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Asking Price:	$345,000 CAD Canada Dollars
Business for Sale Industry:	Services: Non-classifiable
Reason for Selling:	Retirement
Year Established:	1984
# of Employees:	3
Yearly Revenues:	$367,000
Yearly Cash Flow:	$83,000

Business for Sale Overview:

This full service locksmith business was established by the current owner in 1970. Over the past 37 years, this company has become the premier locksmith business in the Southern Okanagan. This highly regarded company enjoys an excellent reputation with both residential and commercial customers. They currently service long term contracts with commercial customers such as Royal Bank, the city of Penticton, Canada Post, Canada Revenue Agency and many, many more. They are also the locksmith service of choice for many builders and property management companies. Included in the purchase price is $100,000 worth of modern furniture, fixtures and equipment (at used replacement value) and $100,000 worth of inventory (at cost). The current owner will carry back up to $50,000 of the purchase price for a qualified buyer. Experience as a locksmith is not absolutely necessary as a fully trained staff is in place and the seller will provide full operational training. However, the ideal purchaser would be an individual or couple that have locksmith and/or security systems experience and would enjoy living and growing a very successful business that is located in the most desirable community in the Southern Okanagan. Information on the community can be viewed on the Penticton Chamber of Commerce web site at: www.penticton.org.

Property Features and Assets:

Outstanding, high visibility location in downtown Penticton.

Market Competition and Expansion:

Outstanding opportunity for gontinued growth!

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.