Listing ID: 77349
Established in 2011 in Historic Folsom, this natural light photography business specializes in family, maternity, newborn, senior, business headshots, engagement and wedding photography. They have a highly stylized way of capturing keepsakes and stamp their creative flair on their photos. With a large client database of nearly 7,000 and a high return rate, they are a well established business that also holds a permit to photograph in the nearby state park. The company is sought after by many of the businesses in the area including the city of Folsom and the chamber for their business headshots.
The company is an experienced and expressive photography business based in a desired area to photograph their clients. Their photos are documentary and journalistic in an artistic way. Their style can be described as editorial and engaging. They let the day unfold and capture authentic candids and heartfelt moments along the way. They have taught and guided many new photographers over the years and are more than willing to do the same for the new owners. If you have a passion for photography and a dream of owning a turnkey business, this is your opportunity.
UPDATE: Owner is willing to stay on and train a new owner for an extended time period. The business is fully turn-key and just needs a motivated manager/owner.
- Asking Price: $124,999
- Cash Flow: $60,000
- Gross Revenue: $150,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell companies. Nevertheless, the real reason vs the one they tell you might be 2 absolutely different things. For instance, they may state "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these might just be reasons to attempt to hide the reality of changing demographics, increased competition, current reduction in incomes, or a variety of various other reasons. This is why it is extremely essential that you not depend completely on a seller's word, yet instead, utilize the vendor's answer combined with your general due diligence. This will repaint a much more reasonable image of the business's current scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Numerous companies borrow money in order to cover items such as inventory, payroll, accounts payable, and so on. Bear in mind that in some cases this can suggest that revenue margins are too thin. Lots of businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that should be met or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area attract brand-new consumers? Most times, operating businesses have repeat consumers, which create the core of their everyday earnings. Specific variables such as new competitors growing up around the area, roadway building and construction, and staff turn over can impact repeat clients and negatively impact future incomes. One important point to consider is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Clearly, the more individuals that see the business often, the better the chance to develop a returning consumer base. A last idea is the general location demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? How might the neighborhood average family earnings impact future revenue prospects?