IM Studios Resort Photo & Video
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Seed round USD 94,800 Confidential · 2026
IM Studios Resort photo and video studios

Resort-grade pictures, made on the island.

IM Studios runs photo and video teams inside the resorts of North Malé and Baa Atoll, and an in-resort guest studio at You and Me Maldives. Content for resorts every week, shoots for guests every day, one company.

USD 41.6krun-rate revenue a month
8anchor resorts
Month 1operating cash positive
Malé · Dharavandhoo · You and Me Maldives Press → or swipe to begin
01 · The opportunity

Every resort needs pictures every week. Nobody is on the island to take them.

Resorts fly in freelancers for campaigns and rely on phones in between. Guests book once-in-a-lifetime trips and go home with holiday snaps. Both problems have the same answer: a professional team already on the island.

Content never stops

Social feeds, listings, new villas, menus, seasonal campaigns: resorts need fresh photo and video weekly.

Fly-in crews are slow and expensive

Flights, boats, rooms and schedules; a two-day visiting shoot costs what an island team charges for a month.

Guests want it, resorts rarely offer it

Weddings, proposals, honeymoons and anniversaries are the highest-value moments of a trip and usually go unphotographed.

What clients buy

a shoot they can book this week, delivered edited within days, at a fixed price.

02 · Market and timing

A tourism economy that never stops posting.

2.25M tourists
Tourist arrivals in 2025, up 9.8%
178resorts
with 44,697 beds total
1.6M guests
stay at resorts annually (73% of arrivals)
?
resorts in Baa Atoll and North Malé (research)

Why now

Content spend is shifting to short video, resorts under occupancy pressure need distinctive content, and mirrorless and drone kit makes small island teams viable.

Sources: Ministry of Tourism 2025 arrivals via Hotelier Maldives; Raajje.mv and Travel Trade Maldives for resorts and beds (2025).

03 · What IM Studios is

Three studios, one island company.

Malé hub

North Malé Atoll

Baros, Banyan Tree Vabbinfaru, Dhawa Ihuru, Safari Island

Studio Manager, Photographer, Videographer

Dharavandhoo base

Baa Atoll

Amilla Fushi, Finolhu, Dreamland, island shoots

Photographer, Videographer and drone operator; managed from Malé

You and Me studio

in-resort guest studio

Direct bookings plus three event channels

Photographer, Studio Manager

Client books
team on the island the same day
shoot
edit
delivery within 3 days
04 · Services and prices

Fixed prices, fast delivery.

USD 600
Resort content shoot

Half-day, photo and video, edited set

USD 600
Guest and event shoot

Weddings, proposals, anniversaries

USD 350
IM Maldives package

Bundled with honeymoon packages

USD 250
Island shoot

Dharavandhoo base

USD 10,000
You and Me guest studio monthly average
05 · Anchor clients

Eight resorts, forty shoots a month.

ClientStudioPriceShoots/moRevenue/mo
Baros Maldives Malé 600 7 4,200
Banyan Tree Vabbinfaru Malé 600 5 3,000
Dhawa Ihuru Malé 600 3 1,800
Safari Island Malé 600 3 1,800
Amilla Fushi Dharavandhoo 600 7 4,200
Finolhu Maldives Dharavandhoo 600 5 3,000
Dreamland Resort Dharavandhoo 600 5 3,000
Dharavandhoo island shoots Dharavandhoo 250 5 1,250
Total 40 22,250

Monthly averages per the client agreements; confirm minimum commitments.

06 · The in-resort studio

A studio where the guests already are.

USD 10,000
direct guest bookings a month
3event channels
growing 2 to 6 shoots a month each
USD 19,300
run-rate by month 12

Ikebana event promo

bookings at USD 600

IM Maldives bookings

USD 350 per honeymoon package

Asad Photo referrals

USD 600 per shoot

Concession to the resort is 25% of direct bookings (placeholder).

07 · Team

A head office of five and three island teams.

Ibrahim Assad

MD & Founder

20+ years as a professional photographer in the Maldives. Operated photo studios at multiple resorts. Portfolio includes 1,000+ luxury destination weddings, corporate events, honeymoon and travel shoots. Hands-on operator and end-to-end project manager.

