Profitable and Long Term Established Locksmith

Orange County, CA

Profitable and Long Term Established Locksmith
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Asking Price: $100,000

Cash Flow: $98,121

Gross Revenue: $263,923

EBITDA: N/A

FF&E: $0

Inventory: $10,000

Established: 1979

Profitable and Long Term Established Locksmith

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Business Description

This locksmith has been in the business for over 40 years. They provide all the traditional services throughout Orange County, rekeying and repairing locks, as well as repairing and resetting combinations for safes. They primarily serve commercial businesses, homeowner's associations, as well as the occasional personal residence and Medeco high security lock.

Located in a well maintained business park, the business comes with everything required to operate, including two service vans, key cutting machines, pin kits, safe cutting tools, and safes for secured storage. The owner operates a master key program for commercial properties, so landlords can rekey tenant suites as required. They carry a small amount of inventory which includes a few locks and safes, as well as an ample supply of blank keys. They have one full-time employee who services the locks on client site.

The owner is of retirement age, so it's time to pass on this 40+ year book of business to a successor. There is plenty of opportunity for a young, energetic Buyer to grow this foundation. Go digital: build a modern website that inspires customer confidence, and reach out to (and make yourself available to) your clients via social media. Accept credit cards! Perform service after-hours and on weekends. Accept larger city and county jobs, which the owner routinely turns down. And for gosh sakes, advertise: the current owner still advertises in the yellow pages!!! Take the owner's existing HOA customers and offer the residents special pricing!!

This locksmith is an excellent opportunity to enter the industry, or grow your current business through acquisition. If this sounds like you, reach out to the Agent today!

Detailed Information

Location:
Orange County, CA
Inventory:
Included in asking price
Employees:
1
Support & Training:
Yes
Reason for Selling:
Ret
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Sergio Ciba

Business Listed By:
Sergio Ciba

BottomLine Business Brokers


Sponsoring Broker:
Bill Corley - BottomLine Business Brokers

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