Asking Price: $195,000 Gross Revenue: $234,924Cash Flow: $129,867 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $30,000 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This business has an extraordinary reputation and has been a leader in Central Pennsylvania as the premier wedding photographer and videographer for 50 plus years. The owner has an entire team of people that are very professional and experienced in their field. In addition to weddings, they do photographs for special events and occasions. They are a very high volume wedding photographer and it is very common for them to have multiple weddings they are photographing on the same day. The owner is extremely talented regarding photography but also equally talented in advertising, promotion, and marketing the business. He is very willing to spend ample time training the new owner and would even be willing to shoot a wedding or two if needed. The owner definitely wants to see the business continue and be successful for another 50 plus years. This is an award winning business and is the perfect opportunity for the new owner to become an icon in wedding photography just like the current owner.
About the Business
Number of Employees:
Although the business is currently located in the South Central Pennsylvania region, it would be possible to relocate the business or continue operating out of the existing location. The business is operated in a beautiful self contained business suite attached to the owners gorgeous home. The standard suite is approximately 1200 sq. ft. and there is space for expansion on a lower level that is approximately 600 sq. ft. The layout is phenomenal and the showroom overlooks gorgeous fish ponds, a crossover walking bridge, beautiful grounds and other staged areas for those special photo backdrops. You must actually see it to believe it. The owner is willing to lease the business suite or sell the entire property including the residence.
Competition does exist, however with 52 years of experience and the superior reputation of the business, referrals alone generate a significant amount of business. The level of additional business can be controlled by the amount of advertising and marketing the new buyer wants to do.
Growth & Expansion:
If the buyer plans to be a working photographer, income to the owner would increase significantly. The current owner travels extensively throughout the year and uses his manager and other photographers to perform most of the jobs booked. The business currently has about a dozen professional approved photographers that work on a subcontracted basis when needed so the business is positioned to handle an extremely large workload. The new buyer could also grow the business by expanding into other areas of photography such as sports photography (little league sports; cheerleading; etc) as well as school photography (elementary school pictures; senior pictures; proms; etc.) A buyer with renewed energy, enthusiasm, and desire to keep a full schedule of photography themselves could experience a very attractive income.
After 52 Years of Success - Photography Business for Sale!
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