Locksmith Business Plan

Locksmith Business Plan

South Kelleton Keys and Locksmith will be a locksmith shop specializing in locks and security products. Padraic Lawkse is the founder and manager. He is a certified locksmith and has extensive experience. The company will open a South Kelleton shop and sell locksmith hardware and services to businesses, homeowners, landlords, and tenants in the area through direct sales and advertising.

The net profit will increase significantly between its first and third years of operation, based on almost doubling its sales. The business will grow through sales of products and service, as well offering qualified referrals towards security product vendors when the company is unable directly to meet a client’s requirements. An additional locksmith will join the business in the third year to apprentice under Pad Lawkse and expand the company’s business.

South Kelleton Keys and Locksmith seeks a three year business loan, which will fund initial operations along with Pad Lawkse’s own capital investment into the business.

1.1 Objectives

South Kelleton Keys & Locksmith’s objectives are:

  1. Establish a store in South Kelleton
  2. In the first year, establish relationships with ten apartment blocks as a preferred vendor of locks
  3. Get a doubling on sales within its third year, with gross margins higher than 40% for its products

1.2 Mission

South Kelleton Keys And Locksmith will provide high quality locks and security products as well as skilled installation and repair to increase the security and safety of South Kelleton residents.

1.3 Keys for Success

SKelleton Keys needs to:

  1. Build relationships with building owners
  2. In the community, make sure to raise awareness about their quality, proximity, and affordable prices
  3. Rapidly respond to all requests
  4. Instead of &#8220’locks, sell &#8220’security and peace&#8221 of mind.

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