SW Florida Locksmith-71423

Not Disclosed, FL
Charlotte County

Charlotte County-2 Locations!


Asking Price: Annual Revenue:
$435,000 $486,580

Services: Non-classifiable


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RE: SW Florida Locksmith-71423 Broker: Richard Green
License #: 3390595

Quick Facts

Asking Price: $435,000
Annual Revenue: $486,580
Net Profit: Not Disclosed
Cash Flow: $148,422
Total Debt: Not Disclosed
FF&E: $95,000
Real Estate: Not Disclosed
Year Established: 1985
Employees: 8
BBN Listing #: 737455945
Broker Reference #: 971-71423

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Business Overview:

This well established locksmith firm was originally founded in 1985 and the current owner acquired the business in 2005.  From the two retail locations in Port Charlotte and Venice, the firm provides full locksmithing and key service across Charlotte County and Southern Sarasota County, serving the automotive, residential and commercial markets and they sell safes.  The firm has agreements in place with AAA for "vehicles opened" services as well as lost keys replaced.  There is tremendous room for growth since the current owner has operated as basically an absentee owner for many years due to health issues, working only 4 to 6 hours per week.  With a full-time owner/manager, many new growth opportunities will become evident by being engaged and following through with customers.  The firm is a well-known "Charlotte County Institution" for the past 35 years as locals comment, due to the visibility of the vans being mobile billboards.  Business has been lender pre-qualified and may be eligible for an E2 Visa. 

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Market Competition and Expansion:

GROWTH: #1. Stronger presence simply by being a "hands-on" owner/manager gaining customer confidence and identifying additional potential business. #2. Commercial work providing electronic access and card/fob/biometrics systems for Government entities, schools and businesses as well as smaller residential systems. #3. Continuing education for the new owner/manager and then deciding on best focus for the techs training and up-selling additional products.

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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