Business Overview
An excellent opportunity to acquire an established and profitable locksmith business with a strong reputation, substantial goodwill and a proven trading history.
Operating within a recognised national franchise network, the business has developed an established customer base, a strong online presence and an excellent reputation for service and reliability.
This opportunity would suit an existing locksmith looking to expand, an ambitious operator seeking an established business, or a purchaser looking to acquire a proven operation rather than start from scratch.
The current owner is looking to sell to pursue semi-retirement, creating an opportunity for a new owner to take the business forward and build on its existing foundations.
Established Reputation and Goodwill
The business benefits from substantial goodwill built through its trading history, customer relationships and strong online reputation.
It has hundreds of positive customer reviews across Google, Trustpilot and Facebook, helping establish trust and credibility with prospective customers.
The business has also received recognition from an independent business-rating organisation for its standing within the local market.
Its established website, online presence and existing marketing and search engine optimisation support provide a foundation for continued customer acquisition and future growth.
For a purchaser, this represents an opportunity to acquire an established reputation and online presence that would take considerable time and effort to build independently.
Financial Performance
The business has demonstrated consistent profitability.
- Latest completed financial year: Turnover £83,500; net profit £38,120.
- Previous financial year: Turnover £89,653; net profit £34,190.
- Current financial year to date: Sales up 3% and net profit up 11% compared with the equivalent period last year.
The financial figures have been verified by the seller's accountant.
Profit figures are after business operating costs, including franchise fees and marketing/SEO costs, but before the owner's personal tax and drawings.
Further financial information can be made available to suitably qualified prospective purchasers following an initial confidential discussion.
Franchise and Ongoing Support
The business operates under an established national franchise model, providing a framework for the incoming owner to continue trading and develop the opportunity.
The purchaser will be required to enter into a new five-year franchise agreement.
There is no upfront franchise fee payable to the franchisor. Mandatory training costs approximately £1,200.
Current ongoing costs are approximately:
- Franchise fee: £294 per month, including VAT.
- Marketing, Google Business Profile management and SEO: £222 per month, including VAT.
These costs are already reflected in the financial performance stated above. Terms should be confirmed with the franchisor by any prospective purchaser.
What's Included
The sale offers the opportunity to acquire the established business operation, together with its associated online presence, website and pages, subject to the applicable franchise arrangements.
Stock and tools/equipment are available separately at an agreed valuation and are not included in the asking price.
Growth Potential
A new owner could build on the existing customer reputation, online visibility and established business foundations. Potential opportunities include developing customer relationships further, increasing marketing activity and expanding the services offered, subject to the franchise agreement.
Reason for Sale
The owner is looking to pursue semi-retirement after developing the business into an established and profitable operation.
Confidential Enquiries
The sale is being handled confidentially. The franchise brand and precise business location will not be disclosed in the public listing.
Serious prospective purchasers are invited to make an initial enquiry through the advertising platform. Further identifying information and supporting details can be provided to suitably qualified buyers as the sale process progresses.
Asking Price: £84,950
Stock and tools/equipment available separately.
