Photographic Equipment Company for Sale in Dubai, United Arab Emirates

We are full service Photographic support services provider, assisting our customers with cameras, lighting, equipment & studios both in rental and sales. Our main income stream comes from returning customers trusting us for their ongoing photographic productions. With our rental and crew services being the base we built our company on, we have managed to develop our sales division over the last 5 years to become a trusted partner for industrial and retail customers looking for high end camera and lighting equipment. Our customers range from individual photographers starting out their professional journey to national government institutions looking for complex solutions to solve specific requirements. We now supply goods and services throughout the G. C. C. across all three areas of operation - Rental, Sales & Digitization and have significant opportunities for growth; particularly in the KSA. - The business has over 2,000 items, primarily generating a steady revenue stream from rentals. The replacement value is 8 million AED, while the book value is 1.5 million AED.
- List can be provided to the interested buyer. We are based in Dubai, operating from the same address since 2011. The warehouse complex we operate from allows us to expand as we develop. Opening our first studio in 2011 of 2400 SQFT. We have added an additional 3 studios, expanding us to our present 7200 SQFT. The ground floor covers the Studios and Rental department, with a Sales area in the reception. The first floor houses Admin, Offices, Storage and our Digitization / Cultural Heritage lab area. The leases renew annually as is normal for the UAE. The business is self funding. There are no external loans for cash flow or capex. The company has 3 smaller auto loans, mainly taken out from an operational perspective. All assets of the company are paid for in full. The average AR balance is 1 mill AED and average AP balance is 400k AED. The business is owned by 2 partners, UK nationals, each holding 50% of the capital.