Locksmith Service Business for Sale in Jacksonville, FL

This listing presents a well-established Locksmith Service business located in Jacksonville, Florida. Founded in 1964, the business has a long history and a strong reputation, though it is currently struggling due to the aging principals. The asking price is $300,000, with gross revenue reported at $60,000 and a cash flow of $25,000. The sale includes furniture, fixtures, and inventory valued at $30,000 and $250,000 respectively. The business operates from a 150 ft storefront of approximately 2000 sq ft on a month-to-month lease. There are 5 employees. The primary owner is over 80 and the working principal is 70 and ready to retire, which is the reason for selling. The business is debt-free except for current accounts payable, and the current manager will be available during the transition. There are 2 competitors of comparable size and several smaller shops. Modernization of equipment and stock is identified as a key area for growth. The owner is willing to finance and train.