Sydney-Based Safe And Locksmith Specialist For Sale Asking $A1.89 Million.
Safe And Locksmith Specialist For Sale – A Sydney-based specialist physical security, safes, vaults and commercial locksmithing business has been listed for sale asking $1.899 million.
The business has an annual turnover of $1.4 million and thanks to a net profit margin of 29.4 per cent delivers a net profit of around $411,000.
This business has been operating for nearly 25 years and has an established customer base across government, commercial, industrial and mining applications.
Operations include safe supply and sales, including new, used and refurbished safes, specialist safe opening, manipulation, repair and maintenance, as well as vault supply, installation, servicing, opening and removal.
The business also undertakes specialist transport, installation, removal and relocation of heavy security equipment, commercial locksmithing, restricted master key systems and security hardware.
Government security work includes SCEC-related products and services and high-security storage solutions. The company is also described as an Australasian distributor of specialised safe ‘time’ locks, which are used by retailers to protect themselves against robbery.
The sale includes 2 purpose-built crane trucks, a service van and specialist safe and security equipment. Staffing comprises 2 full-time safe technicians/locksmiths, including the vendor, 3 casual staff, including a qualified locksmith and 2 trade assistants, and administration personnel. A network of subcontractors provides additional coverage across NSW.
Further financial, customer and operational information is available to qualified potential purchasers subject to a confidentiality agreement.
You can learn more about this safe and locksmith specialist for sale here or read more SEN news here.
“Sydney-Based Safe And Locksmith Specialist For Sale Asking $A1.89 Million.”
Sale inclusions / plant and peopleWhat Transfers With The BusinessThe listing is a going concern rather than a client list. Purpose-built plant and a trained crew are the two assets that make the scope of works deliverable.Plant and equipment02Purpose-built crane trucksThe capability that allows safe and vault relocation work to be quoted at all01Service vanField servicing, locksmithing and maintenance calls+Specialist safe and security equipmentOpening, manipulation and rigging tooling accumulated over 25 yearsPeople02Full-time safe technicians and locksmithsIncludes the vendor, who works in the business03Casual staffOne qualified locksmith and 2 trade assistants+Administration personnelQuoting, scheduling and compliance supportNSWSubcontractor networkAdditional coverage across the state beyond metropolitan SydneyKey person considerationWith the vendor counted as one of only 2 full-time technicians, a buyer without safe technician credentials will need either a handover period, a hire, or both. The cost of that replacement is the single largest variable in the earnings a purchaser will actually retain, which is why it appears as an adjustable input in the return calculator above.Inclusions as advertised by the vendor. Further financial, customer and operational information is available to qualified potential purchasers subject to a confidentiality agreement. The full listing can be viewed here.
Safe And Locksmith Specialist For Sale
