25 May NEW PRICE Santa Fe’s Premier & Dominant Locksmith Business for Sale
Location: Santa Fe & North Central Region, New Mexico
Industry: Retail & Service, Locksmith
A well-known brand in Santa Fe for over 80 years, this locksmith business is an excellent opportunity for an engaged and active owner to take over a proven business. It provides vital services to businesses and residents, has over 100 business contracts, and enjoys a near monopoly in the market it serves.
Locksmithing is largely immune to economic downturns and is projected to grow 4.4% over the coming years. With the brand’s key competitors recently closing their doors or reducing hours open to the public, it is experiencing increased demand for both in-store and onsite services.
New owners will enjoy a relaxed 20 to 30 hour work week managing employees and interacting with customers. A locksmithing background isn’t required, and the Seller is willing to train in these skills. No license is required in the state of New Mexico.
The business enjoys a high-visibility, central location. Buyers also have the option of purchasing the real property.
Cash Flow: $122,000
FFE: $150,000 (Included in Price)
Inventory: $40,000 (Included in Price)
Real Estate:$600,000 (Not Included in Price)
Reason For Sale:
Seller has other professional obligations.
Training & Support:
The Seller and key employee will work with new owners to provide a smooth transition.
Square Footage: 2200
Centrally located, 2200-square-foot store with ample parking and good visibility.
Competition is minimal.
New buyers will be stepping into a business with multiple upsides. Further details can be shared upon receipt of a Non-Disclosure Agreement and Confidential Buyer Profile.