Business Overview

Exciting Opportunity to own an established Locksmith Company in the Gwinnett County area that has been around for 7 plus years.

This opportunity provides Locksmith services to the commercial and retail markets.

The Locksmith business comes fully equipped with an office, vehicle, inventory, and equipment.

Financial

  • Asking Price: $225,000
  • Cash Flow: $90,000
  • Gross Revenue: $145,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

other business interests

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals resolve to sell operating businesses. Nevertheless, the true factor vs the one they tell you may be 2 totally different things. For instance, they might say "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these factors stand. But, for some, these may just be reasons to attempt to hide the reality of altering demographics, increased competitors, current decrease in revenues, or a range of various other reasons. This is why it is extremely crucial that you not depend totally on a seller's word, however instead, use the vendor's answer in conjunction with your overall due diligence. This will paint a more sensible image of the business's current circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous companies take out loans with the purpose of covering items such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can imply that revenue margins are too tight. Lots of companies fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that should be satisfied or might cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area draw in new customers? Many times, operating businesses have repeat customers, which create the core of their day-to-day profits. Certain elements such as new competitors sprouting up around the location, roadway building and construction, and also personnel turn over can affect repeat consumers as well as adversely impact future revenues. One vital thing to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business on a regular basis, the greater the opportunity to build a returning consumer base. A last idea is the general area demographics. Is the business located in a densely populated city, or is it located on the outside border of town? Just how might the neighborhood median house income effect future income prospects?