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Units as of 2020
91 (23 added in 3 years)
33.8%
2021 Franchise 500 Rank
#341 Ranked #190 last year
Initial investment
$183K - $428K

Company Overview

About The Flying Locksmiths

Industry
Services (Other)
Founded
1984
Parent Company
TFL Franchise Systems LLC
Leadership
Barry L. McMenimon, CEO

Franchising Overview

Franchising Since
2015 (6 years)
# of employees at HQ
56
Where seeking

This company is seeking new franchisees throughout the US.

# of Units
91 (as of 2020)

Franchisor Information

Corporate Address
100 Grossman Dr., #305
Braintree, MA 02184

Information for Franchisees

Here’s what you need to know if you’re interested in opening a The Flying Locksmiths 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
$75,000 - $300,000
Initial Investment
$182,596 - $428,396
Net Worth Requirement
$200,000
Cash Requirement
$100,000
Veteran Incentives
5% off franchise fee
Royalty Fee
8%
Term of Agreement
10 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.

Third Party Financing
The Flying Locksmiths 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
24 hours
Classroom Training
38 hours
Additional Training
Ongoing mentoring
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
Social Media
SEO
Website Development
Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
2
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where The Flying Locksmiths landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where The Flying Locksmiths ranked on other franchise lists? Find out below.

Ranked #341

Franchise 500 Ranking

Ranked #2

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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
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