Money Making Locksmith

Financial Information

  • Asking Price: $50,000
  • Gross Revenue: $757,555
  • Cash Flow: $55,430
  • Down Payment: $50,000
  • FF&E (Included): N/A
  • Inventory: $30,000
  • Financing: No

Business Location

  • Confidential
  • California
Primary Business Category: Locksmiths

Established lock and key business for sale in Riverside County with the following competitive advantages: National brand name, strong Google presence and an excellent reputation. Retail location as well as mobile services throughout Riverside and surrounding communities. They have many long-term commercial customers including those in the following industries: insurance company for road services, automotive dealer, commercial and residential property management, manufacturing, retail, homeowners, court system and storage facilities. Their road service includes fuel delivery, tire changes, jump starts and car door unlocking. The Company serves approximately 1,000 customers each month. The business is priced below market as the sellers are very motivated and they will carry a seller note to a suitable buyer. Seller and the Franchisor will train. Franchisor actually prefers buyers who do not have locksmith experience so that they can be properly trained in the best practices of the industry. The company has four capable employees and is very high-tech with a high security key cutting machine, proprietary dispatch system, fingerprint time clock and VOIP phone system. The Company has the highest number of reviews and the highest ranking against all of their competitors with over 250 five star reviews. Upside potential is significant in that their territory covers 41 zip codes with a population of over 2.7M, so satellite offices could be opened in adjacent cities.

Support / Training Comments

Owner will provide training and transition

Reason For Sale
  • Home Based: No
  • Year Established: 2006
  • Franchise: No
  • Year Acquired: 2006
  • Willing to Train: Yes
  • Relocatable: No
  • Required Licences:

  • Is Property Leased: Yes
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: N/A
  • Fulltime Employees: 6
  • Part time Employees: 3
  • Is Management Staying: No
  • Distressed: No
  • Monthly Payroll: $14,000
  • Building Size: 1500 sq ft
  • Monthly Rent: $1,383
  • Lease Expires: 07/31/2019

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Disclaimer: No salesperson, field representative or other person has the authority to make a statement, promise or assurance concerning any matter related to the franchise that is contrary to, or different from, the information/terms contained in the Franchise Disclosure Document/Franchise Agreement. Any such statement, promise or assurance is unauthorized, unwarranted and unreliable. If you believe someone has made an unauthorized statement, promise or assurance to you, please contact Jessica Czekalinski, Esq. at 216-674-0645 ext. 619.