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Below is an in-depth analysis and side-by-side comparison of The Flying Locksmiths vs Local Door Coupons including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $182,596 - $428,396 | $26,100 - $41,500 |
Franchise Fee | $75,000 - $300,000 | $24,900 |
Royalty Fee | 8% | 9% |
Advertising Fee | - | 2% |
Year Founded | 1984 | 2014 |
Year Franchised | 2015 | 2015 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | The Local Door Coupons Franchisees: Enjoy sales. Self-motivated and energetic. Have a good business understanding. Outgoing and enjoy being on the field and meeting people. Feel satisfaction from helping local businesses succeed. Have a background in business/or sales management (Not required, but preferred). Have the ability to follow a proven, easy turn-key system. |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/Yes | Yes/Yes |
Start-up Costs | -/Yes | Yes/Yes |
Equipment | -/Yes | Yes/- |
Inventory | -/Yes | Yes/- |
Receivables | -/- | Yes/- |
Payroll | -/- | Yes/- |
Training & Support |
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Training | On-The-Job Training: 40 hours Classroom Training: 40 hours | The Local Door Coupons provides you with a comprehensive and multi-faceted training course which includes various hours of classroom setting training and many more hours of on the job training at one of our already established offices. We are committed to your success and for that reason we will not only be hosting training sessions at our headquarters, our staff travels out to your territory and guides you in introducing and obtaining your first few clients. You and your staff will also have complete access to our training and operational manuals as an on-going reference for operations. Support and assistance will be provided as needed. |
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 | 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 | Co-op Advertising Ad Templates National Media Social media SEO Website development Email marketing |
Operations | Absentee Ownership Allowed Number of Employees Required to Run: 2 - 6 | Absentee Ownership Allowed Number of Employees Required to Run: 1 |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | Yes | - |
International Expansion | - | - |
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.
Ever wanted to own your own business? Instead of starting one that
competes with every other business, why not provide a unique service
that every company needs? We offer an advertising solution that is
innovative, effective and affordable. As a franchisee, you work with
local businesses within your exclusive territory to promote their
products/services utilizing our Door Coupons. New offerings/coupons are
printed and delivered to homes within your territory monthly.