Domestic and Commercial Locksmith & Security Business North Bucks £ 95,000.00 + SAV

For sale £95,000 - General Retail

Traditional Locksmith trading from High Street location trading in speciality security products and locks. They provide a local 24 hr call out service as well as Grilles, Barriers, Keys to Code, Master Suited Locks, Safes and Cabinets. Run as a managed operation the current owner is looking to retire.

Though previously ran from different premises, the current owner bought the business in 1994 and moved to its current location servicing North Bucks and surrounding areas. The current owner managers the retail premises and employs a full time Locksmith to support the business and service clients. They provide a 24 hr call out service. The Business operates a walk in key cutting service as well and provides product, advice and service to domestic & commercial clients, local councils and housing associations.

Current trading is ca 165K pa producing profits of ca 50K per annum.

Rent for the premises is £7,700.00 pa, with full rate relief available meaning rates payable are currently none. A new 10 year lease is available though the current lease has expired.

We believe that this business would suit a locksmith, or trader working in the region wishing to bolt on new clients and trade to their business, it could be relocatable

The business is offered with all fixtures and fittings ready to trade, (full list available on viewing) Offers are invited for the company to include all assets and goodwill on a cash free debt free basis. Current stock holding is ca 90K book value, (open to offers )

A full profile is available once a confidentiality & non disclosure agreement has been signed. All arrangements to view are strictly by an appointment through the offices of City Business Brokers and no approaches whatsoever should be made to the owner or the business.

Enquiries to: David Howard City Business Brokers Northampton O: 01604 385040, M: 07794729634, davidh@citybusinessbrokers.co.uk

All above information is provided by the seller. City Business Brokers makes no representation or warranty as to the accuracy of this information.

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