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Photo Studio for Sale

Location  Alberta,Canada
Asking Price Range  $250K - $500K
Gross Revenues  $330000
Net Profit / Cash Flow  $56000
Cash Flow Type  EBITDA
Seller Finance  No
Year Established  1918
Number of Employees  1 - 3
Inventory  90000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Owned
Reason for Sale  Retiring
Description  This Photo Studio is Medicine Hat's second oldest business and Alberta's third oldest photography studio. It was established around 1918. The studio is located downtown in a turn-of-the-century house with a beautiful veranda and an extensive garden. The building was expanded to approximately 4000 sq feet, renovated and upgraded with new furnaces, air conditioners, plumbing and electrical in 1988. The garden was professionally landscaped in 1999 with a pond and arches, all on over 800 sq metres of land. The studio's primary focus is family, children and graduation portraits. The studio also does weddings, commercial and business portraits as well as custom framing. The owners and staff pride themselves in leading-edge photography and personalized service which produces repeat business. The studio has been a totally digital studio since August 2001. The present owner has operated the studio for 25 years with a dedicated staff. This is a highly viable business with an annual gross revenue $300-400K Cdn, with much more potential. The owner is retiring but is prepared to stay and assist or train new owner.
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