NOT DISCLOSED, Michigan
| Asking Price |
$235,000 |
Year Established |
1983 |
|
| Annual Revenue |
$137,125 |
Reason for Selling |
Retirement |
|
| Annual P/L |
$0 |
Attention |
Jeffrey Hoag |
|
| Annual Cash Flow |
$46,801 |
Listing Number |
992786 |
|
| # of Employees |
1 |
Business Category |
Services: Security, Surveilance |
|
Business Overview:
Established over 40 years ago, this well-respected locksmith and security business has served residential and commercial clients throughout West Michigan with a reputation for reliability and expertise. The current owner has successfully operated the business since 2012, maintaining strong relationships with customers and consistently providing high-quality locksmith services. The business has built a loyal clientele, offering a wide array of services including lockset installation, rekeying, master key management, and automotive transponder keys and programming. The company operates out of a 1,700-square-foot facility, which is included in the sale. The space accommodates a retail area, workshop, storage, and general business operations, supporting both walk-in customers and mobile service needs. The business currently employs one full-time technician responsible for providing remote locksmith services, while the Owner works primarily in the shop and oversees retail operations.
Property Features and Assets:
<p>Monthly Rent<br>$0,00<br>Square Units (Foot, Meter)<br>1,698</p><p>Real Estate Asking Price<br>$170.000,00<br></p><p><br></p><p>The business is located in a 1700 SF building, featuring retail space, a workshop, a garage, employee break area and a partially finished basement.<br></p>
Market Competition and Expansion:
<p>This business is one of the few remaining brick-and-mortar locksmith shops in West Michigan, setting it apart in a market increasingly dominated by mobile-only operations. Its physical presence enhances visibility and trust among customers while still offering the flexibility and convenience of fully mobile services.<br><br>The business has built a strong reputation in the local community and benefits from decades of brand recognition. Its dual service model—offering both in-store and on-site locksmith services—positions it uniquely to serve a wide range of customer needs. The business is lean and well-established, offering the next owner a solid foundation from which to expand.</p><p><br></p><p>There is significant potential to grow this business through a number of strategic initiatives:<br><br>• Enhanced Marketing and Advertising: Currently operating with minimal promotional efforts, the business could benefit from a targeted digital marketing strategy, including SEO, social media engagement, local online advertising and an upgraded website for a streamlined online customer interface.<br>• Automotive Key & Fob Services: Expanding into the full spectrum of automotive key programming and fob replacement (both domestic and foreign) would add a high-demand service line.<br>• Commercial Door Installation: Offering commercial-grade door installation services in addition to hardware would diversify revenue streams and appeal to business clients.<br>• Video Surveillance & Access Control: Adding installation and service of modern security systems, including cameras and electronic access controls, aligns naturally with the company’s security focus and could open new markets.<br>• Emergency & After-Hours Service: Increasing availability for emergency calls could attract additional clients and create new revenue channels.<br>• Dispatch Expansion: Scaling the mobile team and implementing a streamlined dispatch system would improve response times and service efficiency, increasing customer satisfaction and capacity.<br></p><p><br></p><p><br></p>
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity