Skip to content 
Asking Price: $600,000
2024 Sales: $1,511,947
FF&E: $ 85,000
Inventory: $ 100,000
AR: $ 85,000
2024 Cash Flow to Owner: $261,190 (Accrual)
Business Description: This locksmith business for sale is a well-established locksmith selling and servicing access control, grand master systems, cameras, door closer, vehicle remotes and safes to businesses, large corporations, mega-churches and homeowners primarily in Dallas Fort Worth Texas area, but also across Texas. Services range from a simple key duplicate to drilling safes to massive access control jobs in 20-storey buildings and can be provided at the shop or mobile.
Customers are primarily repeat and referral. There is a lot of room for growth with proper advertising, networking and adding techs to take on larger volumes. The seller estimates that sales are approximately 55% parts, 25% labor, 10% access controls, 8% shop and 2% safes. The seller further estimates that they have an established customer base over 20,000+ active customers. The top 10 clients are estimated to total 20% of sales with the largest customer representing approximately 6.2%. Walk-in sales account for approximately 20.7% of sales and represent 100’s of customers. The business has an excellent trade customer resource program.
NOTE: Seller PREFERS that Prospective Purchasers have locksmith and access control industry experience and current licensing (or ability to be licensed).
How do I value my Security Locksmith Business for Sale?
The owner primarily oversees the business and financials. The Company’s well-trained and long-tenured employees hold all necessary licenses and perform all day-to-day operations. An outside accountant handles payroll, financial reporting and taxes. The business has an exceptionally long track record of higher profitability. While the owner has excellent industry knowledge, they readily admit that as they near retirement, they lack the initiative and motivation to profitably grow the business in recent years. The owner represents that the business has excellent books & records and can prove all sales & expenses.
The owner takes regular vacations and relies on the trusted, trained employees to operate the business while they are away.
Texas Locksmith Business for Sale
The owner feels that there are many growth opportunities for an aggressive new owner. The business has a strong, central Dallas-Fort Worth location, skilled staff, good reputation and state of the art facility. The business operates primarily as a word of mouth “niche business”. The owner estimates that the business is only running at ~30% capacity. Capacity can be significantly increased by adding techs and service vehicles, improving schedule efficiency and pursuing existing sales opportunities.
Facilities: The business occupies ~2,372+/- SF with plenty of parking, leased for approximately $3,897/mo ($3,133 base rent + NNN). The lease expires approximately 4/30/2028 with small annual increases. Seller believes that landlord is willing to offer a long-term lease and options to a qualified purchaser.
Competition: The locksmith and access control industry is very competitive. Most companies competing in this space are similar sized or much larger. Some competitors offer a wide range of services or provide services in specific market niches. This Company focuses on creating relationships and bonds between the Company and their customers based on quality work, fair pricing, integrity, and reliability.
Exit Planning Gets BIGGER Sale Checks
Get a BIGGER Sale Check with our Locksmith Business Exit Planning
Blue Ribbon Gutter Manufacturer Sold
We Sold the Largest Gutter Business in Texas
Growth & Expansion: The owner feels that there are many growth opportunities for an aggressive new owner. The business has a strong, central Dallas-Fort Worth location, skilled staff and great reputation. The business operates primarily as a word-of-mouth repeat and referral business. The owner estimates that the business is only running at ~30% capacity. A new, energetic owner can further increase sales & profits in many ways: 1) adding service techs, 2) add service vehicles, 3) improve schedule efficiency, 4) pursue existing sales opportunities, 5) actively network with existing customer base.
Support & Training: The seller will train buyers in their oversight role for 4 weeks included with the purchase price. The seller is willing to provide additional training at mutually agreed compensation for a finite period.
Reason for Selling: Retirement.
Purchase Price: The asking price for the assets of the business is $600,000 with $120,000 CASH down payment and balance financed as a commercial or SBA7(a) loan. If required by a commercial lender, the seller will consider financing up to 10% of the price to a purchaser qualified/approved by the Seller. All financing is to be personally guaranteed by the individual principals of a prospective purchaser. THE SELLER PREFERS TO SELL FOR ALL CASH. The assets include Accounts Receivables valued at $85,000, Inventory at cost of $100,000 and FFEV (Furniture, Fixtures, Equipment and Vehicles) valued at $85,000. The price will be increased or decreased for total value of actual accounts receivables and inventory as of the sale date.
NOTE: The sale of a business is confidential and discreet; PLEASE DO NOT VISIT THE BUSINESS OR SPEAK WITH ANY EMPLOYEES. We know about many businesses that are for sale but might not be advertised. Check out www.adamnoble.com for more information and consider registering your criteria as a purchaser.
For information, reference Dallas Fort Worth Texas Locksmith Business for Sale 20423 and contact Jeff Adam, PE, MCBC, FRC, CBB at Adam Noble Group, LLC
Phone: (817) 467-2161
Are you looking for a buyer? Search other buyers at SEARCH OUR BUYERS, email or call us to discuss your opportunity. It may fit another active buyer’s search criteria. Thinking of selling: Contact us TODAY to Sell your Business
For 3 decades, we have been guiding business owners and their families CONFIDENTIALLY to exit their construction trade business with the BIGGEST paycheck of their life!
KEYWORDS: mobile automotive lockout fob keyless transmitter gate master security access control monitoring design installation maintenance monitoring fire detection services residential commercial integrated security controlled access video systems alarm protection investigations video systems alarm protection investigations surveillance video gates Entry vault protective Canine K9 Armed Escort patrol Sell my Texas locksmith business For Sale
During 3 decades of M&A service, Jeff Adam has successfully completed the sale of over 825 businesses and advised or completed 1,000’s of business valuations and exit plans. An entrepreneur in his own right, Jeff has started and grown 12 companies in fields including international finance, B2B services, business valuation, construction, screen printing, Mergers & Acquisitions, engineering, and manufacturing. Jeff has donated his time as a distinguished speaker at numerous national & international conferences since 1977 covering topics such as environmental services, engineering, media, craft breweries, exit planning, business valuation, charitable giving, management, business brokerage and M&A fields.
Jeff is President of Adam Noble Group, LLC, a national M&A Advisory firm, professionally valuing and confidentially selling profitable businesses owned by exit-motivated business owners to qualified strategic, corporate, private equity, partners, management, and financial buyers. Jeff establishes rapport, builds trust, and educates business owners in the steps to meet their goals as they prepare and achieve the discreet, confidential exit of their business. Jeff exclusively represents sellers of $1M-50M value enterprises and endeavors to transfer their businesses to qualified, capable acquirers who will build upon the seller’s vision, goals, culture, and history. Jeff maintains lifelong repeat and referral relationships with sellers, their acquirers, and service providers.
Adam Noble Group has multiple M&A and business broker specialties: Manufacturing, Aerospace Defense Industry, Oilfield services, Technology, Construction trades, Craft Breweries, Partnership Buyouts, Service, and Wholesale Distributors.
Our advisors and agents are multi-industry entrepreneurs who have successfully exited their own companies … we have walked in your shoes! Let us put the BIGGEST CHECK of your life in your pocket! Please contact us and we will confidentially answer all your questions. We will fully describe the process and answer all of your questions, all discreetly and with no pressure.
Our GUARANTEE: a 15-minute call could REALLY change your future!
