Business for Sale: £125,000 (FIXED PRICE) + Stock.
The business is in the heart of Aylesbury town centre and is located at the top of the High Street. Some of the neighbouring retailers are leading brands such as CEX, Carphonewarehouse, Greggs and Toni&Guy. M&S, McDonalds, Friars Square Shopping centre and Market Square are less than two minutes walk away.
Aylesbury, Buckinghamshire is conveniently located just outside of London in between M40 and M1. It is 30 minutes drive from Milton Keynes and approximately 40 minutes from Oxford and Watford; there is also a direct train service to London Marylebone. Work is currently underway on the East West rail project which will connect Aylesbury to Oxford and Milton Keynes by 2023. Aylesbury is also popular for it’s Grammar Schools and affordable housing. In addition to Watermead which is known for it’s lake, some of the other new attractive developments are Berryfields, Buckingham Park and the latest development of Kingsbrook. Due to the ongoing housing developments, Aylesbury has a fast growing population and is predicted to have 16,000 more homes by 2033. It has also been awarded Garden Town status which will bring in further development and investment.
The business is a franchised operation and is the only specialist and privately owned photographic development and processing service provider in Aylesbury. It has been successfully trading from the existing site since 2003. The original 15 year lease was extended last year by a new secure 10 year lease with the rent reduced by 30% to under £15,000 per annum. Business rates for 2019-20 are under £2,500. With such low fixed overheads, the business is highly profitable and will make a great investment opportunity for a retail minded franchisee who is interesting in running a streamlined, low stress business with sociable working hours offering a work life balance.
The turnover consists of various streams of income e.g. Digital Printing, Instant Prints, Film Processing, Large Format Posters and Canvases, Passport & Visa photos, Photogifts, VHS to DVD service, Portrait Studio and sale of photographic merchandise. Coupled with the low fixed overheads, the business operates at a high gross profit margin which makes this a very profitable operation.
The business is known for it’s personalised service and quick turnaround which is provided by it’s 4 experienced staff members who have over 25+ years in combined service between them. The business is open 9am - 5.30pm Monday to Saturday and 11am - 4pm on Sundays. In addition to the store Manager, there are 2 full timers and 1 part timer.
The incoming owner will benefit from a brand new refit which is scheduled to be undertaken in 2019 which will bring in further footfall and income. The sale price includes all assets owned by the business. The owner can confirm that all assets are owned by the Business with no outstanding finances.. The business is equipped with the latest printers and kiosks. It also benefits from a modern franchise owned website which receives daily internet orders.
The incoming franchisee would have to be approved by the franchisor to ensure the prospective buyer is retail minded operator who will maintain the high standards the franchise brand represents. The franchisee will be required to sign a new 10 year franchise term.
The current franchisee has been successfully running the business since 2010 when it was sold by the previous franchisee who'd setup and run the business for 7 years. The current franchisee who does not have a photographic background has now put the business on the market for a well earned break before undertaking his next project.
This is an ideal business for an experienced as well as a first time buyer due to the affordable investment level required. Moreover, due to the experienced staff and professional support by the franchisor, it is an ideal business for a person willing to quit their job and step into self-employment. Please note you would also need to pay towards your legal costs and a franchise fee for a 10 year term along with stock. Therefore an additional funding of £25k would be required to cover the various costs. The franchisor’s recommended Bank will be able to provide 60 - 70% of the finance using EFG subject to the franchisee’s personal credit rating and finances.
The business is very reasonably priced and an incoming franchisee will be able to see a return on their investment in less than 3 years. The price includes all the assets as well as goodwill of the business.
All viewings must be agreed through the franchisee. All enquiries must be forwarded to the franchisee. Interested parties will be required to sign a Confidentiality/Non Disclosure Agreement.
9am - 5.30pm
Support and Training:
Full training provided by the franchisor along with a smooth transition and handover by the existing franchisee.
Superb town centre high street location.