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Photographic Studio Specialising In Contemporary Family Portraits Ta £400k

Undisclosed Buckinghamshire
Profitable + thriving family photography business - Home Counties. Lease to let or rent Photographic Studio Specialising In Contemporary Family Portraits Ta £400k is located in Buckinghamshire.
BUSINESS FOR SALE ADVERT DETAILS

ADVERT NUMBER : 51898
ADVERT IMPRESSIONS : 14,820 TIME(S)

 
BUSINESS SECTOR: Franchise Resales
TRADE TYPE: Other
SALE: Private Sale

ASKING PRICE:

£160000

ANNUAL RENT:

£30500
 

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BUSINESS DETAILS:

Description:

Turnover circa £400k
Net profit circa £80 p. A. For 2009,2010 and expected for 2011
No other photography studios in town
Employees - FT manager, FT diary manager, FT 2 / 3 photographers, PT telesales and exhibition staff
Established 2001
Reason for sale is that the current owners have owned for 4 years and have other business interests they wish to focus on
Trading hours - Tues to Fri 9. 30am to 9pm, Fri 9. 30am to 6pm, Sat and Sun 9am to 6pm

Excellent location
Brand recognised for quality portraits
Well established and respected franchise
One of the best performing franchise operations in the UK
Highly talented, experienced and skilled staff including photographers
Superb well equipped premises - all fixtures and fittings included, fully equipped modern studio, caneras, lights and all other necessary equipment
Large, repeat customer base
Goodwill

Lease Terms:
Premises leased to 2020, tenants break clause in 2013 - annual rent £32,500 - business operates from a prominent position in a secondary retail location, just off the High Street. The ground floor premises have been developed to present a creative and relaxed space with a modern, clean and stylish reception / seating area, spacious studio and preview room. Also included within the property are a kitchen and work area, storage room and Client WC. There is ample car parking opposite the studio. Accommodation:
Above the studio there is a one bedroom flat with a separate entrance. Currently used as a production area, this could easily be returned to residential accommodation to generate additional revenues for the new owners of the business.
   
  FOR SALE
   

REFERENCE:

51898 / RightBiz
   
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