[Water & Keys] Profitable 2-in-1 cashflow business for sale
San Fernando, CA
Selling business because I'm moving out of state. If I wasn't, I would keep this business. Very lucrative and the work is simple to learn. Cash flows are positive and growing for both businesses. It's recession-proof (everyone needs water and keys) and essential. We did not have to close down the business for the Covid lockdown. Our business grew 300%+ from 2019 to 2020. We're on track to doubling 2020 revenues in 2021. This is without any marketing. Only word of mouth. 5-star reviews for both businesses on Yelp and Google. A local staple for residents. This business has been in operation for over 30+ years. My parents owned the business before and I recently took over in 2019. I have revamped and added services to both businesses. Much more room for upside revenue and profit growth. Recently renovated and added inventory plus equipment of over 90k+. As you can see from the pictures, there are two businesses in one. It's an odd combination but it works and it's very profitable. Pay rent on one location, reduced salary cost, with both strong revenues for both businesses. Training will be provided for new owner(s). Water Store: We sell purified drinking water and alkaline water. We have a commercial water purification system that's been recently refreshed. the store has an 8 faucet system for reverse osmosis drinking water and a 3 faucet alkaline machine (Purchased within the year). We also sell bottled water that we bottle here and also retail products like 5, 3, 2, and 1-gallon bottles and other water accessories. Key Store: This business was just a simple key duplication business for house keys, mailbox, padlocks, etc. I added car key duplication and programming. Over 60K in inventory and equipment. This is a high growth area that has 70% margins on keys and programming. Huge room for more growth. We provide the same services as a car dealership with prices 50-70% cheaper prices. We currently do all major vehicle brands (Ford, Jeep, Chrysler, Chevrolet, Honda, Toyota, Acura, Lexus, Mitsubishi, Nissan, Infiniti, GM, etc). We don't do most European vehicles (BMW, Mercedes, VW, Audi). Simple business to learn. You don't need to be a locksmith.