Comprehensive Locksmithing Services and Products Provider.

Asking Price$185,000

Cash Flow
$76,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$165,000

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

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Comprehensive Locksmithing Services and Products Provider.


Asking Price$185,000

Cash Flow
$76,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$165,000

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
The Company offers a wide array of locksmithing products and services, catering to both residential and commercial security needs. Their inventory includes door handles, locks, safes, keys, car keys, door closers, padlocks, ignitions, and car door cylinders. They emphasize efficiency and competitive pricing, offering prompt service with minimal waiting times for appointments. The business is fully independent, managed by two owners who individually oversee office operations and service-related tasks. All necessary equipment for daily operations is included in the sale, ensuring new owner can seamlessly continue workflow without additional investments.

The Company actively utilizes social media as its primary marketing channel and engages in community contributions to schools and charities, enhancing brand awareness. They also aim to diversify services by expanding safe sales and maintenance offerings, attracting more commercial clients, and exploring universal car key production options to optimize costs. Operational inventory is reviewed bi-weekly for replenishment, ensuring consistent availability of critical products. While no specialized locksmithing expertise is required to operate the business, quick learning, research capabilities, and familiarity with identifying lock parts are advantageous.

Expansion opportunities exist through targeted marketing efforts, acquisition of additional property management clients, and the implementation of a designated inventory tracking system to enhance operational efficiency. The business, which could also be operated by one individual, is positioned for growth with its streamlined facility and established customer base.
About the Business
Facilities & Assets
The Company operates as a fully independent business and includes all necessary equipment for its daily operations. They do not use a designated inventory tracking system but conduct regular bi-weekly reviews to assess stock levels and replenish items as needed. Prospective buyers will inherit a streamlined facility setup conducive to efficient workflow, minimizing delays in delivering services. Opportunities for improvement exist in inventory management systems, which could enhance operational efficiency and reduce stock-related issues.
Market Outlook / Competition
This established locksmith business holds a strong market position with limited local competition and benefits from exceptional visibility, strategically located on one of the busiest streets in town. It is renowned for its competitive pricing and swift, reliable service, ensuring customer needs are met promptly and efficiently.
Opportunities for Growth
Significant opportunities for growth and increased revenue are readily available for a new owner. This includes expanding the existing client base through targeted outreach to local property management companies, broadening the reach within the thriving commercial sector, and further diversifying service offerings to include safe sales, installation, and maintenance.
About the Sale
Seller Motivation
Personal family reasons.
Transition Support
Seller is available to train the new owner up to 3 months.
Financing Options
Business is set up for SBA financing
Listing Info
ID
2404170
Listing Views
97

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Business Listed by: Ton Moon Peak Biz Brokers & Advisers

Listing ID: 2404170 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.