Owner Financing is Available
Business for Sale Overview:
This is a great opportunity to purchase a quality franchise photography portrait studio. This location was established in 2006. Sales and profits have continuously increased since the studio opened for business. This studio provides a variety of photograph services including family photography, event photography, senior pictures, other school pictures, holiday pictures and more. The photography is higher end and noticeably better quality than discount department store photography studios.
Royalties are 6% of sales and the ad fund is 2% of sales. The training and transfer fee is approximately $15,000. The buyer does not need to possess and photography ability to operate the studio. The training includes all aspects of running a portrait studio
The Sellers are selling because the husband works full time for a major airline as a pilot and as a result is out of town over ½ of the month. They also have 4 children which present a challenge trying to run the studio and raise the family. In spite of these circumstances, cash flow for 2008 was $68,963.
A more aggressive owner-operator could greatly increase the business and profits by extending the days and hours open for business, marking the outside services such as school photography, proms, etc. which is not currently done by Seller, decreasing payroll by replacing hours worked by managers and offering more services such as videography, weddings, and more.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
Husband/full time pilot, Wife/4 young children.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.