The Lumen Room – Austin
franchise for sale in Austin, Texas
List Price: $175,000 USD
Key Facts
Annual Gross Revenue
$125,373 USD
Cash Flow
$50,000 – $100,000
Seasonal Business
No
Value of Inventory
Less than $25,000
Value of Assets
$0
Year Established
2021
Business Operates From
A retail location
Location Is
Leased
Approx. Monthly Rent
$3,500
Total Employees
Less than 10
+3 MonthsTransition
Support
SomewhatPrice/Terms
Flexibility
NoneSeller financing Available
PassiveOwner
Involvement
About this Business
A photography studio & A small event venue available for hourly reservation.
Each space is designed with clean, bright, natural light in mind and includes a variety of furniture and design pieces to be utilized by guests.
Photographers, content creators, parents of young children, event planners, small businesses, etc. can reserve our spaces by-the-hour to bring their visions to life and capture them beautifully with ease.
Growth opportunities
New owner will have rights to Travis County to open additional spaces. Improvement opportunities in existing location is providing local customer support (if owner is in the Austin area) and prospect for additional space to provide additional options for Austin creatives.
Owner's Day-to-Day Involvement
We remotely operate this space and have done so since opening. We currently manage reservation changes, custom bookings, and customer feedback. We visit the space twice a year for Christmas setups and space modification reviews.
Additional Info
This is an 1100-square-foot studio offers a clean modern aesthetic. The large window faces southwest and provides diffuse light in the mornings and direct light in the afternoons. This location is part of a larger network of studios from a well known brand in Texas, but it isn't listed for events due to size constraints and lack of storage for existing inventory, but we've hosted small parties, workshops, and gatherings.
Asset Description
Asset Light
Inventory Description
Austin Rolling backdrop wall: $3000 Makeup Mirror: $250 C stands: $150 Green couch: $1200 wood chair: $150 White 4ft table:$150 Barrel chair: $450 Grey Leather couch: $1200 Electric Shade: $2500 Wooden Stool: $150 Rattan chair: $450 Posing blocks: $600 Wooden end table: $150
Reason for Selling
We are shifting our focus to franchising and are looking to add franchisees here in Texas and beyond. By shifting our energy and efforts to franchising, we are looking to change our daily responsibilities to franchisee development and support. To do so, we need to scale back our corporate operations and activities to have the bandwidth necessary for franchise development.
Why I Love My Franchise
The photo studio and event rental space has provided our family financial freedom and incredible flexibility. Our goal is to provide franchisees the same amount of flexibility and financial reward as we have experienced by offering a business model that's both unique and exciting. We are unlike any existing franchise business and we are looking to truly redefine success within franchising.