Summary: 
63% profit margin with over 200 clients and room to expand.
Business Type: 
property
Business Type: 
service
Location: 
Nebraska
Price: 
$127,000
Sales Revenue: 
$72,304
Cash Flow: 
$45,568
Realestate Included: 
No
Inventory: 
$11,250
Internal Listing:: 
SER024
Reason for Sale: 
Moving out of state

63% profit margin with over 200 clients and room to expand. Over half of the clients served in this business are longstanding corporate accounts that want to stay with a locksmith business they feel they can trust. Winning the prestigious Super Service Award on Angie’s List for 4 years, this locksmith business has significant experience with both residential and commercial services, ranging from simple rekeying to sophisticated digital business systems as well as a complete range of safe services for every type of safe. This turnkey business is operated as a mobile only business, which offers the owner the ability to operate the business from anywhere within the Omaha/Council Bluffs Metropolitan area and have the flexibility to set their own hours and not worry about maintaining a storefront. Although this business is already successful, a new owner could further expand the business by offering vehicle locksmithing services and expanding their on call availability.
In the first year, after all debts and expenses are paid, a buyer with a down payment of $12,700 would profit $25,351, thus making a 199% return on their down payment.

Financial Overview
List Price: $127,000
Gross Sales
2015: $72,304
2014: $111,901
2013: $96,667
2012: $93,038
Owner Profit/Cash Flow
2015: $45,568
2014: $67,892
2013: $53,240
2012: $58,957
Profit Margin: 63%
Multiple: 2.8*Multiples range from 1-5, with the average being 3
Valuation: [2015] Cash Flow x Multiple = Price
$45,568 x 2.8 = $127,590

Assets Included in Purchase: $33,730
Vehicles: 1 Ford E-150
Equipment: $22,480
Inventory: $11,250
Intangible Assets: 4 Years Super Service Award on Angie’s List, Website, Large client list with several corporate accounts, Manufacturer warranty referral
*amounts may vary
Business Information
Year Established: Opened in 1985, current owner purchased from family member in 2010
Location and Service Area: Metro Omaha/Council Bluffs
Number of Clients: 200+, several corporate accounts
Reason for Selling: Moving out of state
Employees: 1 subcontractor
Hours: Mon.-Fri. 7:30AM-5:30PM, some on call
Seller Training Period: 90 days
Growth Opportunities: expand into automotive locks, increase on call availability
Current Owner’s Responsibilities: Owner/ Operator

Funding Example
Purchase Price: $127,000
10% Buyer Down Payment: $12,700
10% Seller Financing: $12,700
80% Bank Loan: $101,600
[In the first year, after all debts and expenses are paid, a buyer with a down payment of $12,700 would profit $25,351, thus making a 199% return on their down payment.]

Next Steps
For a detailed financial package, please contact Cortney Sells or one of The Firm Business Brokerage’s professionals at 402.998.5288 or email Confidential@TheFirmB2B.com.

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