Locksmith for Sale in Richmond Area
Virginia
| Asking Price: | $395,000 |
| Gross Revenue: | $500,000 |
| Rent: | $2,200/Month |
| Cash Flow: | $175,000 |
| Inventory: | $30,000 |
| FF&E: | $100,000 |
Listing ID: 2075050Listing provided by BizBuySell
BUSINESS DESCRIPTION
Recurring Clients! Profitable!
Light & Raphael is pleased to offer a locksmith and electronic security company for sale. Its seasoned technicians can assist with everything including access control systems, security cameras, safe service & moving, lock rekeys & installations, car keys and more. Locksmithing accounts for 70% of revenues versus 30% for electronic security. Furthermore, field work accounts for 80% to 85% of revenues versus 15% to 20% for shop work. Revenues have grown consistently during the last several years.
To further enhance sales, one could increase new safe inventory and focus additional internet advertising on other profit centers.
DETAILED INFORMATION
Location
Virginia
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,400
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Location is leased
Competition
The Locksmiths industry comprises establishments primarily engaged in installing, repairing, rebuilding, and adjusting mechanical or electronic locking devices, safes and security vaults. Establishments that sell such devices are also included if they also provide installation and repair services. The market size, measured by revenue, of the Locksmiths industry is $3.0bn in 2023. The market size of the Locksmiths industry is expected to increase 2.6% in 2023 and has grown 2.7% per year on average between 2018 and 2023.
Growth & Expansion
To further enhance sales, one could increase new safe inventory and focus additional internet advertising on other profit centers.
Support & Training
Owner will assist purchaser in a transition of the business.
Reason for Selling
Owner wishes to retire.
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