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Business Sales & Acquisitions

Commercial Locksmith

Price: $850,000

Location: Kings, New York

Industry: Service Businesses

Listing ID: 08312017

Highly profitable and well-established commercial locksmith business for sale. The company has been around for decades and has some of the largest corporate and non-profit accounts in the tri-state area, many of which have trusted this company for all their locksmith needs for years.

The company services the 5 Boros, New Jersey, Westchester, and Long Island.

Services include: Keying, safe work, doors and frame, electronic security, welding, CCTV and more.

Small store front has some walk-in customers, but focus has been on corporate clients.

The company is on-call for their clients 24/7 and has 5 mobile repair shops (trucks) to dispatch for jobs.

Listing Details

Down Payment: $600,000

Gross Revenue: $1,300,000

Cash Flow: $275,000

FFE: $75,000

Reason For Sale:

Owner retiring.

Training & Support:

Will provide as necessary.

Operation

Year Established: 1967

Year of Last Acquisition: 1995

Days & Hours of Operation: 5

Owner Hours Per Week: 5

Employees: 6

Location

Monthly Rent: $ 4,250

Summary

Potential Growth:

Huge opportunity for an owner to add more residential, walk-in, and automobile locksmith work. The current business has focused almost exclusively on commercial accounts.