Extra outside work, one owner, one employee.
We are excited to offer to the market this exciting opportunity to purchase a profitable Locksmith and Retail Business that has successfully filled a gap in the local market within hull and surrounding areas. The business has built a solid client base throughout its trading history and provides scope for growth.
The business holds an efficient location which combines a practical workspace with a high street location; this allows for a range of customers for the business. The business specialises in all aspects of security and stocks an abundance of fittings from padlocks through to electronic safes. As well as this there is a small work area to facilitate key cutting and other small scale engineering options.
The business was initially set up as an outbound operation with 24 hour availability. This is no longer prominent within the business due to personal preference. This allows for huge scope to re-establish this and double turnover.
Whilst currently having an existing turnover of around £65,000,and capable of so much more, there is visible potential for growth within online sales and marketing exposure. The unit that the business trades within is hugely practical and can easily facilitate increased operating scale.
The business has a firm net profit which can be increased further more with various adjustments. The business is able to buy stock in bulk and utilise economies of scale in order to return strong gross margins in excess of 75%.plus.
The business could be excellently ran as an owner operated business, although it would certainly be expected to excel of purchased as a bolt on acquisition. The current owners are looking to sell and retire.ee .
Number of Employees: 1-5
Number of bedrooms: 1
Accommodation Details: one medium size flat
Location Details: high street
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