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- RE: Locksmith (High Traffic Retail Location)
- Contact: Erin Ward
Quick Facts
Asking Price: | $260,000 | |
Annual Revenue: | $200,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $110,000 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | Not Disclosed | |
BBN Listing #: | 533135781 | |
Broker Reference #: | LK2023 |
Business Overview:
This business is a multiple decade old retail locksmith. The locksmith services include making keys, rebuilding, repairing, rekeying, repining, changing the combination to an electronic or mechanical locking device, programming either keys to a device or the device to accept electronic controlled keys, originating keys for locks or copying keys, and adjusting or installing locks.
Located in a high traffic location with multiple co-tenants that create significant foot traffic the business generates revenue from both customers coming specifically to the destination and impulse purchasers who decide to get a key made when they are already on property. There is a tremendous amount of foot traffic for this location as close to 5,000 people visit the location daily.
The demographics for this area are as follows: population of 40,00; average income is $65,000; and the median cost of a home is $450,000. In addition, there is over 30,000 cars per day that drive by the complex that is home to the business.
There is currently 1 employee who is the owner of the business. Wonderful high cash flow opportunity for a solopreneur or a locksmith who wants to expand to another location.
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Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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