Listing ID: 80653

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

Why is the Current Owner Selling The Business?

There are all types of reasons individuals choose to sell operating businesses. Nonetheless, the true factor vs the one they say to you might be 2 entirely different things. As an example, they may claim "I have way too many various commitments" or "I am retiring". For many sellers, these reasons are valid. But, for some, these might simply be reasons to try to conceal the reality of changing demographics, increased competitors, current decrease in earnings, or an array of other factors. This is why it is extremely crucial that you not rely absolutely on a vendor's word, yet rather, utilize the seller's answer along with your overall due diligence. This will paint a more realistic picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous companies take out loans so as to cover points like supplies, payroll, accounts payable, etc. Remember that occasionally this can suggest that revenue margins are too thin. Lots of businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that must be satisfied or might cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the location draw in new clients? Most times, companies have repeat customers, which form the core of their daily earnings. Certain factors such as brand-new competitors sprouting up around the location, road building and construction, as well as staff turnover can influence repeat consumers as well as adversely impact future profits. One crucial point to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business regularly, the higher the possibility to build a returning customer base. A last idea is the general location demographics. Is the business placed in a largely populated city, or is it located on the outskirts of town? Exactly how might the local typical home income influence future revenue potential?