30+ Year established Lock Smith & Safe Retailer – Motivated!
Snohomish County, Washington

We are very excited to present for your consideration a 30+ year old business with a solid reputation and a lot of room for growth. This business has been great for the husband and wife owners for decades. Health reasons make them eager to move out of the state to enjoy retirement.

The asking price is close to just one times the discretionary earnings plus the inventory. We believe any SBA lender will be happy to fund this acquisition, but for this price point, we are seeking a cash offer and a fast close. Over $20K in assets are included (van included) and over $90K in inventory. We believe this business will sell quickly.

They perform all locksmith needs from re-keying commercial to residential locks, cut keys, and gain entry to your home or vehicle when you’re locked out. They also sell safes and other security items. When asked what they would do if they were keeping the business, they responded “expand into electronic key fobs and additional key cutting machines and card reader systems”.  They refer these services to other companies. They are admitted “old-school”, but it works for them and has resulted in solid revenues for decades. Expansion into new technologies can further increase their already solid market share.

Some digital marketing may also boost revenues. Currently, there is no digital advertising like google or meta-ads. This seems to be a great opportunity because if I need a locksmith, I’m immediately going to google one.

If this business interests you, please complete the online contact/inquiry form. Our system will immediately send you the NDA to sign, which can be done from your mobile phone. Upon completion, our system will send you the marketing materials that further explain this opportunity. No waiting around. After reviewing the materials, please contact us to discuss next steps which includes making a non-binding offer. At that point, if we haven’t provided enough information for you to feel comfortable making an offer, we’ll do our best to accommodate. Some things will only be available upon opening escrow and an earnest deposit. It’s not often we get this combination of solid earnings, clean financials, and a motivated seller, so act fast.

Business SQFT: 1,648 SQ FT
Zoning: Retail

Listing Number:

23324

Category:

Retail,Service - Personal B2C

Location:

Snohomish County, Washington
$200,000

Financial Information:

Gross Revenue:

$356,798

Listed Price:

$200,000

Down Payment:

$20,000

Total Income:

$785,660

Year Established:

1993

Lease Information:

Square Feet:

1600

Total Rent:

$1,850

Lease Expiration:

N/A

Lease Options:

N/A

Asset Information:

Leasehold Improvements:

$0

Equipment / Fixtures:

$20,000

Inventory:

$90,000

Other Assets:

2012 Ford E250 Van

Additional Information:

Full-Time Employees:

2

Part-Time Employees:

0

Special License Required:

N/A

Contract Staff:

0

Training Period:

3 wks; not to exceed 20 hrs/wk

Reason for Selling:

Retiring & Moving

Hello World

First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


Read First Choice Business Broker, Terms of Use before responding to any ad.

brokerPhoto
James Shin
Office: (626) 484-7797 | Cell: (206) 590-1792
License #: WADOL Managing Broker Lic. 24001703; CADRE Lic. 01421813

By clicking the button, you agree to First Choice Business Broker Terms of Use and Privacy Notice

brokerPhoto
James Shin
Office: (626) 484-7797 | Cell: (206) 590-1792
License #: WADOL Managing Broker Lic. 24001703; CADRE Lic. 01421813

By clicking the button, you agree to First Choice Business Broker  Terms of Use and Privacy Notice

30+ Year established Lock Smith & Safe Retailer – Motivated!
Snohomish County, Washington

Listing Number:

23324

Category:

Retail,Service - Personal B2C

Location:

Snohomish County, Washington

Listed Price:

$200,000
brokerPhoto
James Shin
Office: (626) 484-7797 | Cell: (206) 590-1792
License #: WADOL Managing Broker Lic. 24001703; CADRE Lic. 01421813

We are very excited to present for your consideration a 30+ year old business with a solid reputation and a lot of room for growth. This business has been great for the husband and wife owners for decades. Health reasons make them eager to move out of the state to enjoy retirement.

The asking price is close to just one times the discretionary earnings plus the inventory. We believe any SBA lender will be happy to fund this acquisition, but for this price point, we are seeking a cash offer and a fast close. Over $20K in assets are included (van included) and over $90K in inventory. We believe this business will sell quickly.

They perform all locksmith needs from re-keying commercial to residential locks, cut keys, and gain entry to your home or vehicle when you’re locked out. They also sell safes and other security items. When asked what they would do if they were keeping the business, they responded “expand into electronic key fobs and additional key cutting machines and card reader systems”.  They refer these services to other companies. They are admitted “old-school”, but it works for them and has resulted in solid revenues for decades. Expansion into new technologies can further increase their already solid market share.

Some digital marketing may also boost revenues. Currently, there is no digital advertising like google or meta-ads. This seems to be a great opportunity because if I need a locksmith, I’m immediately going to google one.

If this business interests you, please complete the online contact/inquiry form. Our system will immediately send you the NDA to sign, which can be done from your mobile phone. Upon completion, our system will send you the marketing materials that further explain this opportunity. No waiting around. After reviewing the materials, please contact us to discuss next steps which includes making a non-binding offer. At that point, if we haven’t provided enough information for you to feel comfortable making an offer, we’ll do our best to accommodate. Some things will only be available upon opening escrow and an earnest deposit. It’s not often we get this combination of solid earnings, clean financials, and a motivated seller, so act fast.

Business SQFT: 1,648 SQ FT
Zoning: Retail

Financial Information

Gross Revenue:

$356,798

Listed Price:

$200,000

Down Payment:

$20,000

Total Income:

$785,660

Year Established:

1993

Lease Information

Square Feet:

1600

Total Rent:

$1,850

Lease Expiration:

N/A

Lease Options:

N/A

Asset Information

Leasehold Improvements:

$0

Equipment / Fixtures:

$20,000

Inventory:

$90,000

Other Assets:

2012 Ford E250 Van

Additional Information

Full-Time Employees:

2

Part-Time Employees:

0

Special License Required:

N/A

Contract Staff:

0

Training Period:

3 wks; not to exceed 20 hrs/wk

Reason for Selling:

Retiring & Moving

First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


Read First Choice Business Broker,
Terms of Use before responding to any ad.