Buying a Safe on #Facebook to #Flip for #Profit
Hey there, fellow locksmiths and key enthusiasts! Today, I’m diving into a delightful and profitable adventure that unfolded on a rainy Saturday, featuring the 'lock father', his kids, and a couple of safes. If you’re into locksmithing, safes, and flipping items for profit, stick around – this one’s for you!
The Hunt for Safes: A Rainy Day Excursion
- Background: The lock father, along with his kids, set out on a journey to pick up a couple of safes he found.
- Types of Safes: One was a drop safe, and the other, a large Sentry safe.
The Art of the Deal: Snagging Safes for $50 Each
- Purchase Price: Both safes were acquired for just $50 each.
- Resale Potential: Estimated resale price ranges between $299 to $400.
The Journey: Loading, Transportation, and Disappointments
- Missing Safe: Unfortunately, one of the safes (the drop safe) was missing upon arrival, the most valuable one!
Profit Calculations and the Joy of the Craft
- Profit Expectations: Despite the hiccup, the lock father anticipated a neat $200 profit from the venture.
- Opening Challenges: A lost combination wasn’t a deterrent, thanks to skills in manipulation and key-making.
Family Ties: Labor Costs and Soda Shop Treats
- Family Assistance: The lock father’s kids helped with the heavy lifting, embodying the spirit of family business.
- Compensation: Payment for the day’s work? A pretzel and a dirty soda – plus a delightful visit to Target!
Reflections and the Essence of Locksmithing
- Family Bonding: The trip wasn’t just about safes; it was about spending quality time with family, echoing past experiences.
- ROI and Life Lessons: Though the ROI (Return on Investment) might have been impacted by the family outing, the life experience was invaluable.