Established over 35 years ago, the company is the go-to provider for locksmithing and security in Auckland. It is also a nationwide service provider for numerous prominent national and international companies. The shop/warehouse is owner occupied and is available for purchase along with the business.
Majority of the company's revenue is recurring (over 70%) and derived from repeat work, delivering a normalised EBITDA of $338,000 in 2019 (December financial year-end). They have demonstrated ability to generate cashflows with minimal working capital funding requirements.
Business is fully managed and led by an Operations Manager and a team of experienced and highly capable staff, who have the skills to guide the organisation through successive stages of growth.
The company has long-term relationships with numerous blue-chip clients and there is low customer concentration, with minimal reliance on any single client. Furthermore, extremely low customer attrition during the past ten (10) years.
With proprietary hardware in place at over 500 locations, significant switching costs exist and revenues are very resilient.
The business has countercyclical elements that make it resistant to economic downturns, due to the increased need for security when the economy weakens, caused by an increase in property crime.
This is a rare opportunity for a driven operator to purchase a top locksmith and security business and grow it significantly. This would also be an opportunity for an existing company in the security industry to add or enhance an Auckland position.
Price on Application
Contact Pauras Rege - 021 155 8107 today for more information.
For a confidential discussion please complete our online confidentiality agreement.
Click or copy/paste this link to get started: www.ds4u.cc/abc?ref=32120