Full Service Locksmith Business
Location British Columbia,Canada
Asking Price Range $250K - $500K
Gross Revenues $367000
Net Profit / Cash Flow $83000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1984
Number of Employees 1 - 3
Inventory 200000
Relocatable Yes
Number of Employees 1 - 3
Real Estate Leased
Training Seller will provide full operational training.
Reason for Sale Retirement.
Description This full service locksmith business was established by the current owner in 1970. Over the past 37 years, this company has become the premier locksmith business in the Southern Okanagan.
This highly regarded company enjoys an excellent reputation with both residential and commercial customers. They currently service long term contracts with commercial customers such as Royal Bank, the city of Penticton, Canada Post, Canada Revenue Agency and many, many more. They are also the locksmith service of choice for many builders and property management companies.
Included in the purchase price is $100,000 worth of modern furniture, fixtures and equipment (at used replacement value) and $100,000 worth of inventory (at cost). The current owner will carry back up to $50,000 of the purchase price for a qualified buyer.
Experience as a locksmith is not absolutely necessary as a fully trained staff is in place and the seller will provide full operational training. However, the ideal purchaser would be an individual or couple that have locksmith and/or security systems experience and would enjoy living and growing a very successful business that is located in the most desirable community in the Southern Okanagan. Information on the company can be viewed on the Penticton Chamber of Commerce web site at: penticton.org. Contact for more information on this Locksmith business for sale.
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