Franchise Portrait Studio For Sale

Business description

This is a great opportunity to purchase a quality franchise photography portrait studio. This location was established in 2006. Sales and profits have continuously increased since the studio opened for business. This studio provides a variety of photograph services including family photography, event photography, senior pictures, other school pictures, holiday pictures and more. The photography is higher end and noticeably better quality than discount department store photography studios.
Royalties are 6% of sales and the ad fund is 2% of sales. The training and transfer fee is approximately $15,000. The buyer does not need to possess and photography ability to operate the studio. The training includes all aspects of running a portrait studio
The Sellers are selling because the husband works full time for a major airline as a pilot and as a result is out of town over ½ of the month. They also have 4 children which present a challenge trying to run the studio and raise the family. In spite of these circumstances, cash flow for 2008 was $68,963.
A more aggressive owner-operator could greatly increase the business and profits by extending the days and hours open for business, marking the outside services such as school photography, proms, etc. which is not currently done by Seller, decreasing payroll by replacing hours worked by managers and offering more services such as videography, weddings, and more.

Franchise terms

Royalties are 6% of sales, ad fund is 2% of sales. Training and transfer fee is approximately $15,000

Property information

Real Estate:

Lease

Lease terms:

$2,100 NNN ($900) to April 30, 2011. Two 5 year options

Location:

Prime location in a high traffic, newer strip center containing many businesses with the same target market

Premises details:

1,800 sq feet in a well maintained high traffic strip center.

Size in square feet:

1,800

Other information

Expansion potential:

An owner operator could increase business & profits with additional services, expanded hours and owner presence.

Support & training:

Corporate training

Reasons for selling:

Husband and wife team do not have adequate time to devote to business. Husband is a full time pilot and wife has 4 small children.

Trading hours:

Tues, Weds & Friday 10am-5pm Thursday 12-7, Saturday 10am-5pm

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

$100,000 down 8% 60 months

Inventory / Stock value:

$5,000