Asking price: £75,000

Sales revenue: £250,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
This retail business was established by its owner eleven years ago. It caters for the local photographic market and the tourist industry providing printing services for both digital and film formats. It offers a flourishing framing service that has considerable opportunity for expansion and also provides novelty items such as printed mugs, T Shirts, mouse mats and a poster printing facility.
The company also carries a range of consumable items such as batteries and films. A small range of lower priced cameras is also stocked and these are priced to attract the tourist sector.
The business is ideally located in a prime retail pedestrian precinct within yards of the seafront and which attracts a very heavy footfall during the summer months.

Equipment:

The business has invested in a range of high quality equipment. It has,
NAGFA DE LAB 2 mini lab.
A film processor
Two computers with AGFA and FUJI software and photo shop.
Four self serve developing kiosks
Three EPOS tills.
Large poster printer
Frame making equipment
Tea shirt and mug printing equipment


Key Strengths:

Excellent location
Quality equipment
Ideal demographic market sector
Well established

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 currently has a turnover of circa £250,000.

Employees: One owner Two part time staff One manager who will be retiring due to health issues.

Property: Leasehold

Lease terms
The lease runs at an annual rental of £34,000. Part of the premises is sub let for £12,000.

Location
The details of the single fronted Victorian premises will be made available on inspection. A first floor flat/ studio and a viewing room support the ground floor retail shop. The second floor contains a T-shirt production and mug printing room. The lease runs at an annual rental of £34,000. Part of the premises is sub let for £12,000.

Expansion potential
There is a very real opportunity to grow this business. There is ample room to increase both the quantity and range of available stock items to cater for the more serious photographer while continuing to capitalise on the tourist trade. The revenue available from framing has not been optimised due to health issues of the key operative. A new owner with the relevant skill sets could quickly resolve this situation.

Competition / Market
Over a period of time the business has invested in all the usual forms of advertising. These include local radio, newspapers and the Internet.

Support & training
There will be a full and professional handover for a period to be agreed as part of the sales process

Reasons for selling
The existing manager is retiring due to health issue and the owner has decided to concentrate his commercial energies developing the wedding photography sector.