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Emmy Winning Video Post Production and Media Services

New York, NY
4K Color Grade Suite
Asking Price:$550,000
Gross Revenue:$455,000
Rent:$10,839/Month
Established Year:1987
Cash Flow:$125,000
Inventory:$5,000
FF&E:$350,000
Listing ID: 2088153Listing provided by BizBuySell
BUSINESS DESCRIPTION

Chromavision Corp, a video post production facility, with a diverse group of clients in New York City and internationally. We offer varied services including Color Correction/Color Grading, audio mixing, editing, Blu-Ray/DVD authoring and services specific to the entertainment industry.
Additionally, Chromavision provides Digital Archiving services in one of the last complete Technical Machine Rooms in the City.

We primarily work in the Adobe Creative Cloud suite (including Premiere and AfterEffects, as well as Photoshop, Illustrator, Acrobat, etc.), and a comprehensive 4k DaVInci Resolve system. There is also usage of video/audio specific softwares for both Mac and PC.
We recently won an Emmy Award for Color Grading and Surround Sound Mixing for The Real Bedford Falls: Its A Wonderful Life.

Chromavision was established in the mid 1980's. Back then the company was providing services for Music Videos, Commercials and Documentary Films. Today the company services numerous Independent Film Distributors, Film Makers and Corporate clients. The company is now getting into AI software to complement its services. With the new AI software its possible to up-convert video done in the 1990s to 4k, a 27x up-conversion and maintain all the detail in the picture.

Chromavision also provides Production services on a limited scale working with a few non-profit organizations or producing Video Podcasts

DETAILED INFORMATION
Location
New York, NY
Inventory
Included in asking price
Real Estate
Leased
Building SF
3,250
Lease Expiration
31/07/2026
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Chromavision sits on 3200 sqft and encompasses (2) dedicated Video editing rooms, a 4k Color Correction suite, a Technical Machine room with VHS, HDCam SR, (2) Teranex's, legacy fromatly lik D2, 1" and many more. Additionally there is an office with ingest computers and DCP finishing tools. The 4k Color Correction Suite also doubles as a DCP screening room with surround audio playback. There are also (2) audio mixing rooms and also (2) Voice over booths, one having a large size.
Competition
Market conditions for the business are good, in that there is a huge amount of programs being produced now, for streaming. More films are being made for the same reason. Our main focus involves the finishing of shows an movies. This involves Color Grading, Sound Mixing, Mastering and Deliverables.
Growth & Expansion
What is required is very good sales to reach out to new customers. There is plenty of business out there. Additionally, should the new owners require more space to build profit making space, the Radio Wave Building, the building in which the company is now located, has space to rent.
Support & Training
We can spend time with the new owners, introducing them to clients and teaching them how tings work in facility. The current owner will stay with the new owners for as long as it takes.
Reason for Selling
Retiring
BUSINESS LOCATION
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Bruce Testa
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