Listing ID: 80639

Business Overview

The locksmith industry has drastically changed, and our business is the catalyst for that change. By offering more than just standard locksmith services, putting an emphasis on unparalleled customer service, and identifying, vetting, and installing the latest high-tech products – we have created an unrivaled national service delivery platform.
We define ourselves as Physical Security Specialists because while we are extremely competent when it comes to rekeying your locks or installing door hardware, our teams will also implement full card access systems, with security cameras and complete a thorough security assessment of your home or buildings security, by adjusting door closures, exit devices and ensuring handicap operators are in compliance.

Our model is adaptable as an owner operator model (not working in the van), transitional model from another career, or straight ROI model with general manager.

We are seeking partners looking to scale a business and manage a business, versus working in the field. The mission of the company is simple: provide top of the line security products and services, utilizing the latest technologies, while staying true to family values. Ideal business for candidates looking for a white-collar business in a blue-collar industry. Need business management experience.

Financial

  • Asking Price: $300,000
  • Cash Flow: $166,567
  • Gross Revenue: $724,199
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2015

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Classroom training at corporate location, Additional on-the-job training at local location. We cover all of the operational and technical aspects of operating the business.

Additional Info

The business was started in 2015, making the business 7 years old.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people choose to sell businesses. Nonetheless, the true reason vs the one they tell you might be 2 entirely different things. For instance, they might state "I have too many various commitments" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may simply be reasons to try to conceal the reality of changing demographics, increased competition, current reduction in incomes, or an array of various other factors. This is why it is very vital that you not depend totally on a seller's word, yet instead, utilize the seller's answer combined with your total due diligence. This will paint an extra reasonable picture of the business's present circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of companies take out loans so as to cover items such as stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can suggest that profit margins are too thin. Numerous companies fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that need to be met or might lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area draw in new clients? Most times, companies have repeat consumers, which create the core of their daily earnings. Particular elements such as brand-new competitors growing up around the location, road building, and personnel turnover can impact repeat consumers as well as negatively influence future earnings. One essential thing to consider is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business regularly, the better the opportunity to build a returning customer base. A final thought is the general location demographics. Is the business situated in a densely populated city, or is it situated on the outskirts of town? How might the local average home income impact future revenue prospects?