Metal Supermarkets vs The Flying Locksmiths Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Metal Supermarkets vs The Flying Locksmiths including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Metal Supermarkets Franchise
The Flying Locksmiths Franchise
Investment $228,500 - $437,000$182,596 - $428,396
Franchise Fee $39,500$75,000 - $300,000
Royalty Fee 6%-2%8%
Advertising Fee 1%-
Year Founded 19851984
Year Franchised 19872015
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $7.5K-


Business Experience Requirements
 
Metal Supermarkets Franchise
The Flying Locksmiths Franchise
Experience

The ideal candidate will possess the following: * Outgoing personality with a willingness to work hard to succeed * Ability to multitask and thrive in a fast-paced environment * Can effectively delegate and manage employees * Understands that building a business does not happen overnight * Willingness to work hard in order to achieve mid- to long-term meaningful financial rewards, versus short-term "home runs"

-

Financing Options
 
Metal Supermarkets Franchise
The Flying Locksmiths Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/Yes
Start-up Costs No/Yes-/Yes
Equipment No/Yes-/Yes
Inventory No/Yes-/Yes
Receivables No/No-/-
Payroll No/No-/-

Training & Support
 
Metal Supermarkets Franchise
The Flying Locksmiths Franchise
Training On-The-Job Training: 120 hours Classroom Training: 60 hours On-The-Job Training: 40 hours Classroom Training: 40 hours
Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform 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 Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Ad Templates National Media Social media SEO Website development Email marketing Loyalty program/app
Operations International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 3 - 5

Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Absentee Ownership Allowed Number of Employees Required to Run: 2 - 6

Expansion Plans
 
Metal Supermarkets Franchise
The Flying Locksmiths Franchise
US Expansion -Yes
Canada Expansion NoYes
International Expansion Yes-

Company Overviews

About Metal Supermarkets

With no national competition, Metal Supermarkets is poised for rapid growth in the small quantity metals industry. With solid systems and processes in place,
Metal Supermarkets has proven itself to be an outstanding business opportunity for individuals seeking a B2B niche business. As a Metal Supermarkets franchisee, you will supply industrial metals cut to any size, delivered from your extensive stocks, with no minimum order. The Metal Supermarkets business truly occupies a niche in the market, providing exactly what the customer wants, when they want it and how they want it. Through the implementation of our business model and system, you will provide businesses and individual customers with an unparalleled service. As part of the Metal Supermarkets franchise system, you will enjoy the following benefits:
 * Use of our highly recognized trademark and business system
 * Professional training in the implementation of our business model and system in your protected territory
 * Access to our preferred provider network
 * Ongoing guidance and support in the operation of your Metal Supermarkets franchise
 * Marketing support including sales and referrals from our website

The total investment necessary to begin operation of a Metal Supermarkets franchised business is from $216,500 to $403,000. This includes $57,500 that must be paid to the franchisor or their affiliates.
If you enter into a development agreement to establish multiple Metal Supermarkets stores, the development fee (which is paid instead of the initial franchise fees that would be due for those stores) is $39,500 for the first store, $25,000 for the second store, and $15,000 for the third and each store after that.

Seeking new franchise units throughout the U.S.A, Asia, Australia/New Zealand, Canada, Mexico, South America 
Veteran Incentives  $5,000 off franchise fee

"Entrepreneur
#433 in Franchise 500 for 2020.
#381 in Franchise 500 for 2021.



About The Flying Locksmiths

 The Flying Locksmiths has been in business for over 70 years. Our experience and business education are two of the main components that create the framework of The Flying Locksmiths leadership team. It began with William McMenimon Sr., working out of his Jeep with one key machine in 1946. He was training to become a pilot and working as a locksmith, hence the reason for the unusual name. He opened a small key shop in Boston and later moved to the nearby suburb of Randolph, where the storefront is still located 30 years later. When William retired, he passed the business down to his sons; Barry and Brad, who expanded the company into the highly recognizable business it is today! Barry’s sons, Brett and Barry P, have also joined the leadership team, infusing the well-established family business, with the convenience of modern technology.The combination of generations has created a blend of old school ideals and new age tech, resulting in a mix that offers the newest products with a friendly neighborly smile. The mission of the company is simple: provide top of the line security, utilizing all means of communication, while staying true to family values.

Veteran Incentives  5% off franchise fee
"Entrepreneur
#190 in Franchise 500 for 2020.
#341 in Franchise 500 for 2021.