Profitable Established Contract Locksmith Security

www.GlobalBX.com

Listing ID: 700113041

Listing Title: Profitable Established Contract Locksmith Security

Quick Link: http://www.globalbx.com/listing.asp?bId=113041

Industry: Business Services

Industry Segment: Locksmiths

Country: United States

State / Province: Tennessee

Area

City: Nashville

Asking Price Range: $250K - $500K

Gross Revenues: $287,000

Cash Flow: $98,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1974

Number of Employees: 1 - 3

Business Description:
Want profits NOW?! This business is for you. Since 1974, this security/locksmith company for sale has provided exceptional service for homeowners and businesses including hospitals, banks. factories, schools, real estate companies, etc. They provide installation/maintenance of electronic access solutions, fire-proof record safes, depository safes, high-security door hardware and master key plans. Less than 20% of the business is lock-outs. Stable base of over 900 customers. Purchase price includes 6 vehicles, 3 fully equipped. Owner relocating out of state. Unlimited growth potential! Facilities: Business can be purchased with or without the building. The 5,900 sf building consists of storefront retail, warehouse and living quarters. Located in a high growth area and includes upstairs living quarters. The space can be leased for $3,000 per month triple net without the apartment Competition: There is very little competition for this established company. They have an excellent reputation in the area and are seen as the experts. Includes over 30 exclusive commercial contracts. The business owns unique locksmith equipment that is no longer available on the commercial market. The business also has an established web presence. Growth/Expansion: Tremendous growth opportunity to expand into monitoring services for commercial and residential accounts. Seller Financing Available: Yes Financing: Possible with substantial down payment Support/Training: Owner is available for initial training(approx 2 mos) and ongoing consultation for up to a year.He will teach the new owners everything they need to know to be successful in this business. One of the current employees could move into ops management position Reason Selling: Owner moving out of state Asking Price $380,000 Inventory $30,000** Gross Income $287,000 Real Estate $350,000** Cash Flow $98,000 Year Established 1973 FF&E $240,000* Employees 3



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