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Famous Camera And Electronics Business
Location: United States -> New York -> Other New York -> Long Island
Industry: Retail > Computers and Electronic Equipment Retail




Business Summary

A family owned business since 1951 The Company is not only the leading camera electronics dealer on Long Island, they are well known throughout the Country and Internationally as well.
They have an excellent reputation for having knowledgeable salespeople, competitive pricing and a stock of all the major brands including all the hard to find accessories' like Underwater Housings and Underwater cameras as well as cellphones and tablets.They have 2 locations on Long Island. Their staff consists of professional photographers, Videographers and Astronomers who have all been shooting for many years. They sell great Telescopes and high-end binoculars for birders and other enthusiasts. They have many exclusive Dealerships which are very hard to get and quite profitable. Whether you come into the store or call them on the phone or purchase from their internet site you get the same great service. The Managers are always on site and most of the customers know them. They service many Schools, Institutions, Industrial Accounts, Newspapers and businesses throughout the country over the phone or from their website. They always go out of their way to go the extra mile for every customer. If they call at 6pm and UPS has already picked up and they need it next day air they will drive it down to UPS. If they are going away and their camera is in need of repair they get the repair expedited or loan them a camera for their trip. The Owners also have a School of Photography that starts clients off with beginner classes ( two classes Free with purchase ) and can then take them up to Professional status with Photoshop, Lightroom, Nature and Sports Photography and up to 50 more classes are available. WHAT SETS THIS BUSINESS APART ( IN ADDITION TO COMPETITIVE PRICING ) IS THE FACT THAT THEY INCLUDE 2 FREE CLASSES WITH A PURCHASE OF A NEW CAMERA.
THIS FEATURE WILL CONTINUE WITH THE SALE TO A NEW OWNER.

Listed Price: $ 999,000
Down Payment: $ 500,000

Contact Mel 212-661-4160


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $7,850,000
Cash Flow:   $355,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $1,649,000
Seller Financing:  Yes

About The Business

Year Established:  1951
Number of Employees:  20 - 34
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  SELLERS WILL COMPLETELY TRAIN
Reason For Selling:  RETIREMENT

Photos

View Larger Photo(s) Of Business
Famous Camera And Electronics Business Photo 1




Print Listing Id: 700202076
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