Description of the business for sale
This established company is a full service photo and imaging lab. The company has successfully transitioned from film to digital photography, which now accounts for 90% to 95% of the company s business. This shift is supported by an array of sophisticated state of the art equipment. They provide access to cutting edge equipment that is too expensive for the average artist to own. For example, one of the digital cameras at the lab, which makes very large files and can print almost any size work costs over $20,000. There are separate spaces for photo labs, computers, printers and various work stations. They maintain a studio, complete with cyclorama for photographing large objects such as cars. Special fluorescent lighting throughout the building is set to replicate daylight viewing conditions, the standard for the photography industry. Customers range from professional photographers, artists and illustrators to many of Westchester s largest companies. Consumers are service in a attractive retail space complete with do it yourself equipment.
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Support / Training provided by seller
The owner will provide up to four weeks training at no charge to the buyer. After that, the owner will be available on a limited basis for consultation
COMPETITION: Since the advent of digital photography, the number of photographic laboratories has shrunken. This is due to the high cost of converting processing equipment, training technical staff, and establishing a reputation for expertise in this new technology. This company has successfully made this transition to not only service the change but to move even further ahead of its competitors. This will enable the company to maintain and increase price margins as the industry evolves.
ADDITIONAL FINANCIAL INFORMATION:
• Inventory: $75,000.
• FF&E: $650,000.
REASONS FOR SELLING: Retirement
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Description of the facilities
This company is located in a two story 15,000 square foot stand-alone building on a well trafficked street in Westchester County,, NY. There is ample adjacent parking for employees and customers.
GROWTH: The company has earned its reputation as the leading imaging laboratory in Westchester County by offering the widest array of services to companies and individuals with unmatched quality and timeliness. Over 75% of business comes from the 5,000 customer database. The company web site attracts new customers as does the prominent location on one of Westchester s business thoroughfares. The company web site is undergoing a new design to take greater advantage of the internet s marketing potential.
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