Listing Details:

• Business Category:    Locksmith
• Business Price:           $240,000
• SDE:                              $98,352
• Inventory:                    $49,079 included
• FF&E:                            $50,742
• Real Estate:                 Lease is available, or business can                                                            be relocated
• Support & Training:     4 weeks              
• Reason for Selling:      Retirement       

Business Description

• Consistent Revenue & Profit Lock & Security Business.
• Solid list of clients, Residential/Commercial/Government/Auto.
• No large customer concentration
• Owner/Operator opportunity
• Located in a Minnesota Lakes area, with a growing population.

Detailed Information

• Located in the Regional Center City of Willmar, MN - Gateway to Lakes
• Located in a business friendly & growing city, with 21^st Century manufacturing & a global attitude.
• High Gross Profit business (over 75%)
• Cash Flow ~$100k
• Great local reputation, involved with Community
• Local College with 5500 students
• Located on well-traveled two US highway & two State highways.
• Services offered:
• Broken Key Extraction, Cabinet Lock Services, Emergency Services, Gate Lock Services
• Safe Locksmith Services, Key Duplication, Lock Changing, Lock Repair, Rekeying
• Lock Installation, Electronic/Smart Lock Installation
• Vehicle Lockouts, Building Lockouts
• Commercial Services
• Garage Door Lock Services, Intercom System Services, Key Pad Services, Mailbox Lock Services
• Residential Services, Security System Services

History

Established, well maintained & updated. Current owner is a local multi-unit operator with good reputation. Currently operated by Seller with FT & PT employees.

Competition 

This business is the best known, locally owned & operated, customer & promotion oriented. In the area, there are a couple Mom & Pop operators.