Pop-A-Lock Franchise System
Mobile locksmithing, security & related servicesBackground
Founded: 1991 Franchising since: 1994
Franchisor is a privately-held company with 14 employee(s); 3 employee(s) in franchise department.
Franchise Growth
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
|
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
Ongoing Support
Marketing Support
Other marketing support
- 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);
#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);