Ad/Listing Information
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| Status: |
Off The Market |
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| Location: |
Sierra Foothills |
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| County: |
Nevada |
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| City: |
Grass Valley |
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| Financial Information |
Detailed Information |
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| Price: |
$55,000 |
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| Down: |
$55,000 |
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| Revenue: |
$84,203 |
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| Adj. Net: |
$55,515 |
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| Relocatable: |
No |
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| Home Based: |
No |
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| Real Estate Included: |
No |
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| Bkr To Bkr Coop: |
Yes |
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| Franchise: |
No |
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| For Sale By Owner: |
No |
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| Asset Sale: |
Yes |
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| Lifestyle: |
Yes |
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Description Of This Sierra Foothills 1 Hour Digital Photo Service Business For Sale:
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Major Price Deduction!
Modern Fully Equipped Digital And Traditional Photo Processing, Passport Photos And Retail Sales Shop. **data Provided By Owner Shows 84,203 Gross Sales (2009). With An Adjusted Annual Net Of 51,515. Gross and True Net are projected by owner to increase by +/- 25% in 2010 to Historical norms. State Of The Art Equipment Costing In Excess Of 191,000. Is Included In The Asking Price, Making This An Unbeatable Deal!
This Is A Perfect Fit For An Entry Level Individual Seeking To Become Their Own Boss, Or For A Couple Or Newly Retired, Seeking To Create Or Supplement Existing Income. Store Is Setup For Automated Operation By One Person. Previous Experience Or Training Is Not Necessary As Owner Will Provide Easily Learned Training To New Owner Upon Close Of Escrow, If Desired. Current Owner Founded Business In 1990 And Has Has Seen Its Success And Reputation Grow Steadily For 20 Years.
Facilities: Located In Grass Valley, "Quality Photo" Is An Excellently Designed , Modern Store Occupying Approximately 893 Square Feet Of Retail Space. The Store's Location Is Ideally Situated In A High Traffic Area In The Largest Shopping Mall In The Grass Valley // Nevada City Greater Area. There Is Substantial Parking As Well As Direct Access To Public Transportation And Immediate Access To All Major Highways In The Area (Hwys 49, 20, 174).
Products & Services: All Basic Digital (And Traditional) Photo Processing Services E.G.: 1 Hour Photo Processing; Passport Photos; Niche Digital Re-Imaging Services; Fully Digital Re-Imaging Up To 12" X 18"; Enlargements; Print From Slides And 35M Aps. Also Photo Copy To Iron-On T-Shirts, Mugs, Etc. Products Sold Include Film (Traditional // Digital), Photo Accessories And Some Cameras, Photo Frames, Mats, And Related Photography Items, Etc. A New Function; "Digital Image Transfer" has been featured since early 2009; and it Has Taken Off So Rapidly With Excellent Cash Flow, That 2010 should return to Traditional / Historical +/- 90,000 A Year Net Spendable Income; as projected by owner!
Market Outlook // Competition: "Quality Photo" Is The Only Custom/Quality Photo Lab Between Auburn And Reno That Offers Services Beyond Traditional Film Processing; And As The Recognized Leader In This Expanding Tourist Community; Stretching Throughout The Northern Sierra Nevada Foothills; Has Created A Large Client Base With Basic Retail Customers Providing 80% Of The Gross Revenues, While The Growing Business Segment Currently Represents The Remaining 20%. Their Reputation Has Continued To Build By Providing Unique Products, Competitive Prices And Flexible Re-Imaging Services, Which Contribute To It's Excellent Client Retention Of Both Consumer And Business Clients Such As Area Doctors, Lawyers, And Both Public And Private Organizations. The Store Currently Receives And Enjoys Specialty Referrals From Rite-Aid, Longs, Save-Mart And K-Mart On A Daily Basis.
Growth & Expansion Potential: While Fully Equipped To Provide All Expanded Services Listed Below; The Current Owner Is Planning Retirement And Has Chosen Not To Expend Further Energy To Expand The Store's Revenues And Profits Beyond The Comfort Level & Standard Of Living He Has Achieved Over The Past 20 Years; However Owner Strongly Feels That Exceptional Growth Can Come From The Following Segments With A Minimal Effort & Little Or No Additional Cash Investment:
1)- Website & Internet Store Development.
2)- Supplier Contracts With Fuji, Kodak,etc.---Web-Photo Processing And Local Pickup.
3)- Large Photo Processing--Up To 6' By 100' Long.
4)- Film Studio--Family, Weddings, School, Etc.
5)- Full Service Passport Processing. Currently Handling +/- 10 Passport Photos Per Day.
6)- Expanded Hours Of Operation.
7)- Camera Repair Service--Outsource Location.
8)- Expanding The Accessories Section-- More Cameras, Specialty Film, Etc.
Lease: Current Lease Is 1,899. / Month Including Common Area Maintainance (Cam), And It Expires On June 30, 2012; With An Option To Extend For An Additional 5 Years. Rent Increases Are 3% / Year.
Equipment: Purchase Cost Includes In Excess Of 191,000. Of Well Maintained Equipment, Fixtures & Furnishings! (List Available To Pre-Qualified Buyers.)
Sale Terms: Cash Sale Or Cash + Asset (Such As A Luxury Automobile Or Appraised Jewelery).Principals Are Expected To Provide Some Evidence Of Existing Cash Or Liquid Assets To Complete This Sale; And Also Must Qualify With With Landlord To Assume Existing Lease.
Reason For Selling: Retirement.
Training: Owner Will Train Buyer For 2--3 Weeks ( 35 Hour / Week ); If Desired; At Coe.
Inventory: Average Is +/- 8,000 and is not included in the Purchase Price. It Will Be Negotiated Seperately Between Buyer And Seller Prior To Coe.
Non-Disclosure (Confidentiality) Agreement Required: Yes.
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