Listing ID: 80655
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.
- 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
- 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.
The venture 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 resolve to sell companies. Nevertheless, the genuine reason vs the one they tell you may be 2 completely different things. As an example, they might state "I have a lot of other responsibilities" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these may simply be excuses to try to hide the reality of altering demographics, increased competitors, current reduction in profits, or a range of other reasons. This is why it is very essential that you not rely completely on a seller's word, yet rather, use the vendor's response along with your total due diligence. This will repaint an extra reasonable picture of the business's present circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Many companies borrow money in order to cover things such as supplies, payroll, accounts payable, and so on. Bear in mind that occasionally this can mean that earnings margins are too tight. Lots of organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that need to be satisfied or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location attract brand-new clients? Many times, operating businesses have repeat consumers, which create the core of their daily revenues. Specific elements such as new competition sprouting up around the location, roadway building and construction, and staff turn over can impact repeat customers and also negatively influence future profits. One important point to consider is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business on a regular basis, the greater the opportunity to build a returning customer base. A last idea is the general location demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the neighborhood average family earnings effect future earnings prospects?