Protocol vs The Flying Locksmiths Franchise Comparison

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

Start-Up Costs and Fees
 
Protocol Franchise
The Flying Locksmiths Franchise
Investment $10,200 - $22,000$182,596 - $428,396
Franchise Fee $500$75,000 - $300,000
Royalty Fee 08%
Advertising Fee --
Year Founded 19871984
Year Franchised 19962015
Term Of Agreement 2 years-
Term Of Agreement 2 years-
Renewal Fee --


Business Experience Requirements
 
Protocol Franchise
The Flying Locksmiths Franchise
Experience --

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

Training & Support
 
Protocol Franchise
The Flying Locksmiths Franchise
Training - On-The-Job Training: 40 hours Classroom Training: 40 hours
Support -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 Social media SEO Website development Email marketing Loyalty program/app
Operations -Absentee Ownership Allowed Number of Employees Required to Run: 2 - 6

Expansion Plans
 
Protocol Franchise
The Flying Locksmiths Franchise
US Expansion -Yes
Canada Expansion NoYes
International Expansion No-

Company Overviews

About Protocol

 Protocol LLC is a leading international supplier of over-the-counter medications and other personal products … via wall-mounted vending dispensers.Plus, our turnkey Convenience Center programs provide everything you want. At NO COST TO YOU we install, administer, restock and service the dispensers - and share the revenue with you (purchase option available - you keep 100 percent of the revenue). With Protocol, you receive:

 Wide variety of name-brand and generic products
Professional and discrete dispensing cabinet appearance
Heavy-duty construction for reliable performance
Accountability of the revenue
Experienced control and management support team



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.