Description of the business for sale
The Company gives professional photographers the highest quality custom black and white film processing and the most carefully crafted black and white photographic prints on resin-coated and fiber-based papers for publication, exhibition, or personal use.
REPUTATION:The professional photographic community holds the Company in high esteem, based on the high quality of its work. Even with well-exposed or problem negatives, customers expect the staff will produce the best possible work. The Company brings its expertise to its new and rapidly-growing digital department, offering scans of flat work and of negative and transparency materials, file preparation, retouching and restoration, colorization and ink-jet printing of digital prints. Adding to its prestige, it has sponsored the local professional photographers' organizations, such as ASMP, and organized and hung photographic exhibitions advertised in the local press.
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Support / Training provided by seller
The owners are willing to remain for a reasonable time to assure a smooth transition of the operations and the customer base to the new owners.
GROWTH: Besides local geographic expansion opportunity, Washington, DC area commercial activity continues to grow fast, boosting the need for imaging by both governmental and local private sector clients, especially digital.
COMPETITION: Digital photography and other photo industry changes are shrinking professional-grade black and white photo finishing markets, even closing some processing labs. Yet, this company is well-positioned: by expanding its own services nationwide through advertising on the Internet, trade journals and other channels. Films and prints it processes are delivered remotely by mail or e-mail (for digital processing).
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Description of the facilities
The Company leases 1,963 square feet of space outfitted to provide fully-equipped darkroom space for traditional custom photographic services as well as custom digital photographic services, using the latest technology. The lease goes through 2009.
ADDITIONAL FINANCIAL INFORMATION
•Inventory: $20,000
•FF&E: $150,000
REASONS FOR SELLING: Owners planning retirement.
EMPLOYEES: Full-time / Part-time: 2 Own, 2FT, 2PT
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