Long Established Commercial Locksmith

Not Disclosed, MI
Oakland County


Asking Price: Annual Revenue:
$225,000 $467,227

Services: Non-classifiable


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RE: Long Established Commercial Locksmith Broker: Inquiry

Quick Facts

Asking Price: $225,000
Annual Revenue: $467,227
Net Profit: Not Disclosed
Cash Flow: $79,522
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1981
Employees: 5
BBN Listing #: 34402679
Broker Reference #: B2656

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Business Overview:

This is an excellent opportunity for an experienced locksmith to expand this very profitable and reputable business.This business has a 40+ year history of success and strong relationships. This business focuses primarily on commercial businesses and is well known with contractors, property managers, and retail businesses in the Metro area.The main service ares are oakland, wayne, and macomb county.

The business has 4 fully equipped work vans that are included in the sale. The business also comes with ALL the tools and equipment needed to run the business properly .The business focuses on, commercial accounts, access control systems, door repair, locks, etc. The sales have been strong over the years. 2019 sales $578,816 with a cash flow of $125,196, 2020 sales (COVID year) were $443,869 with a cash flow of 67,919, and 2021 Sales $467,227, with a cash flow of $79,522. 2022 has started out very strong and is expected to see continued increases in sales and net profit. March 2022 was a record breaking month for the business with over $70,000 in sales!

The seller is willing to offer training to help with a smooth transition for a new owner. They currently have 3 full time locksmiths who have been with the company for many years. A new owner can grow this business with local advertising of additional services, like security systems, home/auto lock-outs, and safe moving.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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