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BUSINESS REFERENCE : AH062 / RightBiz PERTHSHIRE'S PREMIER, AWARD WINNING, INDEPENDENT PHOTOGRAPHIC RETAILER | | | | | | Perthshire's Premier, Award Winning, Independent Photographic Retailer Confidentially offered for sale Ref No: AH062 Location: Perthshire, Scotland Freehold Asking price: £395,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £395000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
Established since 1973, this very well established business has created an enviable reputation as a premier photographic retailer. Under the current ownership for the last five years the business specialises in the retail of cameras, camera equipment and photographic development and printing, which forms a large part of the day-to-day business and of which a large percentage is referred business for passport photography. The business has developed a reputation as a preferred local provider of passport photographs.
Additional specialist services are offered such as slide scanning and picture enhancement. The Business has a well established Wedding Photography Service and has taken on an increasing number of weddings. The vendor believes that the passport and wedding photography areas hold excellent potential for future growth.
Investment into e/business/Internet sales is another avenue for growth, with “techno-savvy” consumers increasingly going online to shop, and with internet sales booming, High Street businesses are following specialist e-retailers on to the web. UK shoppers now splash out record money in online shopping and IMRG, the industry body for global e-retailers, reveals that £42bn is now spent online by UK shoppers, which is equivalent to London's West End sales nine times over and also matches the turnover of the supermarket giant Tesco.
The business offers a full selection of brand name photographic equipment including Fuji, Panasonic, Nikon and Canon, and has limited competition in the area. The business’s competitive edge is enhanced by its investment in technology, including the leading edge digital machines with accompanying software and support equipment.
This independent business has gone from strength to strength and continues to grow due to the personal service and professional friendly advice, which is second to none and inspires loyalty in its customers.
Customer Service:
This business provides everything photographic and above all offers value for money and a service that people can trust and rely on. Customer service is an area that the business excels in and it enjoys significant repeat business.
Key Strengths:
The business is both profitable and very well established and continues to attract new referrals.
The success of the business is due to its expansive product knowledge, and its technical expertise. The business is well respected for its honest, reliable and friendly approach.
Key Opportunities:
This business maintains an extensive base of satisfied customers, who value the company’s products and service. Early viewing is recommended to appreciate this excellent opportunity. The current market for this business’s products is stable and investment in developing the business as an ‘etailer’ would ultimately improve the worth of the business. Developing the wedding photography area of the business could be a high-profile money-maker. The business is well positioned to take maximum advantage of this growth as it occurs.
Employees:
The business employs knowledgeable & experienced staff who can give help and advice on a wide range of photographic equipment and services.
Advertising and Marketing:
The company has used limited advertising in the past with most of the business's turnover being generated through the current existing satisfied client base and word of mouth recommendation. A company website showcases the company services and prices.
Premises:
The premises comprise of a ground floor retail unit with useful basement storage that has a minimum head height of 7ft (giving useful storage/ancillary accommodation) and WC. Total internal measurement is approximately 85 sq. mtrs.
Contained within a traditional stone and slate building the ground floor is fully fitted out to a high standard with a fitted retail area, wall racking and various display units, which are all well stocked.
The premises have the benefit of air conditioning, which is complemented by electric heating.
The premises are a city centre retail unit in a prominent trading position with other high street retailers and independent stores including Scottish Hydro Electric, Mackay & Co, and Dunns Art Stores.
The business is located in a business City centre, which is also a popular year round tourist destination and is ideally positioned with having accessibility to major road and motorway networks.
Business Hours:
Monday – Saturday: 9am – 5pm
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The business demonstrates consistent year on year growth approaching 10%. Turnover is circa £410,000 per annum.
Reason for Sale:
Personal/retirement
Support and Training:
The vendor is happy to provide support and training for a period of time to be negotiated prior to the sale | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AH062 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
