Business Overview:
Light & Raphael is pleased to offer a locksmith and electronic security company for sale. Its seasoned technicians can assist with everything including access control systems, security cameras, safe service & moving, lock rekeys & installations, car keys and more. Locksmithing accounts for 70% of revenues versus 30% for electronic security. Furthermore, field work accounts for 80% to 85% of revenues versus 15% to 20% for shop work. Revenues have grown consistently during the last several years.
To further enhance sales, one could increase new safe inventory and focus additional internet advertising on other profit centers.
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Property Features and Assets:
Location is leased in the Richmond area.
Market Competition and Expansion:
The Locksmiths industry comprises establishments primarily engaged in installing, repairing, rebuilding, and adjusting mechanical or electronic locking devices, safes and security vaults. Establishments that sell such devices are also included if they also provide installation and repair services. The market size, measured by revenue, of the Locksmiths industry is $3.0bn in 2023. The market size of the Locksmiths industry is expected to increase 2.6% in 2023 and has grown 2.7% per year on average between 2018 and 2023.
Reason for Selling:
Owner wishes to retire.
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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