Pop-A-Lock Franchise System

Pop-A-Lock Franchise System

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Promoted Opportunities

Pop-A-Lock Franchise System
#80

Initial Investment

LOW: $99,704
HIGH: $134,263

Change in Units

+3.9% +20 UNITS (1 Year)
+37.3% +145 UNITS (3 Years)

Company Profile

Founded

1991

Franchising Since

1994 (23 Years)

Corporate Address

1018 Harding St. Lafayette, LA 70503

CEO

Don Marks

Parent Company

SystemForward America Inc.

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.

Financials

Financial Requirements

Initial Investment

$99,704 - $134,263

Net-worth Requirement

$250,000 - $500,000

Liquid Cash Requirement

$30,000 - $100,000

Ongoing Fees

Initial Franchise Fee

$15,500

Ongoing Royalty Fee

7%

Ad Royalty Fee

1%

Financing Options

Pop-A-Lock Franchise System offers in-house financing to cover the following: equipment, inventory

Pop-A-Lock Franchise System has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives


10% off franchise fee; special training program

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: See List

Operations & Franchisor Support

Training Onsite: 4 days

Training at headquarters: 5 days

Additional Training: Tech/employee training

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
National Media
Regional Media

Absentee Ownership Allowed

Number of employees required to run: 3 - 10

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: October 5th, 2016

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