FOR SALE
633609
For Sale – Established Passport Photo & Printing Business in London
I am offering my well-established passport photo and printing business for sale, located in an excellent area of London. Operating successfully for three years, this business boasts a loyal customer base and a steady monthly income. Currently, it generates a profit ranging from £1,500 to £2,000 per month.
Business Overview
The business comes fully equipped with essential amenities, including professional lighting, backdrops, ID/photo software, printers, a laminator, and additional accessories. It features functional studio space for photography with dedicated areas for portrait, passport, and creative photography services. There is also ample storage for props, costumes, and photography equipment, as well as a restroom and kitchenette.
Financial Information
The asking price for the business is £25,000, with an annual turnover of £24,000 and a profit margin of £18,000. All stock is included in the sale, and accounts are available for review. The monthly rent for the shop is £655, with the option for a yearly contract with the landlord. Monthly electricity bills average around £55.
Potential for Growth
This business presents an excellent opportunity for individuals seeking to operate a small self-employed venture, particularly families or those with basic computer and photography knowledge. There are numerous possibilities for expansion, such as adding on-demand printing services and poster printing.
Competitive Advantage
Operating in a high-traffic area with no nearby competition, this business stands out due to its unique offerings. It has built a strong local reputation, supported by a solid online presence, including a Google profile with 62 5-star reviews. Additionally, I am willing to provide training for the new owner to ensure a smooth transition.
Reason for Sale
The decision to sell is due to a personal change in career direction, as I am planning to relocate back to the Netherlands. This sale presents an exceptional chance for a new owner to take over a thriving small business with significant growth potential.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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