Independent or Franchised Video Transfer and Production Services
NCListing DetailsOffice ID: MEDIA2
Listing Broker: Jeff Snell, M&AMI, CBI, ABI
Listing Price: $305,000
Gross Revenue: $284,303
Cash Flow: $122,455
Inventory Included: Yes
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:Seller will provide an appropriate component of Seller financing to well qualified buyer.
Reason for Sale:Seller has other interests.
Training:Seller will provide up to 80 hours of transition support within 30 days of closing at no additional cost. Buyer must attend franchisor training which is one week in Indianapolis, IN. Training cost to buyer is $10,000.
OperationsYear Established: 2008
Form of Ownership: LLC
Employees (full-time): 1
Employees (part-time): 3
Business Hours: 10am - depending on day, closed Sunday
Business Description:This extremely profitable (> 42% net profit) well-established business is part of one of the largest video transfer production services in the United States and has international locations as well. It can be operated as an independent location or franchise. They provide transfer to DVD from almost any still or video image source as well as duplication and video production services. This location is one of the most successful in the network with positive online ratings and high SEO ranking. The business has received multiple awards, accolades and recognition. There are two fully functional up-to-date editing suites. The franchisor royalty structure has been modified. This change has been reflected in the recast financial reports. Buyer will pay no monthly fees and no royalty payments for the next 4 years at which time buyer may go independent and retain the name or renegotiate with franchisor. The franchisor currently charges a $15,000 transfer fee that is to be paid by the Buyer. This fee may be waived and is dependent upon when the closing takes place. Financial information provided is for the twelve month period ending 5-31-2016
Historical Summary:This franchise was originally founded in the early 1990's and began franchising in the mid 2000's.
Owner Qualifications:In addition to general business management experience buyer does not need any technical experience. Franchisor offers business and technical training.
Competition:This location is among the top in the entire franchise system. Aside from two brick and mortar competitors in the general area the other competitors are online. Businesses in this area compete on price and quality which this business excels at both.
Potential Growth:The majority of current business is production in the preserving memories category. There is significant opportunity in the video production category.
LocationType of Location: Strip Center
Real Estate for Sale: Yes
Lease Expires: Mar 1, 2019
Lease Security: $1,200
Monthly Rent: $1,285
Square Footage: 1000
Facilities:The business is located on main street of a thriving bedroom community of Raleigh, North Carolina. The space is adequate for the businesses needs and has a lot of curb appeal to passers by.
Last Updated: Dec 18, 2017 / 11:53 AM
Financial Information Current As Of: Sep 18, 2015 / 3:58 PM