10 Best Security Franchise Opportunities 2024

There are plenty of security franchises to choose from, but if you want to own the best, then we’ve made a list of 10 best security franchise opportunities in 2024.

To give you an overview, a security franchise operates under a primary security firm that is the franchisor. The business model of a security franchise includes a wide array of services, from residential alarm systems to cybersecurity.

Currently, the industry is estimated at $350 billion and has been reported to have grown exponentially in recent years. So, if you are looking to own the best franchise, then keep reading this article and find your ideal franchise from our list.


10 Best Security Franchise Opportunities

1. Pop-A-Lock

10 Best Security Franchise Opportunities-Pop-A-Lock
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.

2. Signal 88 Security

Signal 88 Security
Founded in2003
Franchising Since2008
Estimated Outlets1,084
Initial Investment$57,450-$273,150
Franchise Fees$50,000-$200,000
Liquid CapitalN/A
Royalty Fees4%

Signal, formerly known as Signal 88 Security, was founded in 2003 in Omaha, Nebraska. It started franchising in 2008 and now has more than 1000 locations all across the United States. The company has also been ranked in the list of Entrepreneurs Franchise 500 multiple times.

It also offers its services in parts of Canada and several other countries. The main aim of the company is to provide security services to residential, commercial, and industrial clients.

So, if you want to own this franchise, then you can expect to work in apartments, schools, hotels, and commercial and industrial establishments.

3. Silbar Security

10 Best Security Franchise Opportunities- Silbar Security
Founded in2008
Franchising Since2015
Estimated Outlets8
Initial Investment$47,500-$83,600
Franchise Fees$20,000
Liquid Capital$30,000
Royalty Fees5%

Founded in 2008 in Norfolk, Virginia, Silbar Security specializes in vehicle patrolling services, on-site security officers, and event staffing.

Silbar Security franchise offers an excellent option for entrepreneurs looking to be successful in the security franchise market. The company features police-grade equipment, training and procedure, and law enforcement technology.

To own this franchise, you require an initial investment that ranges from $47,450 – $83,600 and a net worth of $100,000.

4. TeamLogic IT

10 Best Security Franchise Opportunities- TeamLogic IT
Founded in2004
Franchising Since2005
Estimated Outlets269
Initial Investment$111,465-$147,842
Franchise Fees$49,500
Liquid Capital$60,540-$78,092
Royalty Fees7%

Founded in 2004, TeamLogic IT uses smart modern technology to make other businesses stay safe, productive, and profitable.

The company aims to serve the vast needs of small and medium enterprises by delivering excellent solutions. Currently, TeamLogic IT is serving in more than 200 locations across the United States.

Throughout the years, it has become one of the fastest-growing Managed IT Services organizations in the nation. So, owning this franchise means that you’ll be working with a growing franchise in this competitive industry.

5. Computer Troubleshooters

Founded in1997
Franchising Since1997
Estimated Outlets192
Initial Investment$19,500-$45,000
Franchise Fees$10,000-$20,000
Liquid Capital$60,000- $150,000
Royalty Fees$300-$750/month

Computer Troubleshooters is a network of locally owned and operated IT service franchise offices. It offers high-quality, affordable computer repairs and troubleshooting services. Along with all these services, it also provides data backup, recovery, and security services.

The company was founded in the year 1999 and has more than 150 franchised locations globally in over nine locations.

To own this franchise you require Computer Troubleshooters also provide 20% off on the franchise fees for veterans.

6. Shield Security System

Shield Security System
Founded in1976
Franchising Since1976
Estimated Outlets
Total Investment$50,000-$75,000
Franchise Fees$40,000
Liquid Capital$75,000
Royalty Fees5%

Shield Security System is a company that was founded in the year 1976 and began franchising in the same year. It offers the sale, installation, and monitoring of burglar alarms, fire alarms, and other types of electronic security.

The company comes with years of experience in designing security systems that detect a host of emergency situations. Shield Security System generates revenue from three areas, namely monitoring fees, security system sales, and services.

The franchise system of Shield includes marketing support, security system designs and layout and ongoing training.

7. Security 101

10 Best Security Franchise Opportunities- Security 101
Founded in2003
Franchising Since2007
Estimated Outlets49
Initial Investment$130,100 – $235,000
Franchise Fees$59,500
Liquid Capital$85,000
Royalty Fees6%-$4%

Security 101 was founded in 2003 and began franchising in 2007. The company is an integrated franchise system that offers various security solutions and services to businesses.

