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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.
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Franchise Costs
8% royalty + up to 1% ad fund + $60/user/mo software + $30/vehicle/mo GPS + $40/user/mo bookkeeping + $200/mo marketing
Financial Performance
Item 19 Financial Performance
Data Based On: 98 franchised outlets operated for the full year 2025. Financial performance data by tier is presented for 78 of these outlets (67 single territory and 11 multi-territory).
* Weighted average gross revenue calculated from 67 single territory units (Avg: $720,253) and 11 multi-territory units (Avg: $991,046): (67 * $720,253 + 11 * $991,046) / 78 = $758,442 Weighted median gross revenue calculated from 67 single territory units (Median: $604,393) and 11 multi-territory units (Median: $805,620): (67 * $604,393 + 11 * $805,620) / 78 = $632,771 Weighted average revenue for the top quartile calculated from 16 single territory units (Avg: $1,457,580) and 3 multi-territory units (Avg: $1,577,743): (16 * $1,457,580 + 3 * $1,577,743) / 19 = $1,476,553 Weighted average revenue for the bottom quartile calculated from 17 single territory units (Avg: $240,706) and 2 multi-territory units (Avg: $605,290): (17 * $240,706 + 2 * $605,290) / 19 = $279,083 Average gross profit calculated as 39% of the overall weighted average gross revenue for 2025: 758,442 * 0.39 = $295,792
Extracted Item 19 Section
Avg. Revenue: $758,442
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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 | $148K – $399K | $75K | 8.0% | 98 |
| 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 | $146K – $279K | $50K | 5.0% | 7 |
| GOJOE PATROL | $91K – $152K | $45K | 5.0% | 2 |
Security Services Average 6 franchises | $128K – $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 (2025)
Outlets by state across the United States
+16 more states
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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.
49 SBA loans on record
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Franchisee Contacts
80 franchisee contacts on file from official FDD filings.
80 Contacts Available
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Due Diligence
Litigation (Item 3)
One case involving a former franchisee alleging fraudulent misrepresentation, failure to disclose material facts, and encroachment.
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
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Frequently Asked Questions
The total initial investment to open a THE FLYING LOCKSMITHS franchise ranges from $147,824 to $398,777. This includes a franchise fee of $75,000. Ongoing royalty fees are 8.0% of gross sales.
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