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Locksmith

About Startup Costs

The startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.

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Business At A Glance

Locksmith

Startup Costs: $10,000 - $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.

About

Franchises Available? No
Online Operation? No

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Help people in their time of need--when they're locked out.

Business Overview

Working as a locksmith on a mobile basis, from home, or from a retail storefront, you can offer customers a wide range of locksmithing services ranging from key cutting, installing new passage sets, emergency entries, sales of locks, safes, and related equipment and installation. In the United States there are more than 30,000 locksmiths, of which 50 percent are self-employed and reporting earnings in excess of $50,000 per year after expenses. Needless to say, the time and money invested in locksmith training is money well spent. In both the United States and Canada, locksmiths are required to be licensed and bonded, but all states and provinces have their own training and licensing requirements. You can contact the associations listed below to inquire about training and licensing requirements in your area.