MergerPlace

Highly Profitable Locksmith Business

Washington


  • Asking Price: $370,000
  • Gross Income: $248,130
  • Cash Flow: $83,190
  • Real Estate: $175,000
  • Inventory: $69,378
  • FF&E: $56,066
  • Listing ID: #199977
  • Established: 1980
  • Employees: 2 FT/1 PT

Business Description

Founded in 1980 the Company has been at its current location for the past 17 years. The Company has established an excellent reputation in the communities it serves and has the distinct advantage of being the only Locksmith Shop in the three county area it serves. Customers include businesses, government agencies and individuals.


Business Details

Primary Business Category: Services - Business
Location: Washington

Company Information

Year Established: 1980
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT/1 PT

Financial Information

Asking Price: $370,000
Gross Revenue: $248,130
Cash Flow: $83,190
FF&E: $56,066
Inventory: $69,378
Real Estate: $175,000
Seller Financing Available: No

Property Information

Facilities:

The 2,876 square foot building was originally built in 1952 and remodeled in 1999. A new HVAC system was installed in 2004. The building includes a retail area, 2 offices, a break room and studio apartment (with outside access).

Growth & expansion opportunities:

Potential for growth is excellent. Substantial opportunity exists in the development of a website to promote the Company's excellent reputation and the products and services it provides to the communities it serves, Implementation of an ongoing Social Media presence will augment the traditional marketing tactics the Company already has in place. Additional opportunity for growth exists in expansion of the Company's Alarm Monitoring and Video Surveillance services.

Competition:

There are no other locksmiths within 60 miles of the Company's facilities.

Reason for selling:

Retirement.

Support & Training:

Will train for 2 weeks @ no cost. Sales, service and installation of keys, locks, safes, access controls, alarms, automotive locks and keys, and onsite opening, services and installations. Washington State Business License and Construction Contractor: Locks, Security, and Alarm Equipment specialty license required. Skills necessary to successfully buy and run this business: Experience in providing locksmith services, bookkeeping, ordering and inventory management, advertising and marketing, and office management.

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Business Listed By:

Brian Southworth

Murphy Business Brokers