Profitable Investment - Absentee Commercial Locksmith Business

Brooklyn, NY (Kings County)

Profitable Investment - Absentee Commercial Locksmith Business
Contact Seller

Asking Price: $829,000

Cash Flow: $275,000

Gross Revenue: $1,300,000



Inventory: $75,000*

Lease Rate: N/A /SF

Established: N/A

*not included in asking price.

Profitable Investment - Absentee Commercial Locksmith Business

Save Print Share Valuation Report

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

Not included in asking price
Real Estate:
Building SF:
Lease Expiration:
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.
Contact Seller

Contact the Seller

Contact Seller Loading

Sid Mollin

Business Listed By:
Sid Mollin

Inbar Group Inc

Show Phone Number

View My Listings

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

Listing Statistics

Saved This Listing:
Days Active On Site:
Appeared in Search:
Listing Detail Views:

Ad#:1516686 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell 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.
Read BizBuySell's Terms of Use before responding to any ad.

Similar Listings