Profitable Investment - Absentee Commercial Locksmith Business

Brooklyn, NY (Kings County)

Profitable Investment - Absentee Commercial Locksmith Business
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Asking Price: Get Financing: $829,000

Cash Flow: $275,000

Gross Revenue: $1,300,000

EBITDA: N/A

FF&E: N/A

Inventory: $75,000*

Lease Rate: N/A /SF

Established: N/A

*not included in asking price.

Profitable Investment - Absentee Commercial Locksmith Business

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Business Description

Highly profitable and well-established commercial locksmith business for sale. Owner works 4 hours/day and is willing to stay on.

Perfect opportunity for an investor who would make $200,000/ year in profit after paying owner and operating expenses (and more if expand the business). Owner can guide you how to purchase smaller competitors to leverage the value of their key client contracts.

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.

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

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
6
Facilities:
Current owner owns the building and would provide favorable lease terms.
Growth & Expansion:
Huge opportunities to add on traditional locksmith services such as house calls, keymaking, expanding the walk-in business, advertise, etc.
Support & Training:
Will provide if necessary.
Reason for Selling:
Owner retiring.
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Ari Siegel

Business Listed By:
Ari Siegel

Inbar Group Inc - Business Brokers

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Sponsoring Broker:
Jay M. Inbar,Certified Mergers &Acquisition Pro

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