7 – Locksmiths

Overview

7 - Locksmiths is a home-based, owner-operated locksmith business serving customers across Bristol. Operating as a sole trader, it provides locksmith services to a broad local catchment and benefits from strong reported turnover, high net profitability, minimal overheads and an established online presence.

The sale is offered on a goodwill and brand-led basis. It is best viewed as the acquisition of the brand name, website and online presence rather than a fully equipped operational asset sale, as no tools, equipment or physical assets are included.

This is a young but profitable business that may appeal particularly to an existing locksmith or trade buyer able to absorb the enquiry flow and continue trading with very low fixed overheads.

Business Highlights

- Reported turnover of approximately £100,000
- Reported net profit of approximately £40,000, a net margin of around 40%
- Very low-cost operating structure with no premises costs and no staffing costs
- Home-based and mobile, offering flexibility over the operating base
- Established website and online presence driving incoming enquiries
- Transferable brand name, domain, email address and telephone number
- Strong Bristol catchment across residential, landlord, commercial and emergency demand
- Simple, single-operator structure

The Business

7 - Locksmiths is operated solely by the owner, with no employees, subcontractors or staff. This creates a straightforward operating structure, though it also means the business is closely tied to the owner's personal labour, skills, availability and local reputation.

The most suitable purchaser is likely to be an experienced locksmith able to continue trading directly, or an existing locksmith company that can absorb the brand, website, telephone number and incoming enquiries into its current operation. For a buyer already active in the sector, the website and brand could provide an additional local lead source and help expand coverage across Bristol.

The key transferable elements included in the sale are the business name, website, domain name, email address, telephone number, customer enquiries, online presence, any transferable marketing channels, and the goodwill attached to the trading name. As no tools, van, stock, equipment or premises are included, the asset base is limited and the opportunity is positioned accordingly.

Location

The business is based in Bristol. As a mobile locksmith operation, its value is not dependent on a fixed retail or commercial premises, giving a purchaser the flexibility to continue from a home base, relocate the operational base locally, or integrate the business into an existing locksmith or security operation.

Bristol provides a strong catchment for locksmith services, with demand from residential customers, landlords, letting agents, commercial premises, emergency call-outs and property maintenance clients.

Premises & Tenure

The business is home-based and does not operate from commercial premises. Tenure is home-based, with no lease and no rent payable. This is a positive feature from a buyer's perspective, keeping fixed overheads low and allowing a purchaser to continue operating with minimal ongoing cost.

Financial Overview

The seller has provided the following headline financial information.

- Turnover: approximately £100,000
- Net profit: approximately £40,000
- Net profit margin: approximately 40%
- Add-backs: none advised
- Premises costs: none
- Staffing costs: none

The reported profitability is strong and reflects the low-overhead, home-based structure. The profit is closely linked to the owner's personal labour, as the business is currently operated by one individual with no staff. As the business has a limited trading history, the financial performance should be verified through accounts, bank statements, job records, invoices, website enquiry data and call records.

Growth Potential

There is clear potential for a purchaser to increase sales further through:

- Google Business Profile optimisation and local SEO improvements
- Paid Google advertising and social media marketing
- Building local landlord and letting agent relationships
- Securing commercial maintenance contracts
- Review generation, repeat customer follow-up and expansion into wider security services

Reason for Sale

The seller is emigrating and is taking the tools abroad. The business is therefore offered for sale on a goodwill and brand-led basis.

Next Steps

7 - Locksmiths represents a young but profitable home-based locksmith business with strong reported turnover, healthy net profit and very low operating costs, supported by an established website and brand name. It may appeal strongly to an existing locksmith or trade buyer able to take over the enquiry flow and continue trading with minimal fixed overheads. Goodwins can market the opportunity openly or on a confidential basis and offers BizFi, an in-house purchase funding service through which qualified buyers may apply for finance towards their purchase. To arrange a conversation or express your interest, please contact Goodwins Business Brokers. Full details are available in the Information Memorandum.