Business For Sale Listing 157021
Profitable Security & Locksmith Business
Status as of Jan-6-2009 at 05:59 PM: Active
Business Summary
Over the years, the company has become the largest firm of its kind in the Province of New Brunswick. In 2007, the company conducted a survey and found that based upon sales, 90% of its customer base is commercial and the remaining 10% coming from the residential market. The company’s client list is comprised of the federal and provincial governments, all the major banks, corporations, institutions, commercial and residential homes.
The company has three lines of businesses: locksmith services, contract hardware and; automatic entrance systems & services. This is a stable profitable company offering services in a market where demand continues to grow. With a new entrepreneur owner that has the drive and energy will quickly take the company to the next level. It also would be a good fit for someone or company in a similar line or complementary line of business today. It also is a great fit for someone that has just retired or completed a career in the military or police services.
The company is listed for $1.2 million. Based upon the company’s balance sheet at June 30th, 2008, the assets are valued at approximately $1.9 million. This includes cash, prepaids, accounts receivables, inventory, the building and property. Shareholder equity is $223, 000 and the owners wish it to be a share sale. There is significant amount of flexibility the structure of the transaction. The owners are open to looking at various options on seller financing. The owner / operator are willing to stay on for a specific period of time to ensure the transition of the business is a successful one.
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