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Pop-A-Lock Franchise System

2015 Franchise 500
#96
At a Glance

Products & Services: Mobile locksmith and security services

Number of Locations: 514

Total Investment: $100.4K - $135K

Founded: 1991

Began Franchising: 1994

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.

Franchise Units

Year U.S. Canadian International Company Owned
2015 482 13 16 3
2014 407 14 16 3
2013 364 9 16 0
2012 264 4 16 0
2011 230 0 16 0
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.

Startup Costs, Ongoing Fees and Financing

Total Investment: $100,443 - $135,002
Franchise Fee: $15,500
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 10% off franchise fee; special training program
Financial Requirements
Net Worth: $125,000
Liquid Cash Available: $30,000
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. (65% of current franchisees are owner/operators).
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 2 weeks. 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: iPhone and android app, website

Franchise Ranking History

Franchise 500®: #96 (2015), #105 (2014), #118 (2013), #131 (2012), #135 (2011),
Fastest-Growing: #55 (2015), #28 (2014), #66 (2013), #87 (2011),
Top Homebased/Mobile: #19 (2015), #22 (2014), #22 (2013), #29 (2012), #36 (2011),
America's Top Global: #118 (2015), #146 (2014), #90 (2013), #108 (2012), #111 (2011),