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Address: 121 King St, Dameitta, Egypt
Phone: +25-506-345-72
Email: [email protected]

Long Established Commercial Locksmith

Long Established Commercial Locksmith

Oakland County

Listing#: C2656

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Description

This is an excellent opportunity for an experienced locksmith to expand this very profitable and reputable business.This business has a 40+ year history of success and strong relationships. This business focuses primarily on commercial businesses and is well known with contractors, property managers, and retail businesses in the Metro area.The main service ares are oakland, wayne, and macomb county.

The business has 4 fully equipped work vans that are included in the sale. The business also comes with ALL the tools and equipment needed to run the business properly .The business focuses on, commercial accounts, access control systems, door repair, locks, etc. The sales have been strong over the years. 2019 sales $578,816 with a cash flow of $125,196, 2020 sales (COVID year) were $443,869 with a cash flow of 67,919, and 2021 Sales $467,227, with a cash flow of $79,522. 2022 has started out very strong and is expected to see continued increases in sales and net profit. March 2022 was a record breaking month for the business with over $70,000 in sales!

The seller is willing to offer training to help with a smooth transition for a new owner. They currently have 3 full time locksmiths who have been with the company for many years. A new owner can grow this business with local advertising of additional services, like security systems, home/auto lock-outs, and safe moving.

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Business Overview

Revenue $467,227
Cash Flow $79,522
Inventory $150,000 +/-
Year Established 1981
Seller Financing No
Employees 4FT 1PT
Asking Price $225,000
Key Statistics
  • Hours of Operation: Monday - Friday: 8:30 AM - 5:00 PM

  • Employees: 4 Full Time 1 Part Time

  • Year Established: 1981

  • Year Acquired: 1981

  • Liscence Required: Sales Tax

  • Seats: N/A

  • Parking: Ample

Financial Information
  • Gross Sales: $467,227

  • Source: Tax Returns

  • Cash Flow: $79,522

  • Source: Tax Returns

  • Inventory Value: $150

Seller Financing
Not Available


Location
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Disclaimer

This information has been supplied to Broker, Capital Commercial Group, Inc. by seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. Thus, Broker does not guarantee this information to be accurate. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser`s councel.