The Flying Locksmiths

The Flying Locksmiths

Information based on 2024 FDD

Home Services · Other Commercial and Home Services

Investment min
$150K
Total: $150K–$400K
Avg gross revenue
$714K
Unit-level, 2024
Franchise fee
$75K–$300K
Per current disclosure
Royalty
8%
of gross revenue
Locations
92
Franchising since 2015

Description

What is The Flying Locksmiths?

The Flying Locksmiths stands as a premier name in professional locksmith and security solutions, with a legacy of excellence dating back to 1984. As one of the most trusted brands in the home services industry, they've built their reputation on delivering exceptional security solutions with unmatched expertise and customer service.

What sets The Flying Locksmiths apart is their comprehensive approach to security. Their services extend far beyond traditional locksmith work, encompassing everything from residential and commercial lock installation to cutting-edge electronic access control systems. Their technicians are highly trained professionals who combine time-honored locksmith skills with knowledge of modern security technology.

The franchise has earned widespread recognition for their rapid response times, professional demeanor, and ability to handle complex security challenges. Whether it's emergency lockout services, master key systems, or advanced security installations, their technicians arrive promptly and equipped with the latest tools and technology to get the job done right.

Customer reviews consistently highlight their technicians' expertise, punctuality, and thorough approach to explaining security solutions. The franchise's commitment to excellence is evident in their meticulous attention to detail and dedication to leaving each job site spotless upon completion.

For entrepreneurs looking to enter the security services industry, The Flying Locksmiths offers a proven business model backed by comprehensive training and support. As communities increasingly prioritize security, this franchise represents an opportunity to provide essential services while building a respected business in your local market.
  • Nearly 40 years of established industry experience since 1984
  • Comprehensive commercial locksmith and access control specialists
  • 93 active franchise units demonstrating proven business model
  • Commercial-focused recurring revenue from maintenance contracts
  • Full-service door security solutions from traditional locks to electronic systems
  • Specialized expertise in business security assessments and installations

Location Analysis

Where The Flying Locksmiths wins

The Flying Locksmiths demonstrates strong market presence across multiple states, showing strategic concentration in key markets. The franchise maintains notable coverage along the Eastern Seaboard, with significant presence in Florida, Pennsylvania, and strong representation across New England and Mid-Atlantic regions. This distribution suggests successful penetration in both high-density coastal markets and mid-market regions.

The franchise's impressive customer satisfaction ratings across thousands of verified reviews indicates consistent service quality and strong operational execution across regions. This high satisfaction metric particularly stands out in the specialized locksmith industry, where trust and reliability are paramount.

Market positioning reveals strategic focus on metropolitan areas and growing suburban communities, with successful operations in affluent, expanding markets like Cary, NC demonstrating the franchise's ability to thrive in growth-oriented locations. The current geographic footprint leaves significant opportunity for expansion, particularly in the Midwest and Western states where coverage potential remains strong.

Ideal locations typically feature a mix of commercial and residential properties, proximity to business districts, and growing population centers with median household incomes above $60,000. The franchise shows particular strength in regions with active real estate markets and strong commercial presence, suggesting these factors should be primary considerations for new franchisees selecting territories.
Total US locations
93
Franchise units
92
Corporate locations
1
Avg. sq. footage
N/A

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Financial Analysis

The numbers behind The Flying Locksmiths

Avg gross revenue$713,997
Investment range$150,201 – $400,055
Investment midpoint$275,128
Brand fund1%
Royalty8%
Franchise fee$75,000–$300,000
Min. net worth
Min. liquid capital
The Flying Locksmiths requires an investment range of $150,201 to $400,055, positioning it as a premium entry within the home services sector. This investment level sits significantly above sub-sector averages of $111,770-$223,008, reflecting the specialized nature of commercial locksmith and access control services. The higher capital requirements typically include specialized equipment, vehicle outfitting, inventory, and technology systems essential for electronic access control installations.

The commercial locksmith and security sector benefits from consistent demand driven by business security needs, regulatory compliance requirements, and technological advancement toward electronic access systems. Unlike residential services, commercial clients often require ongoing maintenance contracts and system upgrades, supporting recurring revenue streams.

