What should I check about a photography studio’s backdrop and lighting inventory?
Ask for a list of every backdrop, stand, strobe, modifier and battery, then see each item working in the studio. Match the list to what the sale includes, and ask which pieces are owned outright, leased or belong to a photographer rather than the business.
Start with the list, then ignore it and walk the room. Lighting gear gets bumped, dropped and left on shoots, so what the seller remembers and what is on the shelf often differ. Fire every flash, check modelling lamps, look at cables for fraying and ask how many spare bulbs and tubes the studio keeps.
Backdrops are consumables. Paper rolls get used up, cloth gets creased and painted canvases fade or crack. Ask how often they are replaced, who pays for it, and whether the favourite colours that regular clients request are actually in stock.
Then separate what the business owns from what merely sits there. A lead photographer may bring personal bodies, lenses or strobes that leave with them. Check for equipment loans or leases with a lender still holding a claim over items. Ask for receipts on the larger pieces and see whether the insurance schedule names them. Finally, think about the cost of keeping the kit working. A tidy inventory with ageing strobes may need replacing sooner than the seller’s forecast suggests. Your accountant can help you decide how to treat that in the price discussion.
Key takeaways
- Test every light and inspect every cable yourself rather than relying on the seller’s list.
- Treat paper, cloth and painted backdrops as consumables with a replacement cost.
- Confirm in writing which gear belongs to the business and which belongs to individual photographers.
- Check for leases or liens on larger equipment before closing.
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Due diligence
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 02Business Development Bank of CanadaGovernmentEquipment valuation: How to do it
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