Thriving Business, Right Time Right Price for New Buyer, Seller Partially Absentee
The owner of this thriving high volume photography business profiled below is seeking a successful exit via a sale or merger.
The seller must move out of state for family reasons.
This is an excellent business for any photographer who wants to generate $100,000+ annually in pre-tax profits while practicing their art form and not have to work overtime in order to enjoy the profits.
Or, if you own your own photography based business and want to expand through acquisition, this is worthy of review.
It is also a smart financial investment for an owner who has a qualified photography and business development savvy manager who can oversee and operate the business.
For $40-$50K of cash equity, a Buyer can*:
- Acquire this 50+ year old thriving portrait studio and photo printing lab
- Pay yourself or a manager $40K annually for a 3/4 time work commitment
- Service bank debt and/or rent
- Have ~$10K cash annually remaining from pre-tax profits
- Generate 22% annual ROI on your cash investment
- *SBA backed financing, with Seller financing 25% of the purchase price
This Midwestern business, founded in the 1970's, is an institution in the numerous regional counties it serves. Generations of customers return to this admired studio for their photography and portrait needs. The brand, service levels and reputation has been superbly maintained by the current owner who is partially absentee.
The successful business provides photography for all occasions, especially event photography. While in-studio portrait photography is the foundation, the business manages dozens of accounts for school pictures, high school events, sports teams, dance studios and more. The business realizes even higher margins by operating its own printing lab equipment.
Seller has a great team that converts these high volume contracts into high profits. The business has not missed a beat during covid, and continues to have social distancing sessions in the studio and on-site photo shoots for all ages and all cultural backgrounds.
The seller is often travelling with family out of town and has a great team managing the day to day at the studio.
The seller has built a very good business built to sell and remain profitable for a new owner so the seller may spend more time out of state with family. The seller is negotiable on terms, especially for someone who does not need a lot of training.