Evaluating a 200K Locksmith Business: Should You Take the Leap?
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- Опубликовано: 10 июн 2023
- Join PJ and the Lockfather as they evaluate a 200K locksmith business!
PJ and the Lockfather bring years of experience in the locksmith industry, and in this video, they provide valuable commentary and advice on how to value a locksmith business, what questions to ask, and things to consider before making a deal! Whether you're a locksmith looking to buy or sell a business, or simply interested in learning more about business valuation, this video is for you!
Let us know in the comments what you think. Do you think this listing is a good deal?
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ABOUT US:
Locksmithing is what PJ knows, he grew up watching his dad locksmith. PJ started his locksmith training at age 6 by learning how to cut a key! PJ, President of CLK Supplies shows locksmith tips, does locksmith training videos as a sort of locksmith school, interviews locksmiths goes over locksmith equipment, key cutting machines, and more. If you are interested in locksmithing, want to know how to use locksmith tools, or would like to learn a few new locksmith tricks you are in the right place. Welcome!
When the LOCKFATHER speaks its allways good to listen and learn. #LOCKBOSS
Sometimes these aren’t a bad way to get into the business. You start out with almost everything you need. You need to question why they were getting out of it but if it’s the right stuff and you already have some customer base you could have a turnkey operation. #LockBoss
Lots of great #Lockboss advice. There is a lot to think about when jumping into something as big as this, and it's extremely helpful to hear someone share their thoughts, knowledge, and experiences. 👍 Thanks, guys.
Interesting questions to have answers to. The #Lockboss learns from others, especially from the Lockfather... Great program.
great video, always good to ask about what's not there!!!
have a great day
Always good to hear from the lockfather #lockboss
Big difference between the #Lockfather buying a locksmith business and someone just looking for a business to buy. #Lockboss
Great video. Love the analogies talked about. Not many business people talk about that side. I am always crunching numbers and looking at the margins. #Lockboss
Evaluating a 200k bussiness. Very interesting. 🤔thanks James estep locksmith co.#lockboss#lockboss
Great job guys, this was great-very helpful for every #lockboss 😊🙏
Always good to hear what the lock father has to say about the business side of the industry. #lockboss
Love these business conversations! #Lockboss
Ordered some key blanks for the first time from the website and got sent some fruit gummies with them. Thanks 👍
Great take on this situation. I too am loving this series. #lockboss
Always love hearing the Lockfather's advice especially as related to valuing/purchasing a business. Really good stuff. #Lockboss
Thanks, Lockfather and PJ! Yep, you can't really talk money until you know about the trucks, tools, equipment, and the mindset of the employees etc... #Lockboss
Great episode! Very insightful. Thank you. #Lockboss
great tips as always for every #LockBoss
Great info! Thanks for sharing your thoughts and perspectives on the buying of a business. #lockboss
Great information. As always you guys rock with these business for sale shows. Definitely help us all to be a better #Lockboss
Great Information. I Always Respect The Lockfather And PJ's Opinion . #lockboss
I think they are withholding listing inventory, and fixtures for the more serious buyers. #Lockboss
Very good info, really makes you thing about more when buying and or selling. #lockboss
Great advice. It’s a challenge to put a price on someone’s business and know if it’s really worth what they are trying to get for it. Great pointers! Thank you #lockboss
Thanks for the info. #Lockboss
I never considered businesses just being sold off like that...learn something new each day! Lots of good points I'd never imagined (since the whole idea is new to me!) #lockboss
A lot of good stuff to think about and consider... for sure. #Lockboss
Good show thanks#lockboss
Great insights, this is a fascinating series. Thanks #Lockboss
I love this series. It would be great if on one of these vids you could actually call and talk with the seller and ask all the questions necessary so we can witness the process.
Great idea, I’ll try -PJ
Sorry @PJ but your dad is the best we come here for him! 🤣/teasing
Do you ask the employees to sign a noncompete for a bonus to re-up with you for a given period?
Haha, don’t blame you! I think he does it only at the start of employment -PJ
I’m with Pete, once again, there is not enough clear information and we’d definitely need to get on the phone and find more details. #Lockboss
There was a lot of good points, the equipment would be the deal breaker. Great video,#Lockboss
As always the lock father delivers great advise..#lockboss
Good info #Lockboss
Great insight. Employee retention would be my #1 concern. #lockboss
Great info #lockboss
There is a lot to consider on this business be à #lockboss and make the right décision
It would be interesting to see a comparison of what it would cost in order to set up an operation similar to one of these businesses for sale from scratch. #lockboss
really great advise would for anyone looking to buy an existing business #lockboss
Location is a major factor also #LOCKBOSS
food for thought #lockboss
Employee and customer retention can be an issue. Around here we don't have competition besides the scammers who drill everything. That would be a good deal in this area. #Lockboss
@@michaelrooks4231 I don't drill anything myself except for a safe if need be
Good show! You would definitely need more details before jumping in on this one… #LockBoss
All the shops around my area closed up only scammers on google, looked them up they all use local businesses as their addresses. Feel sorry for anyone that calls them, I called one and asked questions they couldn't hang up om me fast enough. So I'm pretty sure I'll never see one for sale #Lockboss
My questions are will the landlord allow the new owners to sign a lease and at what rate? #lockboss
More Good #LOCKBOSS Info.
Generally the most valuable asset of a business are the owner & employees. So can you, as the buyer, transition into being one of the valuable assets and keep the existing assets of the employees as a forward thinking #lockboss? "If the shoe fits, wear it"
Good point -PJ
I've been looking at a business that's for sale. It's about a 2 hour drive in good weather and I want to keep my current location open. Still considering. #lockboss
Oh cool! -PJ
#lockboss
Always good to see the lockfather. #Lockboss