The Keys of Your Business

July 6, 2010 · Posted in Business Opportunities 

The locksmith business is a very noble idea, but rarely exploited with high earning potential. So just remember how many doors are there in your home.

Now imagine how many locks are in an apartment building and you’ve to add that the locks of cars.

Will surely be interesting to see a niche business that requires minimal preparation, with little investment and you can earn very good money.

A locksmith can be defined as an expert in locks installation that provides services to homes and offices providing solutions for improving safety. In addition, currently requires modern locksmiths who specialize in electronic locks that are increasingly popular.

Some of the basic services it provides are:

* Changes of records and combination
* Installation of locks and accessories
* Troubleshooting and repairs
* Opening of locks, safes and armored
* Key Duplication

The minimum equipment you need to start a locksmith is:

* Copier machine multifunction keys
* 250 basis duplication latchkey
* YALE cylinders for installation in cars
* Stock of spare parts for locks
* Stock padlocks
* Basic tool as files, drills, picks and screwdrivers

The initial investment is approximately:

Furniture and equipment: about $ 1,500 to $ 2,000 may include variation between getting an automatic or manual.
Parts & Accessories: us $ 500 – $ 1,000 depending on the amount and type of spare parts. It is recommended not to buy power locks or specialist at the beginning but rather on demand.
Preparation: us $ 200 you can find a locksmith’s workshop here.

Finally, you should look into your business plan a monthly expense budget and a budget of initial investment.

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