Abdula Nashid

Board Member & Investor

Founder and CEO of the Maldives' leading wedding and events company. Sole supplier of event flowers to every island in the Maldives. 15-year portfolio of island buyouts, luxury proposals, destination weddings, and corporate events. Provides market access and strategic guidance.

Areef

Founder, IM Studio

16+ years operating photo studios across Maldivian resorts (6+ studios). Established travel agency partner providing referral bookings and cross-promotion. Brings operational continuity and strong client relationships.

Head Office (month 1 to 5)

MD, Marketing and Operations Head USD 1,200/mo
Operations Manager USD 1,000/mo
Finance Director USD 800/mo
Operations Director USD 800/mo
Head office months 1–5 USD 3,800/mo

From month 6

Communications team member USD 600/mo
Head office from month 6 USD 4,400/mo

Malé team

Studio Manager800
Photographer800
Videographer800
Total2,400

Dharavandhoo team

Photographer800
Videographer & drone op800
Total1,600

You and Me team

Photographer800
Studio Manager1,000
Total1,800
+USD 200 to the Operations Manager per additional studio Communications hire from month 6
USD 10,600
staff cost, month 6+ (≈ USD 127k per year)
08 · Unit economics

One resort shoot, USD 387 contribution.

Malé resort shoot

Price600
Staff cost per shoot133
Transport80
Contribution387
Margin64%

Dharavandhoo

Resort shoot price600
Staff per shoot73
Transport80
Contribution447
Island shoot price250
Staff per shoot73
Transport20
Contribution157
09 · Revenue by studio

USD 41.6k a month at run-rate.

Malé USD 10,800
Dharavandhoo USD 11,450
You and Me USD 19,300
Total run-rate USD 41,550
10 · Twelve-month forecast

Cash positive from the first month.

QuarterRevenueStaffOther costsNetCumulative
Q1 86,263 30,000 25,515 30,747 30,747
Q2 112,250 30,600 28,050 53,600 84,348
Q3 118,450 31,800 28,290 58,360 142,708
Q4 124,650 31,800 28,530 64,320 207,028
Year 1 441,612 124,200 110,385 207,028 207,028

Resort shoots ramp to average by month 3; event channels ramp 2 to 6; placeholder costs included.

11 · Margins and cash

Fifty-two percent at run-rate, after the costs we assumed.

52%
run-rate margin
USD 207k
year-1 net
USD 110k
of year-1 cost is placeholders
USD 317k
year-1 net with known costs only

Why we show the lower number

Placeholder costs are real assumptions we made on transport, concessions, equipment renewal, rent, software and marketing. We show the conservative picture to prove the model holds even if placeholders land differently.

12 · The ask

We're raising for growth and gear.

USD 94,800
≈ MVR 1.46M
Equipment (3 studios × USD 20k)
USD 60,000
Working capital (3 months of staff)
USD 31,800
Legal and setup
USD 3,000
Instrument

Equity 15 to 20% or SAFE, to decide

Use

Equipment, working capital, and legal setup

Returns

Operating cash from month 1 supports early dividends or reinvestment in a fourth studio

Exit

Regional media or hospitality-services group, or roll-up with sister businesses

13 · Roadmap

From launch to region.

Months 1 to 3

Teams hired, equipment in place, eight anchor contracts live, You and Me studio open, resort shoots at average by month 3.

Month 6

Communications hire, event channels at 4 a month.

Months 7 to 12

Event channels at 6 a month, retainer packages offered to resorts.

Year 2

Fourth studio (South Malé or Ari Atoll), content calendars for resort groups.

14 · Risks and mitigations

Planning for what could go wrong.

Seasonality (monsoon occupancy dips)

Mitigation: Retainers and content calendars smooth demand.

Client concentration (eight contracts)

Mitigation: A pipeline of the next six resorts and the guest studio as a second leg.

Key staff retention

Mitigation: Two-person minimum per studio and cross-training.

Weather and logistics

Mitigation: Scheduling buffers, drone permissions, rain-day editing.

Equipment loss

Mitigation: Insurance and the renewal fund.

Let's put a professional behind every camera on the island.

Overview

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