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This is an exciting turnkey opportunity for a forward-thinking photographer or entrepreneur.
Due to personal circumstances, the Venture Studios franchise in Edinburgh up for sale. Located on one the of the busiest roads in Edinburgh (the main A1 trunk road) and only 5 minutes drive from Princes Street, the studio comes complete with over 900 free car parking spaces and is in a real up and coming area within a short stroll from the Scottish Parliament.
The amazing 4000 sq ft studio is beautifully fitted out with 5 huge windows onto the main road and is in an enviable retail position. A gigantic reception/ showroom, 2 huge studios, 2 viewing rooms, telesales room, main office, image edit suite, store room, work room, kitchen and 2 bathrooms. The main shop fit which was completed 16 years ago cost in excess of £140,000. There are around 3 years left on the lease. This could be simply transferred to a new owner or a new lease entered into with the landlord.
Everything - Furniture, fixtures and fittings, camera equipment, air con, display work, exhibition stands, computer equipment, software, network, viewing equipment all included in the sale.
A database of clients stretching back some 20 years along with full client image archive is included, and the existing team of photographers, sales staff, telesales and receptionists will ensure a smooth transition, as all are fully trained in their respective roles.
The business has huge potential for new owners to earn anywhere between £50,000 and £100,000, depending on the level of day to day involvement that they want to undertake in the studio. Hands on help from the current owners can also be arranged for a handover transition period.
The Venture brand
Any new franchisee taking over the business will benefit from full training on the Venture model from the franchisor, and will receive the full range of marketing support provided by the franchisor, such as the production of all customer facing collateral, on line and social media strategies for acquiring customers, and new product development. In conjunction with this any new franchisee will have access to the support network provided by the franchisor.
So why are the current franchisees selling?
The current franchisees have been very honest about their rationale for selling - "It's simple, and we will be 100% honest with you, with 3 young grandchildren and an 88 mile commute each day we are simply exhausted (and way too old) to run such a vibrant exciting studio 7 days a week. In recent years we have been finding it difficult to keep up with the energy required to run a mega studio."
In the past Venture Edinburgh had one of the highest turnovers of any studio in the brand, achieving sales of in excess of £1,000,000 (biggest year was £1.6m) with good profit margins. However, in recent years the current owners have dropped the staffing levels and only intermittently used the second camera room. The turnover is still around £500,000 on family portraiture but the potential is massive, and just sitting there for the right person to bring the buzz, the huge turnover and the big profits back to the studio.
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