THE FLYING LOCKSMITHS
FlyLock Security Solutions (formerly associated with The Flying Locksmiths) franchises operate businesses providing locksmith and security services and products, including doors, video cameras, and access control, primarily to commercial customers but also residential ones. Franchisees use a fixed office location and service vehicles, adhering to the franchisor's proprietary methods, technology, and operating procedures. The business model targets the competitive locksmith and security industry with initial investments ranging from $146,741 to $397,595, including fees paid to the franchisor.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
8% royalty + 2-4% Client Services Fund (tiered by job size) + up to 1% national advertising fund + $575-$740/mo technology, software, GPS, and marketing fees
Franchise Stats
Financial Performance
Item 19 Financial Performance
Data Based On: 79 franchised outlets (70 single-territory, 9 multi-territory) operated for the entirety of 2024.
* Average gross revenue calculated as a weighted average of Single Territory (70 units x $715,419) and Multi Territory (9 units x $1,025,804) franchised outlets. Revenue top quartile calculated as a weighted average of Top Quartile for Single Territory (17 units x $1,378,139) and Multi Territory (2 units x $1,785,284). Revenue bottom quartile calculated as a weighted average of Fourth Quartile for Single Territory (17 units x $257,639) and Multi Territory (2 units x $579,076). Median gross revenue is taken from the 'All' row for Single Territory outlets, as this group represents the vast majority (70 out of 79) of franchised outlets.
Extracted Item 19 Section
How THE FLYING LOCKSMITHS Compares to Other Security Services Franchises
Key Insights
- #3 largest franchise system in Security Services
- One of the lowest SBA loan default rates in Security Services
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
THE FLYING LOCKSMITHS Current | $147K - $398K | $75K | 8.0% | 94 |
| SIGNAL 88 SECURITY | $158K - $5.2M | $150K | 4.0% | 1,650 |
| Pop-A-Lock | $170K - $228K | $75K | 7.0% | 397 |
| BLUE EAGLE INVESTIGATIONS | $57K - $166K | $50K | 20.0% | 16 |
| Silbar Security | $92K - $216K | $50K | 5.0% | 7 |
| GOJOE PATROL | $91K - $152K | $45K | 5.0% | 2 |
Security Services Average 6 franchises | $119K - $1.1M | $74K | 8.2% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 6 Security Services franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
+18 more states
SBA Loan History
Historical SBA 7(a) loan data for THE FLYING LOCKSMITHS franchisees (2016 - 2025)
Loans by Year
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
Fraudulent misrepresentation regarding regulatory supervision, licensing, project management, payments, and territory encroachment by a former franchisee.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a THE FLYING LOCKSMITHS franchise?
The total initial investment to open a THE FLYING LOCKSMITHS franchise ranges from $146,741 to $397,595. This includes a franchise fee of $75,000. Ongoing royalty fees are 8.0% of gross sales.
How much revenue does a THE FLYING LOCKSMITHS franchise make?
According to the 2025 FDD, the average gross revenue for a THE FLYING LOCKSMITHS franchise is $750,779. The median revenue is $575,780.
How many THE FLYING LOCKSMITHS franchise locations are there?
As of the 2025 FDD, THE FLYING LOCKSMITHS has 94 franchise locations. The company has been franchising since 2015.
Can you get an SBA loan for a THE FLYING LOCKSMITHS franchise?
Yes, SBA loans are available for THE FLYING LOCKSMITHS franchises. Historical data shows 49 SBA 7(a) loans have been approved for THE FLYING LOCKSMITHS franchisees, with an average loan amount of $173,878. The historical default rate is 4.1%.
Is THE FLYING LOCKSMITHS a good franchise to buy?
THE FLYING LOCKSMITHS shows several positive indicators: transparent financial performance data (Item 19), low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
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