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 $180,000 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-$60K of cash equity, a Buyer can*:
- Acquire this 50+ year old thriving portrait studio and photo printing lab
- Pay yourself or a manager $50K annually for a 3/4 time work commitment
- Service bank debt and/or rent
- Have ~$50K cash annually remaining from pre-tax profits
- Generate 80-100% 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.
Facilities: 7,500 sf building with multiple studios, dressing rooms and high ceilings suitable for changing out backgrounds and props for various themed customer types including dance, sports, boudoir, corporate, and more.
Printing and framing area along with private office, and full kitchen area, lots of storage. Attached small garage with overhead door. Storefront is prominent in the small midwestern town where this is located.
Equipment: The business includes state of the art and up to date photography equipment, cameras, lenses, lighting, backdrops, massive props collection, software and desktop publishing equipment, full printing lab and inventory.
Staff: The business employs 2 part-time administrative staff, and six to eight part-time free-lance photographers.
Competition: Corporate portrait studios try to take market share with regards to this business' extensive long-term repeat scholastic & athletic customers. New owner will be able to maintain and grow the scholastic business with moderately more effort than owner is currently generating.
|2019 Seller Discretionary Earnings (SDE):||$180,000|
|Property Not Incl in Asking Price:||$200,000|
Support & Training:
- Seller will train new owner as required and is willing to continue working for new owner on part-time basis including business development and bookings.
Reason for Selling:
- Moving to take care of family.
This business consistently generates $180K+ in owner discretionary earnings each year while the owner is able to travel more months at a time periodically throughout the year. There are additional very profitable aspects of this business that can be shared with qualified buyers who sign the Non-Disclosure Agreement below. Seller willing to finance up to 25% of the purchase price with with qualified Buyer.
Call Chris or Todd at (563) 424-5707 to learn more.
Direct link to the NDA, here, or sign below.
Qualified buyers who sign the NDA will receive:
- Business location, website and historical background
- Reason for selling
- Historical financial performance and tax returns
- Equipment list and photos
- Acquisition, debt service and ROI calculations
- Building details, interior photographic walk-through of lobby, filming studios, production, printing shop, extensive props, customer records, office and storage
- Customer profiles