Locksmith Business Operating since 1976 in Houston

Houston, TX
Harris County


Asking Price: Annual Revenue:
Not Disclosed $422,729

Services: Security, Surveilance


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RE: Locksmith Business Operating since 1976 in Houston Broker: Hal Poel

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $422,729
Net Profit: Not Disclosed
Cash Flow: $103,150
Total Debt: Not Disclosed
FF&E: $41,400
Real Estate: Not Disclosed
Year Established: 1976
Employees: 3
BBN Listing #: 319313260
Broker Reference #: 8227

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Business Overview:

This locksmith company, operating profitably since 1976, serves primarily commercial customers with multiple locations like: restaurant chains/fast food, grocery stores, office buildings, state and government facilities, manufacturing plants etc. The company has been serving their customers’ security needs for many years because of attentive service. It maintains detailed service histories for each location. When customers require service, they call a single service number and have the confidence that the assigned technician is completely versed and able to repair/install what is required at that location. The locksmith owner, who is planning to retire, will proactively participate in the transition as it is understood that a prospective buyer will want to protect the revenue stream and keep the experienced technicians on board. The prospective buyer can expect to spend 60-70% of their time servicing accounts. Prior locksmith experience is not required, only that the individual be “mechanically handy.” Please refer to CBB Listing #8227

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Property Features and Assets:

Approximately 800 Square Feet facility in strip center.

Market Competition and Expansion:

Direct sales to: 1) gain maximum potential from existing customers, 2) secure new, multi-location clients.

Reason for Selling:

Retirement

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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