Pop-A-Lock Franchise System

Mobile locksmithing & roadside assistance services
Year began: 1991    Franchising since: 1994

1018 Harding St., #101
Lafayette, LA 70503

Phone: (337)233-6211
Fax: (337)233-6655

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


Franchise Growth
Year

2007
2006
2005
2004
U.S. Franchises
183
158
134
118
Canadian Franchises
0
0
0
0

Foreign Franchises
0
0
0
1
Company
Owned

0
2
0
2

Where Seeking Franchisees
In the U.S.

Worldwide

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

Costs & Fees
Total investment: $120K+
Franchise fee: $29K
Ongoing royalty fee: 6%
Term of agreement: 10 years, renewable
Type of Financing Available
In-HouseThird Party
Franchise FeeNoYes
Startup CostsNoYes
EquipmentNoYes
InventoryNoYes
Accounts ReceivableNoNo
PayrollNoNo
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 & 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 in Entrepreneur magazine 2004-2008
Franchise 500® rank:
#417 (2008); #148 (2007); #293 (2005); #490 (2004);

Top home based franchises:
#40 (2007); #80 (2005);

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

Last Updated: 11/26/2007 12:00:00 AM



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