Very Profitable Photo Lab - Priced to Sell
Location: California, United States
Category: Technology and Internet
Type: Established
Asking Price: $200,000
Cash Flow: $161,095
Revenue: Not Disclosed
Gross Income: $417,293
Inventory: $1,500 - Included in the Asking Price
FF&E $75,450 - Included in the Asking Price
Real Estate: Not Disclosed
This thriving photo business has been popular among photographers, artists, and novice customers for over 20 years at this location. With average discretionary net income exceeding $188,000 over the last 3 years with a part-time working owner, this gem certainly will not last long at this asking price. Located in an upscale community of artists and executives, this photo lab s primary services include digital photo printing, headshots, film development, retouch, and digital archiving of old photos. The business has 2 employees, both of which have been with the company for over 5 years. The owner works approximately 20 hours per week as the business only requires one employee working the shop at a time. This cash cow is ideal for either a photo enthusiast familiar with the industry or a technically savvy, quick-learning entrepreneur seeking a profitable turn-key opportunity. All profits can be substantiated by tax returns.
Facilities:
The business is located in a quaint, high income, shopping community with a lot of foot traffic. The facility is 550 square feet with a monthly lease payment of $3,382. The lease is valid through October 2012, with an option to renew for 5 additional years. All of the assets of the business will transfer, including photo-processing equipment worth over $75,000, and a website designed to process online orders of digital prints. Plenty of parking is available on the street as well as in the adjacent lot with validation.
Financing:
Not offered
Support:
Seller will train for 3 weeks at 30 hours per week.
Competition:
Competition is considered low. There are no other photo shops within the area.
Growth:
Many opportunities for growth exist. A new owner may seek to increase marketing efforts towards the entertainment industry to increase headshot revenues, or to target customers seeking digital archiving, converting prints to digital slides, or transferring movies to DVD s. Additional profits can be realized by an owner working additional hours in place of the employees, should they seek to reduce payroll expenses.
Reason Selling: Personal / Retiring
Number of Employees: 3
Year Established: 1987
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