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Pop-A-Lock Franchise System

Mobile locksmithing, security & related services

Background

Founded: 1991 Franchising since: 1994
1018 Harding St., #101
Lafayette, Louisiana 70503
Phone:
(337)233-6211


Franchisor is a privately-held company with 14 employee(s); 3 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2008 187 0 0 0
2007 183 0 0 0
2006 158 0 0 2
2005 134 0 0 0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Asia, Australia/new zealand, Canada, Central america, Mexico, South america, Western europe

Exclusive territories available.
Territory size: 200,000+ population

Costs and Fees

Total investment: $125K-505.5K
Franchise fee: $35.6K-62K
Ongoing royalty fee: 6%
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No Yes
Payroll No Yes

Qualifications
Net worth requirement: $250K+
Cash liquidity requirement: $45K+
Business Experience:
  • General business experience
  • Marketing skills

Operations
  • Franchise can be run from home
  • 75% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 3 - 10
  • Absentee ownership of franchise is allowed. (60% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 1 week
  • At franchisee's location: 1-2 weeks
  • Tech/employee training : 1-2 weeks

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Ad slicks
  • Regional advertising

Other marketing support
  • Mentor program, tech support, national accounts, DVDs, PR support

Rankings

Franchise 500® rank:
#469 (2009); #417 (2008); #148 (2007); #293 (2005);

Top Home Based Franchises:
#40 (2007); #80 (2005);

America's Top Global Franchises:
#144 (2008); #119 (2007);


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