Asking Price: $335,000 Gross Revenue: $485,170Cash Flow: $187,983 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $75,000 included in asking priceFF&E: $154,670 included in asking priceReal Estate: Not Disclosed Share 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.
Tallahassee Locksmith Shop For Sale! Well known throughout Tallahassee as the "go to Locksmith Shop!" Great reputation for fast, professional, reliable services at very fair prices. Serving Tallahassee and North Florida with services ranging from Access Control, Exit Control, Automotive Transponder and Factory Remotes. Large walk in retail showroom with over 150,000 key blanks and plus everything imaginable related to keys, locks, knives, sharpening supplies, safes and accessories. Also offers extensive tool sharpening services. Turn key deal with great seller support and transition assistance.
About the Business
Number of Employees:
The store's location in Tallahassee is about as good as it gets! This location has been a locksmith since 1980 and a locksmith/sharpening shop since 1987. Current owner has operated at this location since 2000. Space of 3,000 square feet, 1,000 of which is the showroom. Walk in shoppers number 75 to 125 per day. Location is close to large government centers, office complexes and retail/commercial stores. Rent is surprisingly low at just $7.04 per square foot. Front door parking on busy main artery with over 20,000 cars per day driving by.
There are 5 locksmiths in the Tallahassee area which have walk in shops. This business is the largest and most complete shop in the area! Two of the other shops have limited services and the other two are set up for outside services. This business is the only shop in the area that makes retail a large, successful part of its operation.
Of course, there are a dozen or so "mobile" locksmiths and handy men that offer locksmith "services." Some have training and skill while others are "winging it."
The sharpening division of the business is sort of "lost art form." There is no measurable competition and what little exists is merely a side line of a key shop. This business is the only fully professional sharpeners in North Florida. The only source for area printing houses with paper cutting knives ranging from 16 to 84 inches.
Growth & Expansion:
The seller admits there is substantial potential for growth. However, he is "old school" and has not taken advantage of new and expanded services as he had "plenty of work and business already!"
Here are a few key areas where a new owner could experience very measurable growth potential:
24 hours service.
Safe Services and opening (particularly big safes.)
Keypad, proximity and bio metric locks.
Sales and Installation of mag locks and magnetic strikes
Smart Houses are a whole new area to exploit including cvtv systems.
Very Profitable Lock Smith Business. Same location for over 20 years.
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
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