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Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$33K - $81K
Units as of 2015
61 Decrease

Company Overview

About Mr. Rekey Locksmith

Industry Services (Other)
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 Information Circle
$10,000 - $30,000
Initial Investment Information Circle
$33,000 - $80,800
Cash Requirement Information Circle
$50,000
Veteran Incentives Information Circle
20% off franchise fee
Royalty Fee Information Circle
7.5%
Ad Royalty Fee Information Circle
2%
Term of Agreement Information Circle
7 years
Is franchise term renewable? Yes
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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? Information Circle
Yes
Can this franchise be run part time? Information Circle
No
# of employees required to run 1-2
Are exclusive territories available? Information Circle
Yes
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The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022