Locksmith & Security Firm with Recurring Revenue

Listing Number: 6842-943233

Description

This locksmith and alarm company is a family owned and operated security business. It is well known and highly respected provider of commercial and residential security and safety systems in Manhattan for almost 50 years. They are licensed and bonded locksmiths who provide alarm service, installation and repair, audio & video intercom systems, video surveillance, security monitoring and a variety of other security related services. They feature the latest technology in alarms, surveillance cameras, video & audio intercoms, locks, card access, gates and safes. They service and install lock and security systems for several major Manhattan property management companies across the city. They are proud of their prompt, professional service 24 hours a day, seven days a week, 365 days a year. They have very competitive prices and offer free estimates.

The volume of commercial and residential construction and development in Manhattan means opportunity for the local lock and security industry. And there is nothing to prevent an aggressive new owner from bidding on large projects in Brooklyn or Queens as well.

There are ten years remaining on the lease. Rent is $5,700/month.

Listing Details

• Price: $450,000
• Down Payment: $450,000
• Sellers Discretionary Earnings: $153,912
• Total Sales: $440,955
• Location: New York County, New York


• Inventory: $7,500
• FF&E: $15,000
• Employees: 6
• Year Established: 1974
• Reason for Selling: Retirement.
• Category: Locksmith,Security Related