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.
Article by PJ Slauson
In 2004, PJ Slauson (then only 19 years old) was working as a locksmith for his dad’s locksmith company and going to college. His dad had a little DBA side business selling locksmith supplies to locals. He had a few shelves in the back of his key shop with some keychains and padlocks which PJ started selling online to make a little extra money.He quickly sold out, eventually PJ decided to setup his own website, and clksupplies.com took off immediately.
