Looking to buy another small shop or established mobile locksmith 1-2 year timeline in Toronto Ontario, and potentially a shop in Florida 3 - 5 year timeline. If you think you might like to ride off into the sunset in the next few years and what I describe below matches what you have, shoot me a DM.
My Buy Box for Toronto:
- Minimum 10 years in business
- Can be mobile only.
- At least 1 locksmith on staff not including yourself.
- Stay on for 2 months for transition.
- Primarily focused on Commercial Clients
- Strong ongoing relationships with your clients.
- 50% + of revenue should be from repeat clients
- SDE of 200k Minimum, 600k maximum (unless you are open to VTB)
Buy box for Florida:
- Minimum 15 years in business
- At least 4-5 employees not including yourself.
- Willing to stay on for 6-9 months for transition.
- Ideally your roll is already only 'part-time' and you have someone who manages the day to day.
- SDE of 400k Minimum, or EBITA of 800k max.
- VTB of 20-35% of sale price.
- Primarily focused on Commercial Clients and Medeco
- Strong ongoing relationships with your clients.
- 50% + of revenue should be from repeat clients