Asking price: £75,000

Sales revenue: £169,718

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Advent Business Sales is pleased to have been instructed to offer to the market this extremely well established photography business with excellent future potential.

Founded by the current vendor over 15 years ago, the business is only now being reluctantly offered for sale as he plans his retirement.

The shop and studio offers a top quality processing and printing service from conventional film to digital media.

They provide wedding and event photography and specialist in the restoration and printing of old images.

They have a state of the art electronic studio to capture that special moment.

Within the shop they also offer digital imaging, transfer to DVD, CD Rom, tape or video any other image form. They have an extensive range of frames and albums and will also take your passport photo.

The business employs 2 full time staff and also has 3 part time employees who each work approximately 20 hours per week and the vendor part time. They achieve an excellent annual turnover of approximately £170, 000 with a gross profit of circa £116,000.

We are advised that stock at cost is approximately £13,000.

The business sub leases the first floor accommodation, for which it receives £15,000 per annum rental income.

The equipment includes:
• DL400 Fuji frontier dry lab
• 2 off Fuji smart pix kiosks
• Epsom Stylus pro 7500
• State of the art electronic studio.
REF:8858HP

Years established: 15 years

Trading hours: Mon – Sat: 9.00am – 5.30pm Sun: closed

Property: Leasehold

Lease terms
TENURE: Leasehold Original lease: 10 years Remaining lease: 2.5 years Review every: 5 years Rent: £44,000 PA We are advised that the annual business rates are currently: £9000

Living accomodation
BUSINESS PREMISES Ground floor lock up premises which briefly comprises of the following: Ground Floor • 2 separate front entrances into the portraits section and the main retail area. The former has a desk with a computer link to show customers their photographs and 3 comfortable leather chairs. • The latter and much larger area, has wall hung displays of frames, albums and film counter and till to the rear, with lab and kiosks off • 2 touch screen computers for customers to produce their own photo’s, available in different sizes.

Location
The Business is ideally located in the very heart of an extremely affluent and upmarket town in Buckinghamshire.
It is situated on a main through road on a parade of shops which includes Marks & Spencer, Costa Coffee, Car Phone Warehouse and Orange.
There is a free for 45 minutes car park directly behind the shop, as well as 2 spaces allocated specifically on street free of charge for 1 hour is also available.
The town is also connected to the London Underground. Nearby towns include Hemel Hempstead, High Wycombe, Watford and Aylesbury. The M40, M25 and M1 motorways are all nearby.

Expansion potential
While already achieving a very good annual turnover, we believe that the largest cost savings to be made would be by a new purchaser working full time for the business, which would reduce the wages costs considerably.

Financing available
Please let us know if you require finance for the purchase of a business.

Related documents

		sales particulars

		Sales paticulars

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