Locksmith Business

locksmith business for sale

Business Details

Company Profile

Listing ID: VANCOBC002-N508

Location: Metro Vancouver, BC

Type of Entity: Corporation

NAICS: 561622

Industries: Locksmiths

Business Highlights

  • Over 10 years in business
  • Team of fully qualified technicians in place
  • Generates recurring sales from core clientele consisting of businesses (commercial and industrial), government, and property managers
  • Represents top hardware manufacturers
  • Government licensed / certified

During the COVID-19 pandemic, from March 1, 2020 to May 31, 2020, this business has increased its sales – a rare feat during these challenging times. This demonstrates the resiliency of the business, its status as an essential service, its strong brand, and loyal customer base. This opportunity is very well priced and the purchaser will acquire a reputable, long-standing business, with an established brand presence in its service area complete with a fleet of fully equipped service vehicles and experienced technicians who provide superior service to commercial and retail customers.

The locksmith industry is an essential part of every community. Industry sales are driven by business activity, population growth, income per capita in the local community, construction, and real estate activity. This business is well-located based on these sales drivers.

The ideal purchaser fits one of these profiles: already in the locksmith industry as a locksmith or business owner, or has construction industry experience that includes work with keys and locks.

Type of Sale: Share Sale

Operational Balance Sheet Inclusive of: Furniture, Fixtures, & Equipment / Goodwill / Normal Net Working Capital of $60,000 (Inclusive of Inventory)

BUSINESS ASKING PRICE

$699,000

Normalized Financial Summary

YEARREVENUESSDEEBITDA
PROJ. 2021 $1,040,000 $365,000 $282,000
FYE 2020 $990,000 $403,000 $322,000
FYE 2019 $1,005,000 $329,000 $254,000
FYE 2018 $890,000 $300,000 $222,000
*EBITDA - Earnings Before Interest, Taxes, Depreciation, and Amortization
** SDE - Seller’s Discretionary Earnings
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Metro Vancouver, BC