Automotive lock smith providing emergency roadside service to unlock cars’ ignition system & making new keys if it is needed for motorist in central orange County area.
They serve all types & model cars from 1940s to the newest modes. According to the owners this service cannot be performed just by any auto repair mechanics & it is highly specialty service in itself. In case the car owners want the dealership service to unlock the ignition system, they need to tow the car to the dealership first; instead of being fixed at the spot & that is what this business technician’s do which is at the spot & where & when customers want it. Plus the dealership charges in average 25-35% higher price to unlock the ignition & to make new keys. They also provide service at their shop in case the car is drivable.
There are two partners who draw about $75,000 a year in salary each & the business makes extra $100,000 in addition to their salary
The owners have established the business in the late 90s & ready to retire. There is a long time employee on board who has been with the business since the beginning & he probably will stay after the business transition.
The owners willing to stay on & train the buyer as long as 8 weeks & provide phone consultation for another 8 weeks period afterwards as well.
Annual Revenue: $350,000
Inventory (Included in the price): $60,000
Seller’s Discretionary Cash Flow: $250,000
Asking Price: $300,000
Disclaimer: The information above was furnished by the seller. Broker or its agents have not verified the information and makes no representations as to its accuracy or reliability.
Asking Price $300,000
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