Online/Brick & Mortar Camera Retailer - 50+ Year Heritage
This Online/Brick & Mortar camera retailer specializes in high-end consumer and professional grade cameras, lenses, and accessories. They are a dealer for most of the top, premium brands including Cannon, Nikon, Sony, GoPro and more. Accessories include everything needed to create and publish spectacular images. Well-established on Long Island, they have expanded beyond their physical space with by adding a successful online retail presence. Both online and retail have reputations for expert knowledge and excellent customer service.
This is an excellent opportunity for an existing retailer to increase sales and cash flow by expanding within or entering the lucrative New York market while simultaneously enhancing their Internet presence. It also is an opportunity for a photography-loving entrepreneur to profitably pursue their passion.
2020 (Covid) sales hit $2.5 million while 2021 topped $3.3 million.
Estimated In-Store/Online Sales Breakdown:
Online: 40% (Website - 20%, Amazon - 10%, eBay - 10%)
Asking price is $600,000, not including inventory valued at approximately $800,000 (inventory can fluctuate and will adjusted accordingly).
Retail storefront plus storage.