Locksmith Business for Sale: Is it a Good Deal?

Are you interested in buying a locksmith business? In this blog post, we’ll be discussing a unique opportunity to acquire a mobile locksmith business. Although the business is anonymous, it offers residential and commercial services, including property management companies, and it deals with a variety of locksmith-related tasks daily. The business has good-paying customers, and the current owner works 35 hours a week, leaving room for growth.

The sale of the business includes a fully equipped van along with inventory, and the sellers will provide the buyer with two weeks of training. The asking price is $119,000, which includes the inventory and the fully equipped van worth $60,000. The business cash flows at $57,000, which is almost equivalent to one year of income. Therefore, we need to know whether it is a good deal or not.

First, let’s start with the red flags. The listing does not provide a list of equipment, which makes it hard to determine the value of the equipment and van. Although the listing says that the business has good-paying customers, we do not know how many. Also, the inventory value is not specified, making it hard to determine the value of the business.

However, assuming that the inventory value with the van is around $30,000 and that the van is worth around $40,000 (with under 40,000 miles), the business's asking price appears reasonable. Also, the business cash flows at $57,000, which means that it has a steady stream of income.

When buying a business, you need to consider the value of Blue Sky. Blue Sky refers to the intangible value of a business, such as its reputation, brand, and customer base. In this case, the Blue Sky value is around $62,000, which is reasonable.

Overall, if you are looking to purchase a locksmith business, this is a good opportunity. However, you need to make sure that the equipment and van are worth the asking price. Also, you need to consider the value of Blue Sky, which is essential in buying a business.