NOT DISCLOSED, California
| Asking Price |
$1,300,000 |
Year Established |
1996 |
|
| Annual Revenue |
$2,248,447 |
Reason for Selling |
Moving out of state |
|
| Annual P/L |
$0 |
Attention |
Jeff Konieczko |
|
| Annual Cash Flow |
$427,027 |
Listing Number |
1014751 |
|
| # of Employees |
13 |
Business Category |
Services: Security, Surveilance |
|
Business Overview:
Established for more than 30 years, this well-respected Southern California locksmith business operates under a semi-absentee ownership model and provides a diverse mix of automotive, commercial, residential, and roadside locksmith services. The company has built a strong reputation for reliability, professionalism, and long-standing customer relationships, serving municipalities, commercial clients, property managers, and the general public. Approximately 40% of revenue is generated through long-term AAA relationships, with the balance coming from commercial and residential customers.The business operates from an approximately 2,400-square-foot, highly visible retail location that supports both walk-in customers and a fleet of 11 fully equipped mobile locksmith service vehicles. Included in the sale are specialized locksmith equipment, automotive key programming and cutting machines, retail showroom fixtures, and the operating assets necessary to continue the business without interruption. The operation is supported by an experienced management team and established systems, allowing the current owner to oversee the business remotely from out of state while spending approximately 16–18 hours per week focused on management, hiring, payroll, and strategic direction.This opportunity is well suited for an owner seeking a scalable, turnkey service business with established infrastructure, multiple revenue streams, recurring commercial relationships, and significant opportunities for continued growth.
Property Features and Assets:
<p>Retail showroom, customer waiting area, locksmith workstations, dispatch and office space, private offices, employee break room, two restrooms, roll-up door for vehicle access, and dedicated parking.<br></p><p>11 mobile locksmith service vehicles<br><br>Commercial key cutting and programming equipment<br><br>Specialized automotive and commercial locksmith tools<br><br>Retail showroom fixtures and display cases<br><br>Office furniture, computers, and communications equipment<br><br>Dispatch and technician workstations<br><br>Safes, storage systems, and operating equipment<br><br>Turnkey assets supporting both retail and mobile operations<br></p>
Market Competition and Expansion:
<p>This business distinguishes itself through more than three decades of continuous operation, a highly visible retail location, an experienced workforce, and an established reputation within the marketplace. Unlike many competitors, the company operates from a permanent commercial facility, maintains the infrastructure required to service both retail and mobile customers, and has developed long-term commercial relationships that would be difficult for a new entrant to replicate.<br><br>Additional competitive advantages include:<br><br>Long-established commercial, municipal, and institutional customer relationships.<br>Diverse revenue streams across automotive, commercial, residential, and roadside services.<br>Experienced management and technician team with many long-tenured employees.<br>Established technology systems supporting dispatch, customer communications, call recording, and business operations.<br>Specialized automotive capabilities supported by long-standing NASTF credentials and manufacturer security access, providing services not available through many independent locksmiths.<br></p><p><br></p><p>The current owners relocated out of state, creating an opportunity for a local owner-operator or engaged manager to increase oversight and further optimize operations. Management believes the business has significant upside under more active local ownership.<br><br>Additional growth opportunities include:<br><br>Expanding digital marketing, search engine optimization, and online advertising efforts.<br>Continuing to grow the commercial customer base while leveraging the company's established reputation.<br>Increasing operational efficiencies through closer day-to-day management.<br>Hiring additional technicians to expand service capacity during peak demand.<br>Expanding utilization of existing dispatch, customer communication, and marketing technology already in place.<br>Leveraging the company's established storefront location, fleet, equipment, and long-standing community presence to capture additional market share.<br><br>These growth opportunities provide a new owner with the ability to build upon an already established foundation while benefiting from decades of goodwill, experienced personnel, and proven operating systems.<br></p>
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