High End Photography Studio
Location California,United States
Asking Price Range < $250K
Gross Revenues $250000
Net Profit / Cash Flow $65000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1977
Number of Employees 1 - 3
Inventory 58500
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Yes.
Reason for Sale Retire.
Description In business since 1977, this full service photography studio is known throughout the community for its high quality and artistic work utilizing modern digital photography. The studio is one of the elite few listed on preferred vendor lists of the finest hotels in the city.
The studio specializes in weddings, social, corporate and military functions, children's photography, photography restoration and headshots. Weddings comprise 60% of the business. The majority of the clients are mid-to high income earners.
60% of business is from referrals from hotels for social functions. The studio generates 20% of its business from walk-ins drawn by its' location on a busy street and well-maintained window display. The studio has significantly invested in the Internet, including a website that allows clients to view photos on-line and search engine optimization. The studio also advertises in traditional venues including yellow pages, hotel directories and magazine ads.
The studio recently became the exclusive photographer/videographer of a large major resort and will be includedin all wedding and social function packages. As a result sales are projected to climb to $400,000 in 2007.
The studio has adapted to modern digital technology and is poised to remain on the cutting edge of the photography industry. Additional areas of growth include photo restoration, CD covers and Internet based sales such as pictures for E-Bay.
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