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- 2022 Franchise 500 Rank
#253 Ranked #221 last year
- Initial investment
$130K - $235K
- Units as of 2022
49 8.9% over 3 years
Here’s what you need to know if you’re interested in opening a Security 101 franchise.
Security 101® is a systems integration franchise company that offers various security solutions and services for businesses. These services include access control, intrusion detection, video surveillance, visitor management, and more. The company strives to be a one-stop management suite of products that caters to corporations and organizations, from design to engineering to installation.
As a Security 101 franchisee, you will be part of a solid team with a culture that wishes to make the business not only a wise investment, but a real family made up of people who want to make things work together. As soon as you become a franchisee, you will receive immediate access to all the benefits of the brand power that is Security 101.
Why You May Want to Start a Security 101 Franchise
Security 101 is a national franchisor with the focused advantage of local ownership. This may allow the brand to build a broad and loyal customer base on top of being a company known for its high levels of service. With over 15 years of operation, there may be possibilities for recurrent business because of the company's credibility.
All these unique advantages that come with the franchisor may be supported by the industry itself, which is prominent. Security 101 has been ranked in Entrepreneur's Franchise 500 several times in the past few years. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
What Might Make a Security 101 Franchise a Good Choice?
To be part of the Security 101 team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for the existence of ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s minimum net worth and liquid capital requirements.
As a Security 101 franchisee, you will have access to the company's proprietary business software designed for the franchisee's specific needs and goals, potentially giving you more ability and depth to manage your business with significant operational and financial efficiency. You also should get a protected territory, which means you will not be competing with other Security 101 franchisees anywhere within your area.
How To Open a Security 101 Franchise
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your journey toward opening a Security 101 franchise, a franchise representative will evaluate you for financial readiness. After determining your financial readiness, a franchise representative will schedule you for a series of introductory and informational phone or video calls with the team.
An essential part of the process is reading Security 101's Franchise Disclosure Document. In this document, you will find all the salient points you need to know about the company, including its unit economics. Once you and the brand have decided to pursue the opportunity together, you will sign the franchise agreement, pay the initial fees, and coordinate with the franchise development team, who will be guiding you along until your grand opening.
About Security 101
- Franchising Since
- 2007 (15 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees in the following US states: Arkansas, Iowa, Idaho, Kansas, Kentucky, Maryland, Missouri, Montana, North Dakota, Nebraska, New Mexico, Oklahoma, Oregon, South Dakota, Washington, Wisconsin, West Virginia, Wyoming
- # of Units
- 49 (as of 2022)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Security 101 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
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $130,100 - $235,000
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- 10% off franchise fee
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 10 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Security 101 has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 80 hours
- Classroom Training
- 120 hours
- Ongoing Support
Purchasing Co-opsNewsletterMeetings & ConventionsGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- # of employees required to run
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Interested in franchise ownership like Security 101? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Security 101 landed on this year’s Franchise 500 Ranking versus previous years.
Curious to know where Security 101 ranked on other franchise lists? Find out below.
Are you eager to see what else is out there? Browse more franchises that are similar to Security 101.
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