6 Best Locksmith Franchise Opportunities 2024

If you are interested in buying a locksmith franchise, then well, we can’t blame you. It is a low-cost option, with many owners spending as little as $7,000 to own their site. However, the million-dollar question is: Which franchise is the best? which is why we’ve brought the 6 best locksmith franchise opportunities 2024 that will help you to evaluate which one is the best.

6 Best 
Locksmith 
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To give you an overview, the security industry is growing at a rapid speed. The demand is rising for high-tech touchless equipment, PPE compliance for healthcare providers, and antimicrobial surfaces.

Therefore, we have collected some best locksmith franchises that are already up to the industry trend. In this article, we’ve included when is the right time to choose a locksmith franchise, what factors you must consider before selecting a franchise, and lastly, the best of the best franchises for you.


6 Best Locksmith Franchise Opportunities

1. The Flying Locksmiths

The Flying Locksmiths
Founded in1984
Franchising Since2015
Estimated Outlets94
Total Investment$180,596 – $428,396
Franchise Fees$75,000
Liquid Capital$100,000
Royalty Fees8%

The Flying Locksmith is an all-inclusive security provider. The company is rapidly growing and will soon be the Largest National Commercial Locksmith.

It offers services ranging from door closers, piano hinges, exit devices, card access systems, CCTV, and electric strike systems. The Flying Locksmith might be old, but is operating with the latest technology that is necessary for protecting businesses and homes.

Moreover, the company claims that its only national competitor is Pop-A-Lock. This means that you will have very little competition and will be able to ingrain your foot in the market easily.

2. Mr. Rekey Locksmith

Mr. Rekey Locksmith
Founded in1995
Franchising Since2012
Estimated Outlets61
Initial Investment$33,000-$80,800
Franchise Fees$10,000-$30,000
Liquid Capital$50,000
Royalty Fees7.5%

Mr. Rekey Locksmith is a residential and commercial locksmith service that operates in more than 30 major locations in the US market.

It has been operating the business for 25 years and has served many homeowners, real estate agents, and commercial clients. The statistics of the company report that it has changed the locks of more than 50,000 residential and commercial buildings since 2013.

For franchisees, this locksmith franchise has an excellent call center to handle all the customer calls, technician calls, orders, and accounting queries so that you can devote more time to building your team.

3. Pop-A-Lock

Pop-A-Lock Locksmith Franchise
Founded in1991
Franchising Since1994
Estimated Outlets515
Initial Investment$137,777-$170,822
Franchise Fees$23,000-$63,000
Liquid Capital$75,000- $200,000
Royalty Fees7%

Pop-A-Lock was founded in 1991 when law enforcement agents detected the need for car locksmiths in Lafayette, Louisiana.

The company is dedicated to serving thousands of communities by offering them quick and affordable security services, which is more than emergency loc services.

The company has become the largest car locksmithing franchise in the world, with over 500 locations in the United States and Canada. It is also one of the best security franchise opportunities to own.

4. Acme Locksmith

Acme Locksmith
Founded in1997
Franchising Since2017
Estimated Outlets4
Initial Investment$99,117 – $205,050
Franchise Fees$35,000
Liquid Capital$50,000
Royalty Fees7%

Acme Locksmith is one of the leading locksmith franchises in the United States. The company is based in Arizona and was founded in 2017.

Unlike most locksmith franchises, the Acme Locksmith franchise business is managed by experienced marketing experts with over 20 years in product and marketing development.

It has two business models providing flexibility to the franchisees in how they want to run their business.

5. Noble Locksmith

10 Best Locksmith Franchise Opportunities-Noble Locksmith
Founded in2017
Franchising Since
Estimated Outlets14
Initial Investment$75,000-$100,000
Franchise Fees$34,000
Liquid Capital$150,000
Royalty Fees7%

Noble Locksmith offers the services of trained locksmiths from coast to coast. It is a growing national locksmith company committed to excellence through training and fantastic customer service.

The company claims to have a simple system that gives results and income. If you are planning to own this franchise then you can expect to earn $1000 per day within the first year of the operation.

The franchise also offers extensive support with marketing, training, sales, and business establishment. Currently, Noble Locksmith operates approximately 14 units in the United States Of America.

