BUSINESS DETAILS
Location:
United Kingdom, East Midlands,
Sector:
Services, Locksmiths
Asking price:
£1,150,000
Sales revenue:
£1,135,000
Net profit:
£240,000
Years established:
14
Trading hours:
Monday – Friday: 8.30am – 6.00pm
Saturday: 9.00am – 5.00pm Locksmith/Engineer call out 24/7/365
Number of employees:
213
OTHER DETAILS
Reason for selling:
A genuine retirement sale, although strong managerial succession is in place for the new owner, if required.
Support and training:
Full support and any necessary training will be provided during handover as part of a successful sale package.
Business is relocatable:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The premises are being offered on a leasehold basis, with the benefit of a newly negotiated lease, as one of the Directors is the Landlord and Freeholder
BUSINESS DESCRIPTION
National Full Service Locksmiths
Ref.JB016
Location Midlands
Asking Price £ 1,150,000
Turner Butler are delighted to be appointed as sole selling agents for this exciting business opportunity which has never been brought to the market for sale before.
This family owned and managed business has been dynamically and skillfully operated with great energy since 1996. The business has been steadily growing throughout this period, to a point today where they stand at the pinnacle of their industry and, again through skillful management and great vision, the business now stands on an excellent trading platform for the future.
The company operates from its central “hub”, which includes a very widely and substantially stocked retail outlet, which in itself has seen strong growth even in the leaner economic times currently being experienced. The family have invested heavily in the “engine room” of their business, this being their human resource, their technical abilities and their state of the art equipment. The training ethic is also very evident in this business, with training updating being addressed at the earliest possible convenience.
The operational team of the business has a strong management structure and a high level IT interaction, which deals efficiently with everything from the day to day itinerary building through to a full accountancy package, as well as holding their very large customer database.