The services provided by Security 101 include visitor management, intrusion detection, video surveillance, and much more. Security 101 has also been on the list of Entreprenur franchise 500 consecutively from 2019 to 2023.

So, if you are someone looking to add value and contribute to the protection of the community, then Security 101 is the best option for you.

8. Flylock Security System

Flylock Security System
Founded in1947
Franchising Since2015
Estimated Outlets94
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.

9. GuardNow

GuardNow
Founded in2011
Franchising Since2011
Estimated Clients 100
Initial Investment$32,300-$105,000
Franchise Fees$12,000
Liquid CapitalN/A
Royalty Fees8%

GuardNow was started in the year 2011, and since then, it has grown to become a pioneer in unarmed and armed security guard services.

It is now among the top-rated security guard services in Los Angeles, offering highly trained security guards and patrol officers to safeguard many industries.

To own this franchise, you require an initial investment ranging between $32,300-$105,000 and franchise fees of $12,000.

10. Specialized Risk

Founded in1996
Franchising Since2015
Estimated Outlets4 (2016)
Initial Investment$65,650-$143,125
Franchise Fees$46,500-$75,500
Liquid Capital$50,000
Royalty Fees7%

Specialized Risk is a company founded in 1996 and began franchising in 2015. Since then it has provided best-in class service to regional and national clients. It is an independent security consulting firm providing risk management and other wide range of security services.

The company is also an industrial expert in areas of counter-terrorism, bomb threat management, grant management and emergency management.


When Should You Choose A Security Franchise?

When thinking about owning a franchise, it is a pivotal point to choose the right one. Here’s a deeper look at the steps that you should consider to take when choosing a franchise:

1. Research

The first thing to do is to do your own comprehensive research. Start by understanding the ins and outs of the franchising model, return on investment and industry standards.

Review the industry reports, study market trends, and thoroughly understand what it takes to own a franchise. You can also ask the existing franchisees for a better review.

2. Understand The Market

Again, in order to own a security franchise, you need to analyze the market closely. Understand the demographics, crime statistics, and the existing security services in your target area.

You must opt for a franchise that fills the gap in the market and aligns with the specific needs of the community or local area.

The above-mentioned points will help you understand the security market more and will also help you to make an informed decision on when to choose a security franchise. One more thing to remember is to see whether you possess the necessary skills to carry out the operations of a security franchise.


Factors To Consider Before Selecting A Security Franchise

Before investing your hard-earned money in a franchise, here are a few things that you should look into:

1. Competition

Study your market and look for potential competitors in your area. If you are thinking of owning a security franchise in any specific locality, then research the existing security franchises in that area.

You should also understand what tactics they are using that are working and what is not working for them. This will help you to incorporate those tactics in your business and ultimately make it successful.

2. Training

If you are new in the market and have little knowledge about the industry, then owning a security franchise will help you in many forms.

Many franchisors provide extensive training to the franchisee, making them efficient and effective in conducting the operations. Sometimes, franchisors also assist you in negotiating and finding the offices.

3. Level Of Investment

The next thing to consider is the level of investment that you are required to make. The investment varies depending a wide array of factors. For instance, owning a food franchise costs more than owning a security franchise.

However, the investment differs not only from industry to industry but also from franchises to franchises. So, make sure that you know every detail of the level of investment that you have to make.


Comparison Of Top 5 Best Security Franchises

Company NamePop-A-LockSignal 88 SecuritySilbar Security TeamLogic ITComputer Troubleshooters
Founded19911994200820041997
Outlets 5151,0848269192
Franchise Fee $23k-$63k$50,000-$200,000$20,000$49,500$10k-$20k
Initial Investment $137k-$170k$57,450-$273,150$47,500-$83,600$111,465-$147,842$19,500-$45,000
Royalty Fee7%4%5%7%$300-$750/month


Conclusion

So, overall franchising is not only owning a franchise but it is about owning the best franchise in order to achieve financial success that you dream.

Therefore the list of 10 Best Security Franchise Opportunities 2024 in this article offers you a chance to find your ideal franchise and choose the best among the best.


FAQs

Which is the cheapest security franchise?

The cheapest security franchise from our list of best is Computer Troubleshooters. It requires initial investment of $19,500-$45,000, which is less as compared to other franchise options.

Which is the richest security company in the world?

G4S is the world’s largest security company in the world on the basis of revenue. It has operations in more than 85 countries and also undertakes governments overseas to deliver security services.

How much does a Security Franchise cost?

According to our list, security franchises cost anywhere between $19,500-$410,475.

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