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Iconic Boston Area Photography School For Sale

Waltham, Massachusetts
Asking Price:
$1M - $5M Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Available on request
Cash Flow:
Available on request

A well known and highly respected small photography school that has been in business for 50 years. The school enrolls students from all across the U.S.A. and the world, is accredited and accepts Title IV financial aid and V.A. funding.

Property information

Real Estate:

Lease

Lease Terms:

10 year base lease with fixed increases every 2 years through November 2027. In addition, there is a tenant option for a 5-year extension at a negotiated market rate.

Leasehold Rent:

$324,000 per annum

Location:

Waltham is a growing suburban city on the west side of Boston. Moody Street is a bustling street with many restaurants as well as other art-related businesses.

Premises Details:

The school has a beautiful glass frontage that is inviting both for students as well as visitors to the school's gallery. The ground level floor has high ceilings, and houses offices, studio spaces, and a student lounge. The lower level is made up of classrooms, computer labs, and a newly built photographic darkroom facility. The school totals approximately 15,000 square feet.

Size in square feet:
15,000

Business Operation

Expansion Potential:

The most likely expansion would not be physical space expansion. Adding additional programs in photography, or related fields would be one potential source of expansion, as would adding on-line educational programs.

Competition / Market:

There are no other similar businesses in the New England area, and very few anywhere in the world. Many universities have photography programs, however none of those offer the depth of programming in the field that this school provides.

Reasons for selling:

I'm planing to retire in the next few years.

Trading hours:

7 days/ week. Generally 8:00am - 10:00pm daily. Hours vary and fluctuate.

Employees:
10 Full-time, 30 part-time
Years established:
50

Other Information

Support & training:

Any support that a prospective buyer would need could be provided. An outstanding staff is in place that would allow the business to run smoothly during any transition.

Furniture / Fixtures value:
$75,000 - included in the asking price
Inventory / Stock value:
$300,000 - included in the asking price
Website:
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