Locksmiths Safes CCTV Key Cutting For Sale

Business description

Profitable Security business for sale focussing on Locksmiths, Safes, CCTV and key cutting

This successful security business, focussing on locksmithing, safes, CCTV and key cutting was established by the current owner more than seven years ago. It is located in an affluent North London area, close to major transport links and adjacent to a major Sainsburys store.

The business enjoys a robust mix of both corporate and domestic business: the former accounting for some 60% of current sales.

A sound reputation has been earned since inception, largely centred around the highest levels of personal service, coupled with competitive pricing and reliability of call out – a critical quality for a locksmith.

The business maintains a large corporate client base, looking after the needs of a number of managing agents of multi-tenanted mansion blocks of apartments. More than thirty feature amongst the customer base. In addition, the business provides locksmith services to a Royal client (more detail can be provided upon request).


Equipment

A Unocode computerised key cutting machine is installed, for the cutting of motor vehicle and other complex key systems. Manual key cutting machines are also utilised.




Customer Service

Speedy, reliable customer service sits at the heart of the company strategy. Full 24 hour, 7 day call out service is provided.



Key Strengths

The company has earned an outstanding reputation for its honesty, service, reliability, casual and open customer experience, excellent quality and highly knowledgeable and experienced staff. The robust nature of the corporate client base brings great strength and continuing new business.

‘Word of mouth’ recommendation is, additionally, a major source of new business. 120 account customers regularly do business with the company: little bad debt has ever existed

Property information

Location:

Excellent high street premises are utilised of circa 700 square feet with yard and parking for three cars. There is in addition a basement and mezzanine for storage. The current lease expires in 2010 and is renewable. Passing rent is £8,750 per annum: business rates are currently £3,000 per annum.

Other information

Expansion potential:

Much opportunity for major expansion exists for a new owner. Since little marketing has been undertaken in the past, the establishment and execution of a strategic marketing plan would bring substantial benefit and thereby new business. A website can be professionally designed, hosted and maintained at modest cost.

Competition / Market:

To date, most new business acquisition has been largely reactive. The recruitment of a sales executive to lead a sales drive, specifically to corporate clients, would bring about significant and speedy benefit. This can be targeted at end users. However the facilities management (FM) marketplace will bring about major new opportunity, with the business operating as a sub contractor, to lead organisations.

Support & training:

A period of training, handover and familiarisation will be provided to ensure a smooth transition to new ownership.

Reasons for selling:

The current owner is relocating to Australia and therefore wishes to dispose of his interest in the business.