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Highly Profitable Locksmith & Supply Company (17560)

ServiceFor Sale in IL

Listing ID: Highly Profitable Locksmith & Supply Company (17560) | Broker Listing ID: BLP681290

Financial & Assets Details

$533,277
$171,936
$120,000
$50,000
Yes
$400,000
3,500+/-

About the Business

2006
5 nonunion.
Yes

Business Description

Located in the greater Chicago area, the company is a long-standing, professional provider of quality locksmith services for homes and businesses. Its primary product and service lines consist of lock repairs, installations, high-security locks, digital locks, keycards, complex locks, safes, and unlocking services. With a prime retail location valued at $400,000, the property is available for lease or purchase. Complete with its own commercial garage, it totals nearly 3,500 square feet and leases out a 3 bed/2bath apartment upstairs collecting an additional income of $1,200 per month. Primarily serving regional residents and businesses in need of locksmith services and safes for valuable storage, they also provide commercial installation services to clients, both on-demand and through service-level agreements to customers in need of larger, multi-unit installations. By capitalizing the market, the company has grown exponentially since its inception, with the majority of its earnings coming from returning customers. The total revenue was $533,277, with Seller’s Discretionary Earnings of $171,936. It continues to have strong income growth and profits year after year with shows no sign of slowing down. It has a proven track record of being able to stay ahead of new market directions, technologies, and of changing trends in the industry to fully distribute a wide range of locks, safes and services in different types of techniques. The ownership believes that its quality reputation, service, operational capabilities, and diversity in the marketplace has attributed to their continued success. There are many opportunities presented for new ownership to continue development with minimal capital infusion. Price based off of an independent evaluation in 2018!

Seller Financing

Financing is negotiable for the right buyer.

Location Details:

Property is available for optional purchase outside of Asking Price.

Support & Training

Standard Owner Transition period of up to one year.

Reason for Selling:

Approaching retirement.

Listing ID: Highly Profitable Locksmith & Supply Company (17560)

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