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2021 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$33K - $81K
Units as of 2015
61 1,120.0% over 3 years

Company Overview

About Mr. Rekey Locksmith

Industry
Services (Other)
Founded
1995
Leadership
Kenneth Jennings, CEO

Franchising Overview

Franchising Since
2012 (9 years)
# of employees at HQ
40
Where seeking

This company is seeking new franchisees throughout the US.

# of Units
61 (as of 2015)

Franchisor Information

Social
Facebook, Twitter
Corporate Address
1421 Wells Branch Pkwy., Bldg. 1, #104
Pflugerville, TX 78660

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
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Mr. Rekey Locksmith landed on this year’s Franchise 500 Ranking versus previous years.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021