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Businesses For Sale   >>   Locksmiths Businesses For Sale

Established Commercial Locksmith Company For Sale

Location  Texas,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $684451
Net Profit / Cash Flow  $185816
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1946
Number of Employees  4 - 5
Inventory  123580
Relocatable  No
Number of Employees  4 - 5
Real Estate  Owned
Training  Seller will train.
Reason for Sale  After 45 years in the business, the seller is ready to move on.

This locksmith company, started in 1946 by the seller's uncle, is extremely well-established with many repeat customers providing stable income. Commercial accounts generate 85-to 90% of the revenues. Significantly, in several of these commercial accounts, the company is the only provider of the specific type security keys the clients use. This exclusivity ensures a steady stream of business from these clients. The company has 4 full time (including the owner) and 1 part time employees plus 3 contract workers for projects where special skills are required. Located in Houston, inside the 610 loop, the business operates in its own building which is also for sale. Part of the building is leased to an unrelated business, which helps offset some of the company's expenses, yet this space is available for later expansion. Included in the sale is the inventory, all the special, high-security, key-making equipment, office equipment plus 2 vans, both of which are built out with extensive inventory for quick responsiveness to client needs. The seller will work during the transition as needed to ensure a smooth transfer. For a qualified buyer, the seller is willing to provide financing on the building. Seller would like to sell the building but is willing to lease it for $1,850 per month. Note: The new owner does not have to be a locksmith to own this business. Please refer to CBB Listing #7821PT

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