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For Sale in Tallahassee, Florida, FL

Listing ID: BBF 718 13816 | Broker Listing ID:

Financial & Assets Details


About the Business

5 FT

Business Description

Tallahassee Locksmith Shop For Sale! Well known throughout Tallahassee as the "go to Locksmith Shop!" Great reputation for fast, professional, reliable services at very fair prices. Serving Tallahassee and North Florida with services ranging from Access Control, Exit Control, Automotive Transponder and Factory Remotes. Large walk in retail showroom with over 150,000 key blanks plus everything imaginable related to keys, locks, knives, sharpening supplies, safes and accessories. Also offers extensive tool sharpening services. Turn key deal with great seller support and transition assistance from Seller. All Full Time employees and very experienced and would like to remain with new Owner.

Growth & Expansion

The seller readily admits that he has not taken advantage of numerous additional locksmith tasks either because of staffing, training or simply not wanting to take on more work than he could handle to meet his high standards. There are several “doable” areas where a new owner could dramatically increase sales and revenue growth:
*24 hour service
*The delivery of safes
*Safe servicing and opening, mainly for “Big” safes
*Keypad, proximity and bio metric locks. This shop currently does a few but only stand-along systems
*Sales and installations of “mag locks” and magnetic strikes
*Automotive lockouts
*Smart houses present a tremendous new area for expansion, including CVTV Systems.

Market Competition:

There are 5 locksmiths in the Tallahassee area which have walk in shops. This business is the largest and most complete shop in the area! Two of the other shops have limited services and the other two are set up for outside services. This business is the only shop in the area that makes retail a large, successful part of its operation. Of course, there are a dozen or so "mobile" locksmiths and handy men that offer locksmith "services." Out of the back of their truck! Some have training and skill while others are "winging it."

The sharpening division of the business is sort of "lost art form." There is no measureable competition, and what little exists is merely a side line of a key shop. This business is the only fully professional sharpener in North Florida. The only source for area printing houses with paper cutting knives ranging from 16 to 84 inches.

Location Details:

This Locksmith shop is located on a very busy transportation artery on the east side of Tallahassee. Very high visibility in a strip center with front door parking. Over 20,000 cars per day drive by the front door. Well laid out display floor with plenty of storage space.

Support & Training

Seller will remain for 4 weeks with the new owner for training, transition and assistance. Existing employees are well trained and willing to remain with new owner.

Reason for Selling:

Seller retiring.

Listing ID: BBF 718 13816

Contact Broker

Listings: 4 View My Listings

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