Lock and Security - Long Established

Asking Price$650,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,085,607

InventoryNot Disclosed

FF&E$50,000
Included in asking price
listing imageSave

Lock and Security - Long Established


Asking Price$650,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,085,607

InventoryNot Disclosed

FF&E$50,000
Included in asking price
Business Description
Lock and Security - Long Established,
Sells and installs commercial building security products. Products include mechanical, electronic, and electrified locks, mechanical and electrified panic bars, mechanical door closers, electrified door operators for ADA compliance, various types of door hinges, various types of protective door hardware, hard-wired and wireless cloud-based and standalone electronic access control systems and hardware , standard and high security restricted commercial keys, master key systems for commercial buildings, schools, and municipalities, and doors for office buildings, storefront businesses, and industrial warehouses, consisting of hollow metal, glass-aluminum, and wood. Cores fire rated doors to install access control, relabel the door after coring, and maintain fire and life safety code.
The main clients and client types that contribute to consistent revenue are property management companies, building engineering companies, commercial property development and construction companies, and commercial property owners. In addition, other client types include schools, churches, federal government, biotech, restaurants, property maintenance companies, automotive dealerships, community centers, and retail. Each client type has doors, door hardware, locking hardware, keys, master key systems, and access control systems that need attention. and property owners. -

The predominant trends in the lock and security market are the reduction of mechanical keys for various types of clients such as Biotech in favor of access control, ADA compliance with door operators, and ease of use overall when it comes to software. Other clients, such as HOAs, sometimes prefer restricted high security mechanical keys versus an - electronic solution. Electronically, everything is going to cloud-based software and requires a subscription on a monthly or annual basis - which provides recurring revenue. Reducing the mechanical keys provides much more control over security and ease of use when employee or tenant turnover occurs.

The company maintains certain items in stock that are routinely needed or requested by customers, specifically key blanks, key cylinders, locks, and certain types of door closers, standard mechanical commercial door hinges, electronic safe locks, and various smaller parts for door locks, panic bars, and doors. Other types of items that are procured on an as needed basis include panic bars, ADA door operators, specific restricted key cylinders, electrified locks, electrified hinges, continuous hinges, weldable gate boxes, access control system products including power supplies, relays, and various types of required wire.. We know through experience that these types of items will continue to be needed. Inventory can run from ~ $20,000-$75,000 depending on time of year and customer mix.

The company has established strategic industry relationships with suppliers including Wesco/Anixter, Intermountain Lock and Security Supply, Access Hardware Supply, U.S. Security Supply, Thompson Building Materials, and Foundation Building Materials. The company has also established strategic industry relationships with Allegion, General Lock, Prodatakey, ButterflyMX, and Alarm Lock. The company received a sales excellence award from Wesco Anixter for being in the top 30 customers nationwide in 2023.

The company culture is one of friendship, mutual support, attention to detail, pride of craftsmanship, and teamwork, relaxed yet focused. The current team of seven have ten to thirty years’ experience in the lock and security industry, office management and bookkeeping, and commercial property management. New Employees are generally trained on the job, through classes both in-person and online, as well as working.
About the Business
Years in Operation
3
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
950
Rent
$2,000.00 per month
About the Sale
Seller Motivation
Retirement
Transition Support
4 weeks
Listing Info
ID
2458620
Listing Views
23

Contact Seller

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Business Listed by: Marshall Pollock Transworld Business Advisors

Listing ID: 2458620 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.


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