Business For Sale

Locksmith Biz w/ 80% Recurring Commercial Accounts

Los Angeles, CA
Los Angeles County


Asking Price: Annual Revenue:
$425,000 $705,135

Services: Non-classifiable


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RE: Locksmith Biz w/ 80% Recurring Commercial Accounts Broker: Rick Carlson
Owner Financing is Available!
If the price and deal structure is right.

Quick Facts

Asking Price: $425,000
Annual Revenue: $705,135
Net Profit: Not Disclosed
Cash Flow: $130,874
Total Debt: Not Disclosed
FF&E: $61,600
Real Estate: Not Disclosed
Year Established: 1991
Employees: 6
BBN Listing #: 562727574
Broker Reference #: 753 Locksmith

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Business Overview:

This single point of contact locksmith business facilitates the security and compliance of door openings. The business has 3 service lines: commercial (80%), residential and automotive. The Seller has worked hard to build the Company’s reputation of quality work, honesty and customer satisfaction. All of mobile units are equipped with the latest tools needed to complete the job promptly and correctly. Average 4.5-star reviews on Yelp. Customer conversion rate is 90%. Repeat customers. Widespread customer base (380 in the last 12 months). NDA is required for comprehensive Confidential Information Memorandum crafted by ProNova Partners.

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Property Features and Assets:

Inventory: Included in asking price Furniture, Fixtures, & Equipment (FF&E): Included in asking price Facilities: Approximately 2,500 square feet office plus warehouse, leased through 2020 at $1,550/month.

Market Competition and Expansion:

Competition: Competition in the commercial market is less intense because of insurance and business license requirements which this Company has while many others do not. Growth & Expansion: For maximum growth, Seller recommends hiring more service techs locksmiths Continue to develop more commercial and larger accounts by creating and executing a comprehensive marketing plan.

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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