Pop-A-Lock Franchise System

Pop-A-Lock Franchise System

Pop-A-Lock Franchise System
#98

Initial Investment

LOW: $100,443
HIGH: $135,002

Change in Units

+14.4% +74 UNITS (1 Year)
+24.3% +125 UNITS (3 Years)

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Promoted Opportunities

Company Profile

Founded

1991

Franchising Since

1994 (22 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

$100,443 - $135,002

Net-worth Requirement

$250,000 - $500,000

Liquid Cash Requirement

$30,000 - $100,000

Ongoing Fees

Initial Franchise Fee

$15,500

Ongoing Royalty Fee

6%

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

Franchise 500® Rank History

Highest Rank: 96

Lowest Rank: 469

  • 2007 - 148
  • 2008 - 417
  • 2009 - 469
* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training Onsite: 1-2 weeks

Training at headquarters: 2 weeks

Additional Training: Tech/employee training

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

Marketing Support
Ad Slicks
National 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: June 10th, 2016

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