MergerPlace

Locksmith

Florida (Leon)


  • Asking Price: $335,000
  • Gross Income: $440,313
  • Cash Flow: $92,758
  • Real Estate: Not Disclosed
  • Inventory: $87,000
  • FF&E: $154,670
  • Listing ID: #205052
  • Established: 2000
  • Employees: 5 FT

Business Description

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.


Business Details

Primary Business Category: Services - Business
Location: Florida
County: Leon

Company Information

Year Established: 2000
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 5 FT

Financial Information

Asking Price: $335,000
Gross Revenue: $440,313
Cash Flow: $92,758
FF&E: $154,670
Inventory: $87,000
Seller Financing Available: No

Property Information

Facilities:

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.

Growth & expansion opportunities:

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 Deliveries. Safe Services and opening (particularly big safes.) Keypad, proximity and bio metric locks. Sales and Installation of mag locks and magnetic strikes Automotive lockouts Smart Houses are a whole new area to exploit including cvtv systems.

Competition:

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.

Reason for selling:

Seller Retiring.

Support & Training:

Will train for 4 weeks @ no cost. This shop operates 6 days a week out of well stocked facility. Seller has more key blanks in stock than any shop in North Florida! Keys made for everything; residential, commercial, utility, automotive boat, motorcycle and aircraft! Also stock a large number of new electronic transponder keys and factory original remotes and fobs. Wide range of keying services from simple house keys to newer high security keys. There's more! Seller offers complete sharpening services: woodworking, gardening, knives, commercial blades and knives. They can sharpen nearly anything brought to the store. This business offers outside locksmith services via two dedicated service vans kept will supplied with simple re-keying of houses or commercial businesses to complex re-keying of large establishments to automotive key makes for lost keys, installing door closers, panic exit devises or any other lock/key device on the market!

Contact Business Seller

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Business Listed By:

John Kraft

Murphy Business Brokers