MergerPlace

Locksmith Ind./Comm. S. Western Ontario

Ontario


  • Asking Price: $375,000
  • Gross Income: $658,928
  • Cash Flow: $65,270
  • Real Estate: Not Disclosed
  • Inventory: $169,811
  • FF&E: $143,000
  • Listing ID: #196822
  • Established: 1967
  • Employees: 5 FT/ 1 PT

Business Description

With over 40 years in the business, this company has earned an excellent reputation and respect in the community with an A-list of customers, including major companies in the region. The current revenue base is growing and expanding with new commercial contracts.


Business Details

Primary Business Category: Services - Business
Location: Ontario

Company Information

Year Established: 1967
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 5 FT/ 1 PT

Financial Information

Asking Price: $375,000
Gross Revenue: $658,928
Cash Flow: $65,270
FF&E: $143,000
Inventory: $169,811
Seller Financing Available: No

Property Information

Facilities:

Commercial retail store & office (1300 sq.ft.) and lower level (1200 sq.ft.) with loading door. The lower level is used for secure storage and a shop.

Growth & expansion opportunities:

Developing the new commercial relationship installing architectural hardware in educational and healthcare facilities. Expansion and marketing of the Restricted Key Systems imported from Europe that is currently being export into the United States market.

Competition:

A competitive environment but the compensation would love a customer list with this kind of depth and roots in the community. Customer base includes industrial, commercial, government and institutional with 75% repeat business.

Reason for selling:

Retirement.

Support & Training:

Will train for 4 weeks @ no cost. Commercial/Industrial service & maintenance, master key systems (offering Seven Restricted Key Systems), Security Systems & CCTC (security cameras). As well as Automotive Keys & Remotes, Safes and Vaults, padlocks and Access Control systems. The business has 5 qualified journeymen locksmiths and a long history of participation in the Ontario Apprenticeship Program for locksmith certification. The new owner does not need to be a locksmith and instead focus on marketing, sales and improving the bottom line.

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Business Listed By:

Greg Wood

Murphy Business Brokers