Asking Price: $829,000 Gross Revenue: $1,300,000Cash Flow: $275,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $75,000 not included in asking priceFF&E: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Highly profitable and well-established commercial locksmith business for sale. Owner works 4 hours/day and is willing to stay on.
Perfect opportunity for an investor who would make $200,000/ year in profit after paying owner and operating expenses (and more if expand the business). Owner can guide you how to purchase smaller competitors to leverage the value of their key client contracts.
The company has been around for decades and has some of the largest corporate and non-profit accounts in the tri-state area, many of which have trusted this company for all their locksmith needs for years.
The company services the 5 Boros, New Jersey, Westchester, and Long Island.
Services include: Keying, safe work, doors and frame, electronic security, welding, CCTV and more.
The company is on-call for their clients 24/7 and has 5 mobile repair shops (trucks) to dispatch for jobs.
About the Business
Number of Employees:
Current owner owns the building and would provide favorable lease terms.
Growth & Expansion:
Huge opportunities to add on traditional locksmith services such as house calls, keymaking, expanding the walk-in business, advertise, etc.
Profitable Investment - Absentee Commercial Locksmith Business
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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
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