how might the neighborhood typical house earnings impact future revenue prospects?