Asking Price: $315,000 Gross Revenue: $311,539Cash Flow: $60,000EBITDA: $53,352Inventory: $52,250 included in asking priceFF&E: $107,450 included in asking priceShare 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.
Turn key business providing digital photographic services and large format prints for Keys artists, photographers and galleries. Giclee printing services ranging from 8X10 to 40X60. Also provides ''art packages'' to businesses including restaurants and hotels as well as aerial photography. Overlooking Safe Harbor, Key West Fine Art Photography & Printing is a Going Concern and includes lease (currently 5 year), furniture, fixtures, inventory, existing staff, customer accounts (over 200 artists) and a very well equipped
studio. Seldom is this quality of offering found in the Keys. Owner will train on all aspects of production and equipment handling.
About the Business
Number of Employees:
Building Sq. Ft.:
Waterfront building was constructed in 2006 and in good condition. Business owner's build out was high end, including plaster walls, marble floor (on main floor level) and wood floor on 2nd floor level. There is a studio with very high ceilings allowing large pieces of art to be photographed for reproduction prints. The depreciation schedule from tax returns indicate an initial investment in build out plus equipment of $213,197.
There are few businesses offering this service on a retail level. It is not the skill level that makes the difference, but the equipment needed to produce the prints.
Growth & Expansion:
Owner believes he is operating at about 25% of full capacity achievable at this facility. He does not work full time. He allows his 2 employees to cover for him (1 full time and 1 part time). He says he has not made any sales calls, which would increase his profit substantially. He runs this business like a hobby.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.