The Company was established in 1993 and has earned an excellent reputation in the industry for dependable service and fair pricing. The account base includes dozens of deep rooted companies, Governments, Hospitals, Schools, Mall, Stadium and many others. They do it all: 70% mainly commercial with some residential, 20% safe sales, 10% auto. No full service competitor within 20 miles. As a full service company they get referrals from auto locksmiths who do not do commercial and from commercial locksmiths who do not do auto. The Company is a factory certified distributor for two safe lines. They dominate the SW Riverside County and North San Diego County commercial market with proprietary keyways and fast and reliable service. Overall revenues are about half sales and half service. 2016 revenues are up over 25%.
85% of the Company’s business is repeat and referral. Equipment includes four fully equipped step vans plus a trailer for moving large safes. Seller is willing to remain with the company as the RME for an agreed upon period of time. Seller owns the real estate and is open to a long-term lease and is willing to carry up to a 10% seller note for the right buyer. Pre-approved for SBA financing.
Reason to sell
Support and training
: Seller willing to provide transition training and support.
: Pre-approved for SBA financing.
: 4,000+/- sq. ft. facility including office and showroom at $5,000/month