Not Disclosed, NY
Rockland County

Asking Price: Annual Revenue:
$249,000 $524,407

Retail: Hardware, Bldg. Materials, Garden Center

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RE: Locksmith Broker: Darren Smith

Quick Facts

Asking Price: $249,000
Annual Revenue: $524,407
Net Profit: Not Disclosed
Cash Flow: $139,407
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: Not Disclosed
Year Established: 2017
Employees: 4
BBN Listing #: 37864955
Broker Reference #: 3408-16435

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Business Overview:

Full Service Locksmith providing quality locksmith services to the community for over 30 years.

24 hours Emergency Locksmith service available. Repairs car locks, install deadbolts, combination locks, alarm systems, locks at residences and creating a master key system, for commercial businesses.

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Property Features and Assets:

This locksmith has been a fixture in the community for over a decade. Located in a strip mall on one of the busiest streets in the county. The high visibility location has allowed this business to build its name recognition and receive a high amount of walk-in traffic. The business enjoys a favorable rent with the owner and has an option to renew its rent for an additional 5 years. Assets = $40,000.

Market Competition and Expansion:

Although there is competitors in the area this business reputation is synonymous with quality and service. This business offers emergency service, 15 minute arrival times, and affordable prices. The business and its staff are licensed and insured. If the new owners are willing to spend more money on digital advertising they can certainly capitalize on the reputation this locksmith has built.

Reason for Selling:

Moving into new business venture.

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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