PRICE REDUCTION Profitable National Franchise, Seller Relocating

Palm Beach County, FL

PRICE REDUCTION Profitable National Franchise, Seller Relocating
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Asking Price: $279,000

Cash Flow: N/A

Gross Revenue: $220,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2016

PRICE REDUCTION Profitable National Franchise, Seller Relocating

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Business Description

$70K Annualized to Owner YTD, with Significant Growth Potential

Founded in 1946, the Flying Locksmiths began franchising their business focused locksmith business model in 2015. Now with over 80 locations we have become the leader in high growth lock and security services.

Personal family reasons has created a resale opportunity in the Palm Beach, Florida market. Opened in September, 2016 the location has been profitable starting in just the second year. Along with well known national brands such as Walmart and Home Depot the business has a growing list of local organic customers and is well reviewed on Home Advisor and other platforms.

Owners manage the locksmiths and focus on sales and marketing. Or hire someone in an absentee model. A National Call Center handles incoming calls and scheduling and there is a Corporate team to assist both locksmiths and provide sales and pricing support to owners.

The sale price is for a large protected territory in growing South Florida. The franchise fee of over $190,000 is included in the offering price, as are any associated transfer fees. An upscale market with a high concentration of business and industry, which are the main customer base. A fully equipped van, with tools, key cutting machinery and inventory. Additional tools, machinery and inventory to support a second van, or office. A skilled technician handling the daily business flow.

The franchise will provide all the initial new franchisee training. But the new owner will start with a profitable and growing business already supporting itself and the owner, with loads of upside growth potential. The current owner will be available to stay on and assist for a brief time before leaving the area.

This is a great opportunity for a growth focused owner.

Detailed Information

Location:
Palm Beach County, FL
Facilities:
One leased van, tools, equipment and inventory. Additional machinery and inventory to support a second van or work office. Positive reviews on Home Advisor, Google and Facebook, viewed as an important asset.
Competition:
The franchise is on the leading edge of emerging technologies in safely securing commercial, government and residential spaces. Our national presence is unique and differentiates us from the competition with large corporate customers. Collective buying power reduces operating costs across most important expense categories.
Growth & Expansion:
The owner has done the initial heavy lifting, to get the business local exposure and brand awareness. As the franchise has matured best practices are reducing costs and creating efficiencies. The potential for the Palm Beach County area is enormous. This is a growing market and there are an extraordinary number of businesses, school, hospitals and governments agencies to be tapped for business. That does not include the residential market, which has not been a focus for the current owner. For a market savvy entrepreneur there is gigantic potential.
Support & Training:
Franchise will provide initial training and ongoing support. Owner will facilitate a smooth transition with the local, growing customer base.
Reason for Selling:
For personal reasons we need to relocate out of Florida
Franchise:
This business is an established franchise
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Business Listed By:
Nick Pantazis

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