Listing ID: 82351
Premier photography production company, second to none in its field. This is a well established and highly respected business with a solid base of customers. A sustainable online marketing plan provides excellent positioning for the future! Utilizes unmatched technology-driven back office and training systems and offers customizable services for all project needs and sizes.
A “photography first” approach offers highest quality photography, videography and drone services. Cloud based, technology driven, process management systems.
Virtual home office can be located anywhere with current operations in 4 Midwest cities today.
- Asking Price: $525,000
- Cash Flow: $152,000
- Gross Revenue: $600,000
- EBITDA: N/A
- FF&E: $35,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2009
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:20
- Furniture, Fixtures and Equipment:N/A
Seller is available to train new owner for a negotiable period of time.
Well established company with unmatched technology and photography first approach.
Dedicated and experienced team coupled with high quality photography, editing and technology equipment and systems. All systems/processes managed in the Cloud make this easily expandable to new markets.
The venture was established in 2009, making the business 13 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell companies. However, the true factor vs the one they tell you might be 2 absolutely different things. For instance, they might state "I have a lot of various commitments" or "I am retiring". For many sellers, these factors are valid. But, for some, these may simply be reasons to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in profits, or a range of other factors. This is why it is very important that you not count entirely on a vendor's word, but rather, make use of the seller's response combined with your general due diligence. This will paint a much more practical picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses finance loans so as to cover things such as supplies, payroll, accounts payable, and so on. Keep in mind that occasionally this can suggest that earnings margins are too tight. Numerous companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that need to be satisfied or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location attract brand-new consumers? Most times, companies have repeat consumers, which create the core of their day-to-day profits. Particular variables such as new competition growing up around the area, roadway building, and staff turnover can impact repeat clients as well as adversely influence future incomes. One important thing to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business regularly, the better the opportunity to develop a returning customer base. A final thought is the general location demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? Exactly how might the regional mean house income influence future earnings potential?