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Listed by:

Royal Business Brokers

Established Security Systems Locksmith Business In Portland For Sale

Portland, Oregon, US
Asking Price:
$300,000
Sales Revenue:
$425,000
Cash Flow:
$40,000

Motivated Seller! This established locksmith and security products/ services provider is part of a brand has been providing solutions to residential and commercial customers for the past 70 years. The parent company has grown into a nationwide brand and remain dedicated to providing clients with both outstanding customer service and quality work. They separate themselves within this fragmented, “mom and pop” locksmith industry by focusing on an array of fully integrated security products and services for a predominantly commercial client base.

The owner’s role is to scale and manage the business, focus on growth, and support technicians in the field who are engaged in providing locksmith services and other work around security systems. The 2 week initial training and ongoing support from corporate is tremendous, and a major reason why franchisees continue to be successful. Additionally, there are a number of national accounts that provide an excellent source of additional revenue for the current owners and other franchisees in the system.

The current owner has done a great job building up an initial customer base since 2017, which includes all of Portland, Or and Southwest WA. The territory covers a population of about 2.3 million and over 60k qualified businesses, which provides a tremendous opportunity for a new owner to take this business to the next level!

Property Information

Real Estate:

Lease

Size in square feet:
500

Business Operation

Expansion Potential:

This business covers an expansive, rapidly growing territory in the Portland Metropolitan area with a population of about 2.3 million, which equates to the size of over four territories!! A typical territory will include about 500,000 in population and at least 15,000 businesses. This is an opportunity for a new owner to take the business to the next level by focusing on networking to various referral sources such as contractors, realtors, health care providers, school districts, etc. National accounts will continue to fuel growth as well as employing a proactive sales and marketing strategy with suggestions from corporate.

Competition / Market:

In an industry that is fragmented with mom and pop shops, this brand has been a catalyst for change in the locksmith industry by offering more than standard locksmith services. They have experience working on an array of security solutions from simple rekeys and repairs to complete physical security solutions. Their technicians are trained and certified as security specialists. This brand has evolved over the years by identifying and offering the latest high tech, top of the line security products to its customers. They have been dedicated to providing outstanding customer service, quality work, professionalism, and consistency. Some products and services include exit devices & crash bars, master key systems, lock re-keying, security vault installation, door repair & hinges to name just a few examples.

Reasons for selling:

Please call to discuss

Employees:
4
Years established:
2

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

The owner is willing to include a 2 month transition period. Corporate also provides a 2 week training program which includes topics such as: Technical aspects of both the locksmith and security systems industry, Staffing, Scheduling, Training, Marketing, Daily Operations, Inventory, and Accounting. The ongoing support that is provided from the corporate office, as well as other franchisees, is a key advantage to helping owners manage daily operations and strategize around continued growth in their businesses. A National Call Center manages all prospective customer inquiries through a toll free number.

Contact Information

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