Business Overview

For sale: This executively run, high repeat customer base business providing top-of-the-line security products and services utilizing the latest technologies, in a fragmented industry with only “mom and pop” competition. 90 percent of revenue comes from commercial clients and National Accounts work. This business enjoys multiple revenue streams and high net profits by providing a wide variety of security and locksmith products and services, including installation and servicing of card access key pads, security vaults, intercom systems, exit devices and crash bars, and master key systems, to name a few. We take the business on the road to service all types of security and locksmith work from full installation to lock-out services. This is one of the only nationally organized, full service mobile security and locksmith businesses, offering a complete range of leading edge technology and traditional mobile locksmith services. Servicing both residential and commercial customers and longstanding strategic partnerships built and in place.
2020 Entrepreneur Magazine ranked us #1 in our category. A new owner will bring his/her business experience and capitalize on the Florida business boom along the I-4 corridor. This Highly successful physical security services B2B Company utilizes multiple revenue streams to create high profits. The business operates in a small 400 square foot space which keeps overhead low and profits high. Our modern equipped mobile service vehicles brings high technology solutions and craftsman services for locksmith, electronic door access, camera, automatic doors, and more that businesses need every day.
– Time tested & COVID proven business model (70 successful years in business).
– Highly scalable business platform.
– Small business footprint.
– Consistent demand for services.
– Revenue producing service agreements in place.
– Best in class: training and ongoing support.
Contact David for detailed information about this business.

Financial

  • Asking Price: $259,950
  • Cash Flow: $379,500
  • Gross Revenue: $1,790,980
  • 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
About The Facility:

Contact for detailed information about this business.

Is Support & Training Included:

Full training and support.

Pros and Cons:

Outstanding name in the industry.

Opportunities and Growth:

High demand allow for continual long-term growth of this 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 kinds of reasons why people resolve to sell businesses. Nonetheless, the genuine reason vs the one they tell you might be 2 entirely different things. For instance, they might claim "I have way too many various obligations" or "I am retiring". For many sellers, these reasons stand. But also, for some, these might just be reasons to try to hide the reality of transforming demographics, increased competition, recent reduction in earnings, or a range of other reasons. This is why it is extremely crucial that you not rely totally on a vendor's word, but rather, use the vendor's solution together with your total due diligence. This will paint a more sensible image of the business's existing situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses take out loans with the purpose of covering things such as inventory, payroll, accounts payable, and so on. Remember that occasionally this can suggest that profit margins are too tight. Numerous organisations fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that should be fulfilled or might lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area draw in brand-new clients? Most times, companies have repeat clients, which create the core of their day-to-day revenues. Specific aspects such as brand-new competitors sprouting up around the area, road building, and also staff turnover can affect repeat consumers and adversely impact future profits. One important thing to think about 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 higher the chance to construct a returning client base. A last thought is the basic location demographics. Is the business placed in a largely populated city, or is it located on the edge of town? Exactly how might the regional typical family income influence future revenue potential?