* Included in Asking Price
63% profit margin with over 200 clients and room to expand. Over half of the clients served in this business are longstanding corporate accounts that want to stay with a locksmith business they feel they can trust. Winning the prestigious Super Service Award on Angie’s List for 4 years, this locksmith business has significant experience with both residential and commercial services, ranging from simple rekeying to sophisticated digital business systems as well as a complete range of safe services for every type of safe. This turnkey business is operated as a mobile only business, which offers the owner the ability to operate the business from anywhere within the Omaha/Council Bluffs Metropolitan area and have the flexibility to set their own hours and not worry about maintaining a storefront. Although this business is already successful, a new owner could further expand the business by offering vehicle locksmithing services and expanding their on call availability. In the first year, after all debts and expenses are paid, a buyer with a down payment of $10,000 would profit $229,649. This represents a 296% return on investment. Financial Overview List Price: $100,000 Gross Sales 2015: $72,304 2014: $111,901 2013: $96,667 2012: $93,038 Owner Profit/Cash Flow 2015: $45,568 2014: $67,892 2013: $53,240 2012: $58,957 Profit Margin: 63% Multiple: 2.8*Multiples range from 1-5, with the average being 3 Valuation: 2015 Cash Flow x Multiple = Price $45,568 x 2.8 = $127,590
Reason for Selling: Moving out of state
Personnel: 1 Subcontractor
Hours: Mon.-Fri. 7:30AM-5:30PM, some on call
History: Opened in 1985, current owner purchased from family member in 2010
Support to Buyer: 90 Days
Additional Information: Year Established: Opened in 1985, current owner purchased from family member in 2010 Location and Service Area: Metro Omaha/Council Bluffs Number of Clients: 200+, several corporate accounts Reason for Selling: Moving out of state Employees: 1 subcontractor Hours: Mon.-Fri. 7:30AM-5:30PM, some on call Seller Training Period: 90 days Growth Opportunities: expand into automotive locks, increase on call availability Current Owner’s Responsibilities: Owner/ Operator For a detailed financial package, please contact Cortney Sells or one of The Firm Business Brokerage’s professionals at 402.998.5288 or email Confidential@TheFirmB2B.com.
|Competition:||Monopoly on several safe services, sole referral point for several safe manufacturers|
|Growth Potential:||expand into automotive locks, increase on call availability|
|Seller Financing:||10% Seller Financing|
|Sale Reason:||Moving Out-of-State|
Seller Reference #SER024
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Please read our Terms of Service
before responding to any ad on our website.