The Flying Locksmiths - Franchise
Quick Franchise Summary
Utilize the expertise of The Flying Locksmiths to establish your own locksmith business with a trusted name and more than 70 years' experience. Choose The Flying Locksmiths franchise for a secure future. You will not be disappointed!
The Flying Locksmiths
Franchise Cost, Fees & Facts for 2020
|Minimum Cash Required||$50,000|
|Net Worth Required||$150,000|
|Total Investment||$155,000 – $200,000|
Available In These States:
The Flying Locksmiths - Franchise Information
Make more than $400,000/year as a Flying Locksmiths Owner*
Benefits of The Flying Locksmiths
- Adaptable franchise model - you can run as an owner operator (not working in the van), transitional model from another career, or straight ROI model with general manager.
- Very little national competition
- Offers stability - can't be off-shored or replaced by the Internet
- Multiple revenue streams
- Amazing growth potential - average annual gross profit for last 4 years: $441,225
- Established brand - been in business 70 years
- Family owned
The Flying Locksmith’s (TFL) is a blend of old school ideas with new age technology; a white collar business management franchise opportunity in an industry that has been fragmented for decades with “Mom & Pop” operators.
From antique door knobs to high tech security systems, you can offer a complete range of locksmith services.
Featured products and systems include:
- House keys
- Lock re-keying
- Intercom systems
- Exit devices and crash bars
- Card access & keypads
- Door closers
- File cabinet keys & locks
- Security vaults
- Chip keys
- Door alarms
90% of The Flying Locksmiths' business is commercial with the remainder being residential (traditional locksmith work e.g. locked out of home or keys locked in car).
Some National Accounts Include:
- Coca Cola
- Bank of America
- Dunkin Donuts
Identifying these individual businesses, in your area, will help your franchise grow and become more profitable. Included with each type of business is a breakdown of common services that they require and some local examples that TFL currently do work with. The entirety of this list, will request profitable services, on an ongoing basis and expect a quick turnaround on any services rendered.
- Property Manager
- Security Integrators
- Service Companies
- Gas & Energy Providers
- Nursing Homes & Healthcare Providers
The Flying Locksmiths are seeking candidates who are looking to scale a business and manage a P & L versus working in the field. A national call center which manages all prospective customer inquiries through a toll free number is provided.
Most of the work is done for you. The center educates the customer about the services, gives an estimate when appropriate, schedules the job, and routes the job through a centralized process.
One week at corporate HQ. Also, a 2 week training program covers the following topics:
- Training for all positions
- Marketing and promotion
- Daily operations
There will be a lot of training that covers marketing and how to target the commercial accounts. For the national accounts, The Flying Locksmiths will work with you to provide a warm introduction to those brands in your market.
Special Franchise Requirements
- Business management, marketing, corporate employee, previous business ownership
- Requires a population of 500,000+
Multi-Units Or Area Development Available
The Flying Locksmiths is a family owned and operated business since its inception in 1946. So, you can expect a hands on approach when opening your franchise.
Start a TFL Franchise today and become part of the family!
The Flying Locksmiths Video(s)