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EM&F are proud to have been instructed to bring to the market this long established Master Locksmiths who have the prestigious distinction of being awarded a Royal Warrant for their services. This bears testimony to how well regarded the company is thought of in Norfolk by their extensive client and customer base and is just one of many reasons why this business will hold appeal to prospective buyers.
The business, which was set up by the owners some 32 years ago, thrives in the busy town of Kings Lynn and only now becomes available due to the owners well earned pending retirement. They have though ensured that they have an excellent staff team who are able to lead the business giving the opportunity for either a hands on owner operator to take the business on or for an investor looking to take a more high level hands off role.
An rare opportunity to acquire a solid business with an unrivalled reputation in this locality which offers further growth potential in addition to it's current strong performance.
THE BUSINESS ITSELF
The core business centers around the full range of services provided by a locksmiths. From the cutting of a key to the provision of a complete electronic access system and all in between, they are experts in this field. With a range of specialist equipment they are able to supply most type of key required giving their clients the assurance that they can always provide what is needed.
Holding c.200 Master Key Suites, which ensures repeat custom, and having many account clients across the education, agricultural, construction and property sectors, to name but a few, it is easy to understand how this relatively small company is able to maintain turnover figures in the region of £250k pa. With the low overheads the business enjoys it means that strong profit margins are achieved.
In addition to being a locksmiths the company are also safe engineers and provide both supply and maintenance services to clients in this regard. A call out service up to 10:00pm for locks and safes is also offered which could be extended to 24 hrs to maximise the revenue this can generate.
Some architectural ironmongery is supplied and this together with the electronic access installations and security provisions are areas which can be developed and grown considerably should a new owner wish.
ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.
The spacious retail premises and workshop are situated in an ideal location in the centre of Kings Lynn and as well as having public parking bays to the front the property it also has the benefit of a large car park to the rear which is a rare benefit in the town.
The main retail area measures approx 400 sq ft and is well laid out to give a good sense of space with room for clients to comfortably browse and to be served. Behind the service counter is a range of specialist equipment which enables many customers requests to be carried out there and then. In addition there is a rear workshop which provides a more private space to undertake works and again houses a range of equipment and tools.
The building, which is double glazed, also accommodates a main office room together with an additional office area with staff kitchen and toilet facilities and has the benefit of air-conditioning, CCTV and is alarmed throughout.
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