Listing ID: 80654
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 venture was established in 2015, making the business 7 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people choose to sell operating businesses. Nevertheless, the genuine reason and the one they say to you may be 2 entirely different things. For instance, they may state "I have too many various obligations" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might just be excuses to attempt to hide the reality of transforming demographics, increased competitors, recent decrease in revenues, or a variety of other factors. This is why it is extremely crucial that you not rely totally on a vendor's word, but rather, make use of 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 businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous companies take out loans in order to cover items such as stock, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can mean that profit margins are too tight. Numerous businesses fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that have to be satisfied or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area attract new clients? Most times, operating businesses have repeat customers, which form the core of their day-to-day earnings. Specific aspects such as brand-new competition sprouting up around the area, roadway building, and employee turnover can affect repeat clients as well as negatively affect future earnings. One vital thing to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Certainly, the more individuals that see the business on a regular basis, the better the possibility to develop a returning customer base. A last idea is the general location demographics. Is the business situated in a largely inhabited city, or is it situated on the outside border of town? Just how might the neighborhood average house income influence future income prospects?
