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SW Florida Locksmith-71423

Charlotte County - 2 brick & mortar locations, Florida, United States
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Asking Price$435,000
Revenue$486,580 Established1985
Cash Flow$148,422 Employees4 full, 4 part
FF&E$95,000* FranchiseNo
Inventory$27,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This well established locksmith firm was originally founded in 1985 and the current owner acquired the business in 2005.  From the two retail locations in Port Charlotte and Venice, the firm provides full locksmithing and key service across Charlotte County and Southern Sarasota County, serving the automotive, residential and commercial markets and they sell safes.  The firm has agreements in place with AAA for "vehicles opened" services as well as lost keys replaced.  There is tremendous room for growth since the current owner has operated as basically an absentee owner for many years due to health issues, working only 4 to 6 hours per week.  With a full-time owner/manager, many new growth opportunities will become evident by being engaged and following through with customers.  The firm is a well-known "Charlotte County Institution" for the past 35 years as locals comment, due to the visibility of the vans being mobile billboards.  Business has been lender pre-qualified and may be eligible for an E2 Visa.
Facilities:Retail, brick and mortar locations Location# 1 - 800 Sqft rental space at $800 per month - highly visible downtown location Location 2 - 900 Sqft rental space at $900 per month - high-traffic strip center store front
Growth Potential:#1. Stronger presence simply by being a "hands-on" owner/manager gaining customer confidence and identifying additional potential business. #2. Commercial work providing electronic access and card/fob/biometrics systems for Government entities, schools and businesses as well as smaller residential systems. #3. Continuing education for the new owner/manager and then deciding on best focus for the techs training and up-selling additional products.
Training/Support:Seller will provide 30 days of familiarization at no cost to the buyer.
Sale Reason:Retirement
Ad #123275
Seller Reference #971-71423
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Contact This Seller
Richard Green
Green & Co. Business Brokers
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