6. Flylock Security System

10 Best Locksmith Franchise Opportunities- The Flylock Security System
Founded in1947
Franchising Since2015
Estimated Outlets85+
Initial Investment$165,225-$410,475
Franchise Fees$75,000-$300,000
Liquid Capital$100,000
Royalty Fees8%

Flylock Security System has been in the business since 1947. Its unique name is derived from the story of how it started. The company was founded out of a Jeep by an aspiring pilot and a locksmith who gave the name ‘Flylock Security System.’

The company offered such as changing or installing locks and keys and creating house master keys but as they grew, it now provides all kinds of local security services like installation and repair of panic devices, card access systems, and door closers.


When Should You Choose A Locksmith Franchise?

As you already know, there is no right time to own a franchise. However, if you are still in chaos about whether to bite the bullet and buy a locksmith franchise, then here are a few aspects of franchising that you need to consider:

1. Franchior’s Rules And Regulations

Franchising comes with many benefits, but it also comes with a rule book designed by the franchisor. There are many rules and regulations of the franchisor that you need to follow as a franchisee.

So, if you are someone not looking to build your own brand from scratch and abide by all the rules and procedures of the franchisor, then you are ready to own a locksmith franchise.

2. Partnership

Owning any franchise is like a partnership. The franchisor will monitor all the results, procedures, and your every move and will be constantly in touch with you.

Therefore, when thinking about when you should choose a locksmith franchise, you must also think about whether you are okay with someone monitoring all your moves or not.

3. Investment

Investment is also one of the key aspects in deciding when to choose the franchise. Do a complete financial audit of your finances and analyze all the costs associated with owning the franchise.

This cost typically includes initial or total investment, ongoing costs, franchise fees, and royalty fees. So, analyze all the costs and your budget and then decide whether you are ready to invest in the franchise or not.


Factors To Consider Before Selecting A Locksmith Franchise

If you have accepted the above-mentioned conditions, then you might think that you are all set to own a locksmith franchise. But before hitting the gas paddle, you need to do some more research to avoid wasting your time and save your money.

1. Research

The first thing to do is to compare the various locksmith opportunities on the basis of their startup cost, profit, ongoing cost, competition, and qualification required.

This will help you sort out the franchises that are best suited to your budget and liking. This way, you’ll be able to find the most attainable, profitable, and most favorable franchise.

2. Qualification

The next step is to look for the qualifications required by the franchisors. As in most cases, the biggest barrier in owning a franchise is the experience and money.

Most owners look at their credit score, net worth, and cash on hand to gauge your financial ability to become the owner.

3. Franchise Disclosure Document

Now that you have done your research and filled out the application, a franchise disclosure document will be provided to you. This document provides an overview of the franchise brand, your responsibility as a franchisee, operational procedures, tools, vehicles, training details, etc.

You need to read this document thoroughly. If necessary, you can also hire an attorney who will help you understand the important terms of the document.


Comparison Of Top 5 Best Locksmith Franchises

Company NameThe Flying LocksmithMr. Rekey LocksmithPop-A-LockAcme LocksmithNoble Locksmith
Founded19841995199119972017
Outlets 9461515414
Franchise Fee $75,000$10k-$30k$23k-$63k$35,000$34,000
Initial Investment $180,596- $428,396$33,000-$80,800$137k-$170k$99,117 – $205,050$75,000-$100,000
Royalty Fee8%7.5%7%7%7%

Conclusion

So, overall owning a locksmith franchise is a very affordable option. Yoy just have to do some research and determine whether you are qualified for owning a locksmith franchise or not.

Alos, check all the necessary documents before investing your money in the franchise. We hope this article has provided you every insight on 6 Best Locksmith Franchise Opportunities 2024.


FAQs

Which is the cheapest locksmith franchise?

The cheapest locksmith franchise is Mr. Rekey Locksmith. It requires only $33,000-$80,800 as initial investment.

How does locksmiths get customers?

To get more clients for your locksmith business, you need to offer discounts and promotions to new clients and returning clients. You can promote the offers through emails, social media, Facebook ads, or Google ads.

Are Locksmiths is in demand?

Yes, locksmiths are in demand. Also, this business is not affected by any economic situation. If you can’t find your keys, then irrespective of the economic condition, you will have to call for a locksmith.

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