With 93 active units and nearly 40 years of operation since 1984, the system demonstrates established market presence and operational stability. The brand's evolution from traditional locksmith services to comprehensive access control solutions reflects successful adaptation to industry technological shifts.

The investment suits experienced operators with substantial liquid capital given the premium investment level and technical service requirements. The business model requires understanding of both traditional locksmith services and modern electronic security systems, suggesting ideal candidates have relevant industry experience or strong technical aptitude.

The reported gross revenue of $713,997 aligns closely with sub-sector averages of $739,341, indicating competitive performance within the specialized commercial locksmith market.
Did you know? Did you know that starting a The Flying Locksmiths franchise - the mobile locksmith service that brings security solutions directly to customers' doors - requires a total investment between $150,201 and $400,055, which covers everything from your franchise fee and specialized locksmith equipment to vehicle wrapping and working capital to get your keys-to-success business rolling?

Financing partners

Vetted partners, tailored to franchisees

Your Franzy advisor can connect you with these partners later in the process — competitive rates, specialized in franchise financing.

FranFund

Lender

CRF USA

Nonprofit SBA lender; provides financing for franchise acquisitions, startups, and expansion.

Lender

First Bank of the Lake

Lender

Pension Pros

Lender

FDD Item 7

Initial investment range

$150K–$400K
Most common
$150,201
Minimum
$275,128
Midpoint
$400,055
Maximum

Per FDD Item 7, total initial investment ranges from $150,201 to $400,055. The midpoint $275,128 is what most franchisees report at signing — financing typically reduces cash-at-close by 80–90%. Knowing the investment range helps you plan confidently and ensure you're fully prepared to make the leap.

FDD Item 19

Average gross sales

$800K$640K$480K$320K$160KN/A
$547K
$637K
$714K
2022
2023
2024
Avg
$633K
YOY change (2023 -> 2024)
+12%

According to Item 19 of the Franchise Disclosure Document, The Flying Locksmiths has an average gross revenue of $714K. (Note: This information is based on the latest FDD in our records. Please review the Franchise Disclosure Document (FDD) and confirm this information directly with the brand. We make no claims of accuracy for the information presented.)

Growth over time

Franchise footprint

-1% YoY
1501209060300
2017
2018
2019
2020
2021
2022
2023
2024
93 units open as of 2024 FDD-1 in last 12 mo

2024 Franchise Disclosure

FDD documents

Below are items 2, 3, 4, 7, 11 and 19 for The Flying Locksmiths's 2024 FDD. The complete FDD is delivered to you directly by the franchisor, per the FTC Franchise Rule.

Estimated initial investment
FDD Item 7 · PDF
Financial performance representations
FDD Item 19 · PDF
Members-only items
Executive team
FDD Item 2 · PDF
Litigation
FDD Item 3 · PDF
Bankruptcy
FDD Item 4 · PDF
Franchisor assistance
FDD Item 11 · PDF
Members only
Unlock the 2024 FDD

Connect to download Items 2, 3, 4, and 11 — direct from the franchisor.

Buyer FAQs

Frequently asked questions

The initial investment for a The Flying Locksmiths franchise typically ranges between $150,201.00 and $400,055.00. This includes the franchise fee, equipment, real estate, and other startup costs. To get a detailed breakdown and better understand the financial requirements, we recommend scheduling a call with the Franzy team. We'll walk you through the specifics and answer any questions you might have. For more detailed information, refer to the financial sections of the FDD.

Disclaimer. The information provided on this page is based on the latest Franchise Disclosure Document (FDD) that is publicly available and that we have on record, which was issued in 2024. This information is for informational purposes only and is not intended to constitute legal, financial, or business advice. We make no guarantees or claims regarding the completeness or accuracy. For the most current and detailed information, we recommend consulting the franchisor directly for the most recent FDD and regarding any questions that you may have about the information provided.

The Flying Locksmiths
The Flying Locksmiths
$714K avg revenue · 92+ US franchises

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