SDE Consistently $180K+ Annually

Seller/Owner Partially Absenteephoto studio iStock 488519584

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!

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.

 Asking Price:   $550,000
2019 Sales:   $450,000
2019 Seller Discretionary Earnings (SDE): $180,000
Inventory:  $10,000 
FF&E:  $60,000 
Property Not Incl in Asking Price:  $200,000 

 

Growth Opportunty:

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. 

Direct link to the NDA, here.