Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a Leasehold basis) an exceptionally well run and performing, “turn key” photographic solutions business with an excellent reputation, with many repeat & loyal clients, along with a strong and consistent brand.
The business has been placed on the open market as it’s our clients desire to leave the industry and take well-earned retirement.
Jrs Photo Hardware Ltd has been operating since 1970 and under the careful and meticulous ownership of our client for over 15 years, and who has grown the business year on year to an impressive level with turnover and profit levels growing steadily.
The business offers a bespoke service for the photographic enthusiast and offers sales of new and pre-owned equipment such as,
• Digital cameras,
• Astronomical telescopes,
• Conventional style cameras.
The business also offers,
• Copying & developing,
• Canvas printing,
• Digital imaging, and features an instant and online kiosk print service for Customers and are all carried out to the highest standards using a superior level of Equipment,
• Passport photos,
• Year planners & calendars,
• Photo restoration,
• Equipment repair service and banners.
The business further benefits from having an informative website in place to further promote the services on offer.
We feel that there is still scope to increase turnover, with the introduction of some additional services to include,
• Offering a wedding photography service,
• Corporate & sporting events photography,
• Basic photography courses/ classes for the beginner.
Also, the business may well benefit from a robust marketing campaign via local / national press advertising along with a greater social media presence along with revised opening hours.
The business trades on its reputation for quality and service and has outstanding future possibilities. It would potentially be an ideal acquisition to some similar sized or larger enterprise looking to increase its position and presence within the industry.
A tremendous opportunity to own this turn key business, and early enquiries must come highly recommended to avoid disappointment
jrs Photo Hardware Ltd is centrally located on the popular Scott Street (PH1) and is surrounded by a plethora of complementary businesses, within the vibrant city centre of Perth, and benefits from only being a short walk from its facilities & attractions.
The city of Perth lies within the heart Scotland and is around an hour’s drive from both Edinburgh and Glasgow. With easy access to the Perthshire hills and the Scottish Highlands.
The Historic city of Perth is set beside the famous River Tay and is located just 90 minutes from 90% of Scotland’s population.
Perth has a fantastic selection of independent businesses offering a wide range of unique, quirky and high-quality products and produce. The City is very well serviced in terms of amenities and has excellent public transport links to the rest of the UK.
The business currently operates from a single fronted, terraced, traditional retail premises in a prime city centre trading location within the city of Perth (PH1), and benefits from being surrounded by a plethora of complementary businesses, in recent years the property benefited from significant investment to bring it to the high standard it can be found in today.
• Spacious front sales area
• Selection of both fully fitted & free standing, glazed display units offering a large selection of display items,
• A modern fully fitted display point of sale counter,
• Service area,
• Electronic till,
• Card payment terminals.
Located in the middle of the shop area is the 3 station Fujifilm imaging / processing station.
To the rear of the shop
• Film processing,
• Restoration workshop area with the latest industry equipment.
Accessed via timber stair case, into full height basement area with ample storage area fitted with,
• Substantial racking system,
• Fully furnished office area allowing for general administration work to be carried out along with online ordering,
• Staff kitchen facilities,
The premises also benefit from,
• Air conditioning,
• Full extensive alarm system
• Steel shutters to the front windows & door.
The business further benefits from having an informative website in place to showcase the products & services on offer along with generating an impressive level of new sales enquiries.
The client mentions that there is scope to develop this further with the online shop for core products.
We are advised that tenure is offered on a Leasehold basis.
Original Lease – 10 years with 2 years remaining.
Rent - £16000 pa. The owner is willing to pay the first 3 months rent free which amounts to £4,000!
The business currently operates Monday To Saturday 9:00 am – 17:00 pm
The business is run & managed by the owner & 4 staff members.
The business reported a turnover of £419,201 with a 33% gross profit.
Sav is circa £80,000 which is negotiable.