The Flying Locksmiths vs velofix Group of Companies Franchise Comparison

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

Start-Up Costs and Fees
	The Flying Locksmiths Franchise	velofix Group of Companies Franchise
Investment	$182,596 - $428,396	$169,200 - $202,700
Franchise Fee	$75,000 - $300,000	$25,000
Royalty Fee	8%	8%
Advertising Fee	-	2%
Year Founded	1984	2012
Year Franchised	2015	2013
Term Of Agreement	-	-
Term Of Agreement	-	-
Renewal Fee	-	-
Business Experience Requirements
	The Flying Locksmiths Franchise	velofix Group of Companies Franchise
Experience	-	-
Financing Options
	The Flying Locksmiths Franchise	velofix Group of Companies Franchise
	In-House/3rd Party	In-House/3rd Party
Franchise Fees	-/Yes	-/Yes
Start-up Costs	-/Yes	-/Yes
Equipment	-/Yes	-/Yes
Inventory	-/Yes	-/Yes
Receivables	-/-	-/-
Payroll	-/-	-/-
Training & Support
	The Flying Locksmiths Franchise	velofix Group of Companies Franchise
Training	On-The-Job Training: 40 hours Classroom Training: 40 hours	On-The-Job Training: 17 hours Classroom Training: 24 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	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
Marketing	Ad Templates National Media Social media SEO Website development Email marketing Loyalty program/app	Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations	Absentee Ownership Allowed Number of Employees Required to Run: 2 - 6	-
Expansion Plans
	The Flying Locksmiths Franchise	velofix Group of Companies Franchise
US Expansion	Yes	Yes
Canada Expansion	Yes	Yes
International Expansion	-	-

Company Overviews

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.

About velofix Group of Companies

velofix was launched in 2013 by Chris Guillemet, Boris Martin, and Davide Xausa, who all share a passion for cycling and the common belief
that bicycles can help change the world. velofix is the largest fleet of Mobile Bike Shops in North America.

velofix has also been called “one of the most impressive mobile franchises” by Entrepreneur Magazine. velonews calls Mobile Bike Shops the #1 Industry Trend in 2017.

Veteran Incentives  10% off franchise fee