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Profitable Established Contract Locksmith Security
Location Tennessee,United States
Asking Price Range $250K - $500K
Gross Revenues $287000
Net Profit / Cash Flow $98000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1974
Number of Employees 1 - 3
Inventory 240000
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training Yes.
Reason for Sale Owner will train and consult for a year.
Description Want profits NOW?! This business is for you. Since 1974, this security/locksmith company for sale has provided exceptional service for homeowners and businesses including hospitals, banks. factories, schools, real estate companies, etc. They provide installation/maintenance of electronic access solutions, fire-proof record safes, depository safes, high-security door hardware and master key plans. Less than 20% of the business is lock-outs. Stable base of over 900 customers. Purchase price includes 6 vehicles, 3 fully equipped. Owner relocating out of state. Unlimited growth potential!
Facilities: Business can be purchased with or without the building. The 5,900 sf building consists of storefront retail, warehouse and living quarters. Located in a high growth area and includes upstairs living quarters. The space can be leased for $3,000 per month triple net without the apartment
Competition: There is very little competition for this established company. They have an excellent reputation in the area and are seen as the experts. Includes over 30 exclusive commercial contracts. The business owns unique locksmith equipment that is no longer available on the commercial market. The business also has an established web presence.
Growth/Expansion: Tremendous growth opportunity to expand into monitoring services for commercial and residential accounts.
Seller Financing Available: Yes
Financing: Possible with substantial down payment
Support/Training: Owner is available for initial training(approx 2 mos) and ongoing consultation for up to a year.He will teach the new owners everything they need to know to be successful in this business. One of the current employees could move into ops management position
Reason Selling: Owner moving out of state
Asking Price $380,000 Inventory $30,000**
Gross Income $287,000 Real Estate $350,000**
Cash Flow $98,000 Year Established 1973
FF&E $240,000* Employees 3
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