Description

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.

Posted Aug 23, 2016

Did you know that social networking is a great way to buy a business? Sign up now and we'll show you how.

By clicking "Sign Up" you confirm that you accept the Terms of Use and Privacy Policy, including cookie use.

Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.