Leading Photography Company & PR Agency For Sale

Business description

Leading Photography Company & PR Andrew Barton

This professional and highly reputable photography business was set up by the vendor back in 2002 and has established itself as the leading photgraphy and PR agency on the island. The vendor has over 20 years experience, providing a general practice service for commercial, industrial, promotional, portraiture and wedding commissions. This includes the provision of high quality press packs for media PR and corporate brochures. In addition to this the business also provides a framing service to clients.

Using the latest digital equipment to ensure the best quality imagery, this business combines technical sophistication with unmatched quality of presentation at competitive rates. The businesss is known for its commitment to customer service, ensuring that every commission benefits from a highly personal approach with exacting attention to detail, from initial consultation right through to completion of the commission.

The business is highly profitable and the vendor has re-invested within the business to ensure continued success. The business has excellent high street premises, well trained and knowledgeable staff and a good level of high quality equipment that ensures it can produce the best collections and projects on a consistent basis.

The company has a diverse customer base and enjoys high levels of referrals and repeat business. It is constantly picking up new work due to its position in the marketplace and the fact there are no other high street organisations on the island who can offer such a superior service.

Equipment:

The equipment as it stands at the moment is all very well maintained and indeed mostly current high-end.

Leaf Valeo full camera kit (medium Format digital)

Nikon D2H with 24-120 and wireless transmitter
Nikon D2X
Nikon d2HS
Nikon Ds3

A large collection of Elinchrom and Bowens lighting stands studio backgrounds school backgrounds posing equipment etc

Sony Passport camera and printer

Fuji ASK printer
Kodak 6800 Printer
Mitsubishi 10x8 Disub printer

Full 'suite' of computers capable of running the whole operation (laptops Pcs Macs etc)

Frame making equipment and mouldings

Telephone system(Avaya)

Customer Service:

Customer service is at the centre of what this business provides. Quality of product is key and all staff share the vendors commitment to it. This commitment to customer service is backed up through the vendor’s own corporate membership to The British Institute of Professional Photography (BIPP) and The Master Photographer’s Association (MPA). This is further illustrated by ongoing recommendations from satisfied clients.

Key Strengths:

• Turnkey bespoke solution- wide range of knowledge and services available to customers
• High service levels and speed of response
• Sterling Reputation
• Very limited competition
• Highly profitable
• High street presence
• Workforce
• Un patented technical know-how

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.

Turnover for last financial year was circa £213,000. Very Impressive Gross Profits circa £171,000 p.a. Equally impressive Adjusted Net Profits circa £63,000 p.a. The business has a good level of fixtures and fittings, equipment and technology that ensures high quality commissions. This company has achieved consistent sales over the last few years and enjoys good levels of repeat business and profitable revenues streams and also benefits from the islands unique tax regime.

Property information

Property:

Leasehold

Lease terms:

The current lease is renewable. Rent is circa £8000 p.a.

Location:

The business operates from ideal leasehold premises within one of the towns shopping centres. The current lease is renewable. Rent is circa £8000 p.a. The unit has all services connected and is highly secure.

Business Operation

Expansion potential:

There are many areas of growth available to a new owner especially as there is very limited competition on the island. One such area yet to be tapped into is the very popular motorsport arena that the island is known for. Another area for grotwth id the framing facility as this is only a small part of the current business model.

The business does not proactively sell its services and would enjoy significant growth with the implementation of a more aggressive sales strategy.

Competition / Market:

The company has its own informative website and also utilises local media, yellow pages and radio to advertise its services. It also has a customer mailing list that can be registered via the website. The business also enjoys a high profile location in one of the town’s shopping centres.

Reasons for selling:

The owner wishes to relocate nearer to family on the UK mainland.

Trading hours:

Tuesday- Saturday 10.00-1700

Employees:

The vendor works full time in the business alongside his wife. They have put together a highly professional and multi-skilled team of staff who run the business efficiently and professionally. In addition to the vendors the business employs a further full time photographer, a full time technician and three part time staff who tend to assist with events and administrative duties.

Years established:

2002

Other information

Support & training:

The vendor is more than happy to provide a comprehensive handover to ensure a seamless transition and continuity of trading. They would even be prepared to stay on for a further period if so required, subject to separate negotiation.