Security Company NACOSS Gold Accredited For Sale

Business description

The business was originally established in 1988 and bought by the present director in 1999. Since this time it has grown consistently year on year building a valuable base of maintenance contracts and forging excellent trading relationships with local authorities and regional emergency services.

Its strategy has been to create a fifty fifty split in its revenues streams between domestic and commercial work in which it has been successful. Its business is generated mainly within the county of Devon with a small percentage of its revenue coming from Cornwall, Somerset and Dorset.

The company is able to offer both physical and electronic security, as it is a member of the Master Locksmith Association. It is, therefore, able to offer every aspect of security with the exception of manned operations. Its services include;

Domestic and Commercial Burglar Alarms
Fire Alarms
Security Barriers
Security Doors
Access Control Systems
CCTV
Lock Changes and Upgrades
Safes, sold, opened and serviced
Panic Systems
Maintenance Contracts



Customer Service:

The operation has two three-year contracts with the local authorities which have one and a half years left to run. Security is installed to protect vulnerable victims by providing changes of locks, strengthened doors, panic rooms and alarm systems. The company also operates a facility for the police where their locksmith skills are heavily in demand.
The customer database numbers around three thousand clients past and present. These include local authorities, leisure sector, Schools and Colleges, Hospitals, Hotels and Care Homes as well as a large number of domestic clients. The business also operates a key cutting and locksmith service from its offices.

Key Strengths:

NACOSS Gold Accredited
Member of the Master Locksmiths Association
Well Established
No Borrowings
Circa Two thousand Maintenance Contracts
Contracts with the local Police force, local Councils

Property information

Property:

Leasehold

Lease terms:

The rent is £910:00 per month.

Location:

The business occupies leasehold premises in a secondary retail area. It is located on a main road into the town with excellent levels of passing traffic and parking available in the immediate area.
The premises consist of a retail locksmiths, offices, a loo and kitchen. The business has excellent access for the disabled. The rent is £910:00 per month.

Other information

Expansion potential:

There is still a large amount of untapped business to be developed in the area. South Devon has yet to be fully exploited and the business would benefit from a small dedicated sales team. There is also a significant opportunity to be explored with the local NHS.

Competition / Market:

The business advertises in The Yellow Pages and The Thomson Directory. It occasionally carries out leaflet drops in targeted areas, sponsors local events and invests in periodic radio advertising.

Support & training:

The director is extremely keen to see this business continue to flourish and will be available to facilitate a smooth and professional handover for a period to be agreed as part of the overall sales process.

Reasons for selling:

The managing director has decided to emigrate.