Est.Security Systems/Locksmith Biz w/ Solid Growth

Portland, OR
Multnomah County

Asking Price: Annual Revenue:
$300,000 $425,000

Services: Security, Surveilance

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RE: Est.Security Systems/Locksmith Biz w/ Solid Growth Broker: Ed Dooley

Quick Facts

Asking Price: $300,000
Annual Revenue: $425,000
Net Profit: Not Disclosed
Cash Flow: $40,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: object:45
Year Established: 2017
Employees: 4
BBN Listing #: 814750100
Broker Reference #: 894432

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Business Overview:

Motivated Seller! This established locksmith and security products/ services provider is part of a brand has been providing solutions to residential and commercial customers for the past 70 years. The parent company has grown into a nationwide brand and remain dedicated to providing clients with both outstanding customer service and quality work. They separate themselves within this fragmented, “mom and pop” locksmith industry by focusing on an array of fully integrated security products and services for a predominantly commercial client base.

The owner’s role is to scale and manage the business, focus on growth, and support technicians in the field who are engaged in providing locksmith services and other work around security systems. The 2 week initial training and ongoing support from corporate is tremendous, and a major reason why franchisees continue to be successful. Additionally, there are a number of national accounts that provide an excellent source of additional revenue for the current owners and other franchisees in the system.

The current owner has done a great job building up an initial customer base since 2017, which includes all of Portland, OR and Southwest WA. The territory covers a population of about 2.3 mln and over 60k qualified businesses, which provides a tremendous opportunity for a new owner to take this business to the next level!

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Property Features and Assets:

This business covers an expansive, rapidly growing territory in the Portland Metropolitan area with a population of about 2.3 mln, which equates to the size of over four territories!! A typical territory will include about 500,000 in population and at least 15,000 businesses.

Market Competition and Expansion:

In an industry that is fragmented with mom and pop shops, this brand has been a catalyst for change in the locksmith industry by offering more than standard locksmith services. They have experience working on an array of security solutions from simple rekeys and repairs to complete physical security solutions. Their technicians are trained and certified as security specialists. This brand has evolved over the years by identifying and offering the latest high tech, top of the line security products to its customers. They have been dedicated to providing outstanding customer service, quality work, professionalism, and consistency. Some products and services include exit devices & crash bars, master key systems, lock re-keying, security vault installation, door repair & hinges to name just a few examples.

Reason for Selling:

Please contact us to discuss

Additional Details:

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

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