Listing status: Inactive
Reason: --
Long-Standing & Reputable Locksmith Business, Central Coast
Long-Standing & Reputable Locksmith Business, Central Coast
Industry :
Industrial/ManufacturingSub Industry :
Building and Construction- Price $999,000 + SAV
- Annual Turnover $1,128,179 +
- Adjusted Annual Profits $398,083 +
- Monthly Rental $3,185.41
- Lease Term Lease Ends Aug 2028, Option 5 Years
On offer is a highly reputable Locksmith business on the Central Coast, operating for approximately 40 years, with the current owner bringing extensive Locksmith experience and incorporating two Locksmith businesses together. Located in an industrial location, boasting a modern workshop, clean and efficient showroom, with smooth workplace operations.
This business provides its services to commercial, domestic, and automotive clients. Approximately 95% of work is derived from commercial clients, including government and private long-standing clients.
Services Offered Include:
* Supply and installation, managing/maintaining Master Restricted Systems - this includes high level security systems,
* Supply and installation of Access Control and keyless entry locking systems,
* 24/7 Emergency After-Hours services,
* Supply and installation of locks to all aspects of the premise/facility. Rekeying, key cutting, repairs of locks, and supply and install of door closers,
* Supply, installation and servicing of safes,
* Servicing clients within our workshop and on-road with three (3) mobile Locksmith vehicles.
Additionally, this Locksmith business supply and install Security Doors and Screens proudly Australian owned and Australian made.
The Current Owners Work in the Business in the Following Capacities:
* First Owner: Oversees all aspects -- daily operations of workshop, front counter, on road technicians, and large/important client surveys. Hours are Monday to Friday - 8.30am-5.00pm,
* Second Owner: Client Services Manager -- Administration -- HR, policy/procedure, accounting, employment needs and reviews, staff induction, licencing checks. Hours are Monday, Wednesday, Friday - 8.30am-2.00pm.
Accompanying the Business Includes:
* x 3 Locksmith vehicles - for mobile services,
* All necessary machinery and equipment,
* A team of qualified and experienced staff,
* A large number of Master Restricted Systems.
This business would suit a qualified Locksmith, an experienced person in the Security industry, or a competing business looking to expand. Licensing requirements are required to run this locksmith business. Including but not limited to: NSW Security Licences individually and as a business, Member of various associations.
Please contact Dani Rifai from Business Agents (Licence Number 10064471) on 0411 870 977 or email dani@bagents.com.au for more information.
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Many BBNA Brokers are specialised in vertical markets, eg Medical, manufacturing, Accommodation, Legal, Hospitality etc. Many have spent years running or managing their own Businesses so have first hand knowledge on what makes businesses successful and unsuccessful.
To talk about a business, you have to understand the business, know where the money is made, understand the processes, sytems and be able to understand the risk factors.
Understanding a business from the Owners point of view and being able to relate information about the business to the Buyer from his point of view, being factual and not embellishing the actual results is what we seek to achieve.
To have Certified Practicing Business Brokers that are also Registered Business Valuers, you have the opportunity to get excellent advice on how to increase the value of your business as a Seller or as a Buyer. This advice is also impatial, we see the mistakes that are made on a regular basis. You are free to use our advice or temper it with advice from your other advisors. Generally our advice is free in general areas or you can engage a Business Broker short term to use us as a sounding board to work with you on more specific requirements.
If you are a Buyer and are looking for a specific business and you have not found it on our website or others, we may be able to find the business that best suits you. Often we know of business that are not on the market, but we know that the Owner would sell if there is a qualified Buyer looking.
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$999,000
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!
Can you afford the business? Do you need financing to assist with the purchase?
Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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