Locksmith & Alarm Security with Monitoring

Not Disclosed, FL

North East Florida

Asking Price: Annual Revenue:
Not Disclosed $150,000

Services: Security, Surveilance

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RE: Locksmith & Alarm Security with Monitoring Broker: Dennis Riley
License #: MD 6767

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $150,000
Net Profit: $60,000
Cash Flow: $60,000
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: Not Disclosed
Year Established: 1987
Employees: 1
BBN Listing #: 21152144
Broker Reference #: 7039

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Business Overview:

This Lock Shop & Alarm Security Business is a 30 year old Business, It used to have 6 Employees and 3 trucks on the road. Now it has one truck and one employee. The owner has been down sizening for the last 6 years. He sold off 300 of his monitored accounts 4 years ago, but still has 100 Monitored alarms. He services the 300 that he sold to investors and get referrals from those Customers. The Owner will split the Company in Half and sell the Locksmith separately, or SELL the Alarm Business as a separate Business. Both these Businesses can grow back to a Million in sales, and then much higher. The Seller would like to work part time for the New Owner. This is a Great low cost Life Safety Business that is ready to expand. They do Fire Alarms, CCTV-Video, Access Control, Burglar Alarms, Residential, Commercial, & Industrial. They do Safe & Vault work and all types of Lock work including Automotive. You can Buy Both Companies together for $300,000 or you can Buy The Lock Business for $170,000 or the Alarm Business for $170,000.

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Property Features and Assets:

The Businesses are Located in a Free standing Building, with $1,600 of rent and 2,000 square feet. There is a special equipped van for the full service Lock Business. There is a Large Inventory plus Key Cutting Machines, in the office and on the truck.- service van. They provide Service to a large # of Chain Stores. The New owner can increase the volume by just adding techs, he has been turning down work that he could not get to, because he did not want to hire technicians that are available.

Market Competition and Expansion:

The Life Safety Industries have over 50 Profit Center. This Seller uses only 14. The New Owner will want to add several new Profit Centers, such as Selling & Servicing Fire Extinguishers.

Reason for Selling:

Retiring, wlll help with transition.

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 not a franchise resale opportunity.

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