SOLD! – Locksmith – $365k

soldThis locksmith business also specializes in access control. The business sells and repairs all kinds of locks including electronic and digital. Both commercial and residential clients are served, as well as emergency work. The business has been operational since 1991 and is based in the Vancouver area. Clients include property management companies, commercial property owners, and one off residential clients. Most of the business is repeat business from the corporate clients as well as referrals from individuals. Corporate clients run accounts whilst outside work on motor vehicles and residential homes are paid up front, this side of the business accounts for 30% of their sales. The price includes $70k in Inventory, with the SDE AT $130K p.a.

Type of sale: Asset

Reason for selling: Retirement

Selling Price: $365,000

Posted in All Posts, Articles, BC, Sold, Vancouver

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