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Established Mobile Locksmith Business for Sale in Nottinghamshire

Undisclosed, Nottinghamshire

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    22/04/22

  • Advert ID

    294177

  • Reference

    B06846 / Rightbiz

  • Call Agent:

    Registered members »

  • Asking Price: £54,995
  • Turnover: £99,957 (£1,922 Per week)
  • Net Profit: £68,759 (69% Profit margin)

Business Details

Well Established Locksmiths For Sale

Business
Please quote reference B06846

CoGoGo welcomes to the market an exciting opportunity to acquire (on a business only basis) an exceptionally well run and respected mobile locksmith business.

The business has been under the careful and meticulous ownership of our client since 2003, building up an excellent reputation and is a proud member of the Master Locksmith Association. The business has only now come to the open market as our client looks to take semi-retirement after many successful years of trading, and who would like to see the business pass to someone with the same drive and enthusiasm to take the business forward.

The business supplies, installs and offers a repair and servicing facility for a range of major clients either working with, or representing them on their contracts. This also involves call out work representing companies on the service side for breakdown of locks and doors. The business also supplies and installs all types of locks for wooden and metal doors, along with all types of locksmith work, including opening and replacing all types of locks, key cutting, master keyed locks, safes, and all electronic locks for access control.

The current business owner has indicated that 90% of the work is on a commercial basis including hospitals, schools, offices, shops and also new projects, with the other 10% of the work is done on a domestic basis. All work being based on many years of networking, complimented with a host of repeat and referral business.

We feel there is tremendous scope to increase the turnover for the business, by undertaking a robust marketing campaign, along with the introduction of a dedicated website to promote the business and services, along with the use of social media. The business could also offer a 24hr service and could possibly look at expanding into the automotive side of the industry.

The current business owner is more than happy to offer an extended hand over period if required to ensure the smooth transition. This well-established business trades on its reputation for quality and service and has outstanding future possibilities and would make an ideal purchase for an existing business owner looking to increase their position within the industry.

The businesses extensive client contract list, along with some industry equipment.

A tremendous opportunity to own this well-established and popular business, and early enquiries are highly recommended to avoid disappointment.



Location
The business is currently located within the Nottingham area, with the operation covering a wide area. Due to the nature of the sale, on a business only basis, it could easily be relocated to suit the needs of the potential buyer.



Premises
Relocatable.



Tenure
Business Only.



Hours
The business has no set trading hours.



Staff
The business is owner run and managed.



Financial Profile
Financial information can be made available upon request.

Please quote reference B06846



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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'Well Established Locksmiths For Sale - B06846 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.