North Shore Locksmith Business Offered For The First Time In 31 Years!

Business Sold Lane Cove West, New South Wales 2066

Business Category Security Trade Services

SOLD

Description

North Shore Locksmith Business Offered For The First Time In 31 Years!

ESTABLISHED, PROVEN & PROFITABLE!!
A RARE OPPORTUNITY!
Owned and operated by the same family since 1990, this business is undoubtedly the PREMIER Locksmiths on Sydney's North Shore.
Its' distinctive, modern & fully equipped showroom is surrounded by many businesses & residential buildings, all within easy access of the business.
They are the premier service provider of advanced security solutions to residential & commercial properties in all suburbs over North Shore Sydney.
They are the specialists in electronic security & offer a comprehensive range of safes catering to any requirement.
From the shop, the fully equipped fleet of 4 vans offer a full range of locksmith services including a 24/7 emergency with After Hours availability.
There are huge opportunities for growth in Security Systems, CCTV, Access Control & Intercom System.
KEY FEATURES:
• Centrally located to service northern Sydney areas
• Large, modern, fully stocked Showroom & work area.
• Long term clients incl. Strata companies, Schools, 50+ Real Estate Agents & Local Council
• Database of 3000+ clients guaranteeing high level of repeat business.
• Over 1800 Registered Key Systems
• Financial returns currently reflect a 25% net profit (approx.) including owners' salary.
• Consistent trading figures through COVID relatively recession proof business.

YOU NEED TO KNOW:
• Asking Price; $680,000 + SAV
• Turnover; $1,250,000 (2021)
• EBITA; $340,000 (approx.)
• Lease; Currently owner/occupier - new Lease available to buyer.
Further information & Financial history would be available after Confidentiality requirements have been completed.

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This business is somewhat unique and has no similar competition in this region, category or price bracket.


Contact Seller
Tony Lee

Bsale ID: 551829
Broker REF: 13082

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