Locksmith, Commercial & Residential, Full Service $95,000

Asking: $95,000
Gross Income: $134,765
Cash Flow: $27,362
FF&E: $20,000 Included in Sale
Inventory: $8,000 Included in sale
Year Established: 2009
Employees: Owners operated one part time

The business for sale is a locksmith retail and service company specializing in the San Fernando Valley and Hollywood. The business has a very active customer base derived of approximately, 70% commercial and 30% residential. 50% of the business is regular recurring business. The owner has over 30 years of experience in the locksmith business. In 2009, the current owner opened the business in a storefront that was previously a locksmith location for 15 years. The business is run and operated by the owner and he has one employee that works in the retail location for overflow service calls, walk-in service and retail business. The business comes with inventory worth $8,000, a 2006 fully outfitted commercial technician van, fixtures, and equipment worth over $20,000. This locksmith business gets continued calls and referrals for service, however the owner works at his own pace and schedule and rarely works on weekends. A new owner can utilize new employees or contracted locksmiths to service additional customers. The current owner is retiring.

Facilities: The retail store is 900 square feet with a storefront retail, service and office area in the front and Storage and a bathroom in the back. The facility comes with a back parking lot including 2 private parking spots and 8 common parking spots. There is street meter parking in front of the store on Victory Blvd. Storefront hours are Monday to Friday from 9am to 4pm.

Market Outlook/Competition: This locksmith business gets continued calls and referrals for service, however the owner works at his own pace and schedule and rarely works on weekends. A new owner can utilize new employees or contracted locksmiths to service additional customers.

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