Unique and Dynamic Photobooth Business in Operation Across the UK

London, London
REF: S07819

Asking Price:
£65,000
Annual Turnover:
£50,000
Annual Net Profit:
£20,000
REF: S07819

Overview

Tenure:
Relocatable
Established:
2014
  • Excellent reputation with a loyal customer base
  • Huge growth opportunity
  • Equipment included in price
  • Low overhead costs
  • Secure contracts in place

Armed with all the photographic essentials such as a camera, lights, large backdrop, props, printer with unlimited prints, and smart software, the business for sale specialises in capturing high-quality, entertaining photos at a wide variety of events across the UK.

The company is distinctive in that it offers a custom made, open pod-style booth setup, versus the traditional closed booth which both limits capacity and requires significant space. Openbooths has therefore proved incredibly popular due to the ability to easily adapt the equipment to any venue size or lighting conditions. Additionally, clients love the fact that the photobooth is simple enough for guests to use unattended yet is premium enough to capture photos which rival a human photographer.

The business’s simple, all-inclusive, and fully customisable packages have become the talking point of a vast range of events, including weddings, receptions, parties, and corporate events, consequently creating amazing and long-lasting memories for guests to treasure. Overall, this is a brilliant turnkey opportunity which is brimming with potential and comes at a very competitive price.

The business does not come with any fixed premises in place due to the nature of its activities, which instead require the owner-operator to travel and attend events as requested by clients. Because of this, the business is entirely relocatable and can be run from a location of the buyer’s choosing. The company’s website is of an impeccable standard and works in complete harmony with the business’s activities, showcasing its fantastic imagery with concise, engaging explanations of the photobooth set up and generating approximately 500 enquiries per year.

A superb collection of professional equipment is included in the asking price and a full inventory is available from the vendor upon request. Furthermore, the vendor has already secured 55 contracts for 2021 and 5 for 2022, all secured with deposits and invoicing at £27,000, all of which will be passed on to the new owner. The possibility of a transitional period is yet to be determined.

This is the perfect opportunity for an existing operator in the events industry to expand their services and grow their enterprise. It would also be brilliant for a photographer who wishes to branch out into the exciting events market through an in-demand photobooth service. The buying price includes 2 full booth setups, one of which was only purchased in 2020 and will allow the buyer to take on 2 contracts simultaneously, thereby increasing revenue.

Further growth strategies include developing a strong advertising campaign to raise awareness of the photobooth services and generate new client leads. The buyer could also attend trade fairs to network with other businesses and attendees in the events industry, as another method of boosting the customer base. The vendor works on the business 3-4 days per work, thus making it an ideal bolt-on acquisition. However, a buyer could also work on the business in a full-time capacity or recruit staff to achieve these extra hours and turnover.

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  • Relocatable
Rent
N/A
Rates
£0
Lease Term
N/A
Lease Expiry
0
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
This business does not require an EPC

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
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