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.
Franchise Costs
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
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
Key Insights
- #3 largest franchise system in Security Services
- One of the lowest SBA loan default rates in Security Services
| Franchise | Investment | 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
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
95 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
95 Contacts Available
Unlock all THE FLYING LOCKSMITHS franchisee contacts with verified contact information
Due Diligence
Litigation (Item 3)
Fraudulent misrepresentation regarding regulatory supervision, licensing, project management, payments, and territory encroachment by a former franchisee.
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
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.
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