Famous Camera and Electronics Business

LONG ISLAND, NY


Asking Price: Annual Revenue:
$999,000 $7,850,000

Retail: Electronics, Technology, Computers, Cell Phones


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RE: Famous Camera and Electronics Business Broker: Seller of Business
Owner Financing is Available!
TOTAL PRICE INCLUDING INVENTORY IS APPROXIMATELY $ 2.5 M. THIS DEPENDS ON THE VALUE OF THE INVENTORY AT CLOSING ( THE BUSINESS PRICE IS $ 1.2M ). THE TOTAL DOWN PAYMENT AND TERMS ARE NEGOTIABLE. THE SELLER WILL CONSIDER FINANCING A PORTION OF THE SALE. Down Payment: $ 500,000

Quick Facts

Asking Price: $999,000
Annual Revenue: $7,850,000
Net Profit: Not Disclosed
Cash Flow: $355,000
Total Debt: Not Disclosed
FF&E: $349,000
Real Estate: Not Disclosed
Year Established: 1951
Employees: 33
BBN Listing #: 18125287
Broker Reference #: C200-0701

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Business Overview:

A family owned business since 1951 The Company is not only the leading camera electronics dealer on Long Island, they are well known throughout the Country and Internationally as well.
They have an excellent reputation for having knowledgeable salespeople, competitive pricing and a stock of all the major brands including all the hard to find accessories' like Underwater Housings and Underwater cameras as well as cellphones and tablets.They have 2 locations on Long Island. Their staff consists of professional photographers, Videographers and Astronomers who have all been shooting for many years. They sell great Telescopes and high-end binoculars for birders and other enthusiasts. They have many exclusive Dealerships which are very hard to get and quite profitable. Whether you come into the store or call them on the phone or purchase from their internet site you get the same great service. The Managers are always on site and most of the customers know them. They service many Schools, Institutions, Industrial Accounts, Newspapers and businesses throughout the country over the phone or from their website. They always go out of their way to go the extra mile for every customer. If they call at 6pm and UPS has already picked up and they need it next day air they will drive it down to UPS. If they are going away and their camera is in need of repair they get the repair expedited or loan them a camera for their trip. The Owners also have a School of Photography that starts clients off with beginner classes ( two classes Free with purchase ) and can then take them up to Professional status with Photoshop, Lightroom, Nature and Sports Photography and up to 50 more classes are available. WHAT SETS THIS BUSINESS APART ( IN ADDITION TO COMPETITIVE PRICING ) IS THE FACT THAT THEY INCLUDE 2 FREE CLASSES WITH A PURCHASE OF A NEW CAMERA.
THIS FEATURE WILL CONTINUE WITH THE SALE TO A NEW OWNER. THE NEW OWNER WILL BE ABLE TO GIVE THE CUSTOMER 2 FREE CLASSES WITH THE PURCHASE OF A NEW CAMERA AT NO COST TO THE NEW OWNER OF THE BUSINESS. THE NEW CUSTOMER WILL BE AUTOMATICALLY ENROLLED ( FREE ) IN 2 PROFESSIONAL PHOTOGRAPHIC CLASSES.

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Market Competition and Expansion:

Competition: LIMITED Potential Growth: UNLIMITED BY ADDING ADDITIONAL ELECTRONICS AND INCREASING INTERNET ADVERTISING.

Reason for Selling:

RETIREMENT

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 not a franchise resale opportunity.

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