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Asset-only sale - photography & film studio

Reference
S11942
Turnover
£0.5m to £1m
Sector(s)
Advertising & media, Automotive, Business services, Creative industries, Food & drink, Miscellaneous, Service industries, Technology
Region(s)
South East England
Added
13 September 2024

Business description

Established in 2023, the studio has swiftly built a strong reputation and achieved impressive financial performance, with a turnover of £750,545 and a pre-tax profit of £194,429 in its first year.

Its strategic location near major automotive import/export hubs offers promising revenue opportunities from car manufacturers and provides ample potential for future expansion

The current owner is shifting their business strategy, leading to the studio being underutilised despite its significant growth potential. This sale presents an exciting opportunity for a buyer to leverage the studio's established success and capitalise on its future prospects.

Highlights

  • Spanning 6,000 sq. ft., this newly refurbished studio stands out with unmatched features in its 60-mile radius. It boasts vehicle drive-in access, ceilings exceeding 13 meters in height, and full blackout capabilities, making it ideal for high-end productions
  • The studio includes a comprehensive array of amenities: 4 toilets, a stock room, CCTV coverage both inside and out, a steel-bolted safe, an intruder alarm with monitoring, 2 kitchens, a shower room, a changing room, 2 hair and wash stations, 2 large photographic infinity coves (suitable for vehicles), lounge sofa areas, workspaces, a reception desk area, and a second-level open-plan office with a large boardroom and manager's office.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2023 (Actual) 750,545 249,934

Opportunities

  • The business has consistently operated with high efficiency, making it well-positioned for natural expansion. While growth has been organic thus far, introducing planned marketing campaigns to attract new clients will enhance the studio's presence across various industries, providing an opportunity to diversify and increase market reach.
  • The studio's size, strategic location, and minimal competition offer substantial potential for growth. A new owner could capitalise on this by increasing occupancy rates, expanding internal office spaces, or further developing additional services such as set design and construction.

Prospective purchasers

  • The studio is ideally suited to target markets including fashion, automotive, and manufacturing sectors, all of which have a consistent need for high-quality content production. Additionally, media agencies looking to lower production costs by establishing in-house facilities represent a promising client base.

Reason for sale

The current owner is shifting their business strategy, leading to the studio being underutilised despite its significant growth potential. This sale presents an exciting opportunity for a buyer to leverage the studio's established success and capitalise on its future prospects.

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