NEW PRICE Santa Fe’s Premier & Dominant Locksmith Business for Sale

25 May NEW PRICE Santa Fe’s Premier & Dominant Locksmith Business for Sale

Posted at 13:07h in by Michael Greene

Price: $300,000

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.

Listing Details

Revenue: $653,019

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.

Operation

Employees: 6

Managers: 1

Location

Square Footage: 2200

Relocatable?: No

Facilities Information:

Centrally located, 2200-square-foot store with ample parking and good visibility.

Summary

Competition:

Competition is minimal.

Potential Growth:

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.