Listing ID: 80643
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
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 founded in 2015, making the business 7 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell companies. Nonetheless, the real factor and the one they tell you may be 2 totally different things. As an example, they may claim "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may just be excuses to try to hide the reality of transforming demographics, increased competitors, recent reduction in revenues, or an array of other reasons. This is why it is extremely vital that you not count completely on a vendor's word, yet instead, make use of the vendor's response along with your general due diligence. This will repaint a more practical picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Many companies take out loans so as to cover points such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can mean that revenue margins are too small. Numerous businesses come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that must be met or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract new customers? Most times, companies have repeat consumers, which develop the core of their day-to-day profits. Certain factors such as brand-new competitors growing up around the area, road building, and also personnel turnover can impact repeat consumers and also adversely influence future incomes. One vital thing to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business regularly, the greater the opportunity to develop a returning customer base. A final idea is the basic area demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? Exactly how might the local average house income influence future earnings prospects?
