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Updated RecentlyPop-A-Lock vs My-Alarm Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Pop-A-Lock vs My-Alarm including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $96,904 - $130,313 | $50,000 |
| Franchise Fee | $15,500 | N/A |
| Royalty Fee | 7% | - |
| Advertising Fee | 1% | - |
| Year Founded | 1991 | - |
| Year Franchised | 1994 | - |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | Yes/Yes | -/- |
| Inventory | Yes/Yes | -/- |
| Receivables | Yes/Yes | -/- |
| Payroll | Yes/Yes | -/- |
Training & Support |
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| Training | On-The-Job Training: 40 hours Classroom Training: 28 hours Additional Training: Tech/employee training | �Complete comprehensive training & ongoing support. �Free "on-demand" sales and training webinars for you and your customers. |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | �Lifetime warranty on active systems and equipment. �Free unlimited technical support for you and your customers. �Free Dealer web page hosted on the My-Alarm website. �Billing and collections for your customers. |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | �Free unlimited Associate pages hosted for your marketing channels. �Free unlimited customized marketing materials on all products. |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 3 - 10 | MY-ALARM Bills Your Customer Monthly and Provides them with Lifetime Warranty and Technical Support. |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Pop-A-Lock
Your key to accomplishment: a Pop-A-Lock foundation of your own. We are hunting down qualified franchisees for far reaching and direct measured select areas, around the globe. Essentially none of our franchisees had any past "industry specific" experience. At this moment is a perfect chance to start your own particular Pop-A-Lock locksmith foundation and end up being a bit of our remarkably viable gathering. We invite you to research the potential results and endeavor our invigorating foundation business openings.
Pop-A-Lock is the biggest system of security experts in North America - in more than 8,900 groups. The organization and its field accomplices offer an entire scope of locksmith administrations for car, private and business customers, and also industry driving security establishment and repair for private, business and legislative situations. Through our "Buddy Saves Kids" program, we have spared more than 350,000 youngsters, from bolted vehicles, since 1991. This activity never charges families whose kids we spared. We have won many National Awards for greatness and administration.
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About My-Alarm
THIS IS NOT A FRANCHISE THIS IS A DEALERSHIP It's very easy to get on board as a MY-ALARM Dealer. If your specific market area is available, MY-ALARM has 3 basic requirements to start selling and earning. -Absolutely no pending, current or previous felonious convictions. -Complete the MY-ALARM required equipment training. (about 4 hours via on-line webinar) -Purchase , and activate service, at Dealer level pricing, at least three of our systems, any combination, (for training and demonstration). OPTION -A (select any combination of 3 systems) Simon XT Base System.. $378.00 My-See Video Camera...$194.00 GPS Tracking System....$189.00 Systems Activations....$75.00 Monthly Service $ 00.00* (Inclusive of) Training (for all 3 systems regardless of selection) Web Page & Set Up, Protected Market Territory, Lead Referrals. All Marketing Material & Support OPTION-B** We offer an equipment and service leasing option for less cash outlay. (this can be helpful with cash flow on new ventures). Our leasing option offers very lenient qualification guidelines. Terms are for 36 months and require $125.00 down and $125.00 per month. Dealer receives one each of all system types & 36 months of service is included. Using a Conservative Build-up of Adding One Additional Sale per Month for a 12 Month Period, Dealer's Monthly Profit Would Be In Excess of $1100.00 This does NOT include Payments made to Dealer (you)for Equipment sold.