Pop-A-Lock Franchise System

Pop-A-Lock Franchise System

Pop-A-Lock Franchise System
#98

Initial Investment

LOW: $100,443
HIGH: $135,002

Change in Units

+14.4% +74 UNITS (1 Year)
+24.3% +125 UNITS (3 Years)

Promoted Opportunities

Company Profile

Founded

1991

Franchising Since

1994 (22 Years)

Corporate Address

1018 Harding St. Lafayette, LA 70503

CEO

Don Marks

Parent Company

SystemForward America Inc.

About Pop-A-Lock Franchise System

Pop-A-Lock was started in 1991 by law enforcement agents in Lafayette, Louisiana. Pop-A-Lock franchisees offer commercial, automotive and residential locksmithing, including integrated high-tech security devices and electronic access systems.

Financials

Financial Requirements

Initial Investment

$100,443 - $135,002

Net-worth Requirement

$250,000 - $500,000

Liquid Cash Requirement

$30,000 - $100,000

Ongoing Fees

Initial Franchise Fee

$15,500

Ongoing Royalty Fee

6%

Ad Royalty Fee

1%

Financing Options

Pop-A-Lock Franchise System offers in-house financing to cover the following: equipment, inventory

Pop-A-Lock Franchise System has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives


10% off franchise fee; special training program

Franchise 500® Rank History

Highest Rank: 96

Lowest Rank: 469

  • 2007 - 148
  • 2008 - 417
  • 2009 - 469
* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training Onsite: 1-2 weeks

Training at headquarters: 2 weeks

Additional Training: Tech/employee training

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Ad Slicks
National Media

Absentee Ownership Allowed

Number of employees required to run: 3 - 10

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: August 26th, 2015

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