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Opportunities

Make $2,000/month with Absentee Photo Booth

Sold

50 booked jobs per year with absentee ownership!

CASH FLOW
$20,604

Specifications

  • Price
    $39,000

  • Revenue
    $42,834

  • Equipment
    $59,084

  • Down Payment
    30%

  • Inventory
    Props

  • Location
    Omaha

  • Multiplier
    1.50

  • Employees
    2 (1099 contractors) to work events

  • Profit Margin
    53%

This fun photo booth rental business books an average of 50 jobs per year under absentee ownership. The first of its kind in Omaha, the company lends itself to flexible scheduling and extra income. Events are worked by 2 attendants on a contracted basis, who are also handle set up and removal of booths.

Jobs are split 50% weddings and 50% corporate, with the average billing at $699. Expenses are low, driving a huge profit margin of 61%. The company also has a booth placed in a local business that brings in good money during the College World Series.

In operation for 9 years, the current owner purchased it in 2016 and is looking to sell in order to gain capital for new investments. Listed at a phenomenal price, a buyer will gain a great side business for extra income. Someone looking to earn more could work events and rely less on employees.  This is an excellent chance to take a creative company and grow it in many ways.

Business Highlights

  • Years in Business: 9
  • Location and Service Area: Omaha
  • Number of Clients: 50 jobs per year
  • Events: Weddings, corporate, graduation parties, Bar & Bat Mitzvahs, proms, quinceañeras, festivals
    • 50% weddings / 50% corporate
  • Services: Customized photo strip artwork, scrapbook, instant prints, props, B&W or color pics, set up & removal of booth(s)
  • Reason for Selling: Spouse Health Care
  • Employees: 2 (1099 contractors) to work events
  • Seller Training Period: 90 days – simple training on software and printers that run machines; transporting booths
  • Growth Opportunities: Book more events, hire more workers for events, increase digital ad buying, become preferred vendor for popular venues, expand to open photo booth rentals, expand service area
  • Current Owner’s Responsibilities: Mostly absentee

Financial Highlights

  • List Price: $39,000
  • 2017 Gross Sales: $42,834
  • 2016 Gross Sales: $42,099
  • 2017 Cash Flow: $20,604
  • 2016 Cash Flow: $28,330
  • 53% Profit Margin
  • Assets Included in Purchase: $59,084
    • Equipment: $59,084 – 4 photo booths (1 is installed in a local business), trailer, computers & equipment
    • Inventory: Props

Cash Flow Analysis

Description of Financial StatementP&L StatementTax ReturnTax ReturnNotes
201820172016
GROSS SALES$20,100$42,834$42,099
Net Income Shown on Financial Statement$10,718$20,604$17,033
ADDBACKS
Interest$0$0$1,791Non-onward going expense
Depreciation$0$0$7,201Non-cash item
Amortization$0$0$2,269Non-onward going expense
Meals & Entertainment$0$0$36Personal expenses
TOTAL ADDBACKS$0$0$11,297
Seller's Cash Flow = Total Addbacks + Net Income$10,718$20,604$28,330
Profit Margin53.32 %48.10 %67.29 %

 

  • 53% profit margin under absentee ownership

Income Analysis

  • July – the highest income-producing month at $6,140 – earned a 60% profit at $3,680
  • February showed the best margins at 87% - demonstrating that keeping costs low creates a great return

Services

  • Unlimited photo sessions
  • Customized photo strip artwork
  • Scrapbook
  • Instant Prints
  • FREE digital copies for client & guests
  • FREE Photo web hosting
  • Booth attendant
  • Props (tiaras, boas, animal noses, funny hats, and more)
  • Transportation, set up, & removal of booth
  • Award winning photo clarity
  • B&W or Color Pics

Customization:

Access pictures from smartphones or computer to use on social media or email.

Brand photo booth(s) - custom wrap a company’s logo all over the photo booth and even on the back wall

Growth Opportunities

  • Work events without contract labor
    • Expenses are very little, so a new owner could net almost the entire event fee
  • If you continue with using contract labor, simply book more events
    • Opportunities abound in school events, fundraisers, conventions, weddings, corporate parties and meetings, anniversaries and birthdays
  • Most marketing is word of mouth
    • Increase presence on social media
    • Utilize Instagram
      • This business perfectly fits into that platform, and the more followers you get more coverage and ad space will come
  • Become a preferred vendor
    • Developing relationships with venues, party planners and caterers should lead to more jobs
  • Expand to open photo booth rentals
  • Expand service area
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Click to download NDA form

Print, sign and send to:

210 N 78th St. 2nd Floor
Omaha, NE 68114

Or fax to:

f 402.939.0857

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The Firm makes no warranties or representation in consideration to the information provided above. All communication regarding this business must occur directly with The Firm Advisors, LLC. The Firm is not a real estate brokerage and does not sell real estate. The Firm solely advises on exit strategy.