Santa Fe Locksmith Business - Established, Profitable & Growing

25 May Santa Fe Locksmith Business – Established, Profitable & Growing

Posted at 13:07h in by Michael Greene

Price: $445,000

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 contracts, and dominates the local marketplace.

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 instore and onsite services.

An experienced, long-term general manager is in place and the current owner spends limited time in the store. No industry-specific licenses or training are required to take advantage of this opportunity.

The business enjoys a high-visibility, central location. Buyers will have the option of purchasing the real property, resulting in favorable loan terms and allowing them to build equity in the business.

Listing Details

Revenue: $653,019

Cash Flow: $167,833

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 General Manager will work with new owner 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.