Location: Metro Vancouver, British Columbia
Listing ID: VANCOBC002-N508
During the COVID-19 pandemic, from March 1, 2020 to May 31, 2020, this business has increased its sales – a rare feat during these challenging times. This demonstrates the resiliency of the business, its status as an essential service, its strong brand, and loyal customer base. This opportunity is very well priced and the purchaser will acquire a reputable, long-standing business, with an established brand presence in its service area complete with a fleet of fully equipped service vehicles and experienced technicians who provide superior service to commercial and retail customers.
The locksmith industry is an essential part of every community. Industry sales are driven by business activity, population growth, income per capita in the local community, construction, and real estate activity. This business is well-located based on these sales drivers.
The ideal purchaser fits one of these profiles: already in the locksmith industry as a locksmith or business owner, or has construction industry experience that includes work with keys and locks.
Business Asking Price: $699,000
Type of Sale: Share Sale
Inclusions in Asking Price: Operational Balance Sheet Inclusive of Furniture, Fixtures, and Equipment; Goodwill; and Normal Net Working Capital of $60,000 (Inclusive of Inventory)
More Information: PMABB Website
Total Sales: $990,000
EBITDA: $332,000(Included in Price) (Included in Price)
Reason For Sale:
Vendor is looking to retire.
Training & Support:
Vendor will provide an agreed period of training and transition to the new owner.
Growth opportunities and expansion potential available in a Confidential Information Memorandum, please contact us for more information.