- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$33K - $81K
- Units as of 2015
-
61
Company Overview
About Mr. Rekey Locksmith
Industry | Services (Other) |
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Related Categories | Miscellaneous Services, Miscellaneous Automotive Products & Services, Security Services |
Founded | 1995 |
Leadership | Kenneth Jennings, CEO |
Corporate Address |
1421 Wells Branch Pkwy., Bldg. 1, #104 Pflugerville, TX 78660 |
Social | Facebook, Twitter |
Business Overview
Franchising Since | 2012 (12 years) |
---|---|
# of employees at HQ | 40 |
Where seeking |
This company is offering new franchises in the following US states: |
# of Units | 61 (as of 2015) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Mr. Rekey Locksmith franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$10,000 - $30,000 |
---|---|
Initial Investment
|
$33,000 - $80,800 |
Cash Requirement
|
$50,000 |
Veteran Incentives
|
20% off franchise fee |
Royalty Fee
|
7.5% |
Ad Royalty Fee
|
2% |
Term of Agreement
|
7 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
In-House Financing | Mr. Rekey Locksmith offers in-house financing to cover the following: franchise fee, equipment, inventory |
---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Classroom Training | 2 weeks |
---|---|
Ongoing Support |
Purchasing Co-ops
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
|
Marketing Support |
Ad Templates
National Media
Regional Advertising
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
---|---|
Can this franchise be run from home/mobile unit?
|
Yes |
Can this franchise be run part time?
|
No |
# of employees required to run | 1-2 |
Are exclusive territories available?
|
Yes |
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