Services

Photography Studios

Advent Business Sales is pleased to have been instructed to offer to the market this extremely well established photography business with excellent future potential. Founded by the current vendor over 15 years ago, the business is only now being reluctantly offered for sale as he plans his retirement. The shop and studio offers a top quality processing and printing service from conventional film to digital media. They provide wedding and event photography and specialist in the restoration and printing of old images. They have a state of the art electronic studio to capture that special moment. Within the shop they also offer digital imaging, transfer to DVD, CD Rom, tape or video any other image form. They have an extensive range of frames and albums and will also take your passport photo. The business employs 2 full time staff and also has 3 part time employees who each work approximately 20 hours per week and the vendor part time. They achieve an excellent annual turnover of approximately £170, 000 with a gross profit of circa £116,000. We are advised that stock at cost is approximately £13,000. The business sub leases the first floor accommodation, for which it receives £15,000 per annum rental income. The equipment includes: • DL400 Fuji frontier dry lab • 2 off Fuji smart pix kiosks • Epsom Stylus pro 7500 • State of the art electronic studio. REF:8858HP TRADING HOURS Mon – Sat: 9.00am – 5.30pm Sun: closed EXPANSION POTENTIAL While already achieving a very good annual turnover, we believe that the largest cost savings to be made would be by a new purchaser working full time for the business, which would reduce the wages costs considerably. FINANCIAL INFORMATION We have been advised by the vendor of the following: Annual sales: £169,718 Gross Profit: £115,724 Accounts will be made available to interested parties after a viewing has taken place. Please let us know if you require finance for the purchase of a business. BUSINESS PREMISES Ground floor lock up premises which briefly comprises of the following: Ground Floor • 2 separate front entrances into the portraits section and the main retail area. The former has a desk with a computer link to show customers their photographs and 3 comfortable leather chairs. • The latter and much larger area, has wall hung displays of frames, albums and film counter and till to the rear, with lab and kiosks off • 2 touch screen computers for customers to produce their own photo’s, available in different sizes. TENURE: Leasehold Original lease: 10 years Remaining lease: 2.5 years Review every: 5 years Rent: £44,000 PA We are advised that the annual business rates are currently: £9000 VIEWING Please DO NOT approach the business or its employees without a prior appointment. All appointments are to be made via our office.

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