Pinch A Penny vs The Flying Locksmiths Franchise Comparison

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

Start-Up Costs and Fees
 
Pinch A Penny Franchise
The Flying Locksmiths Franchise
Investment $289,375 - $411,200$182,596 - $428,396
Franchise Fee $50,000$75,000 - $300,000
Royalty Fee 6%8%
Advertising Fee 4%-
Year Founded 19751984
Year Franchised 19762015
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Pinch A Penny Franchise
The Flying Locksmiths Franchise
Experience --

Financing Options
 
Pinch A Penny Franchise
The Flying Locksmiths Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/Yes
Start-up Costs -/--/Yes
Equipment -/--/Yes
Inventory -/--/Yes
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Pinch A Penny Franchise
The Flying Locksmiths Franchise
Training On-The-Job Training: 70 hours Classroom Training: 100 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 Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app 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
 
Pinch A Penny Franchise
The Flying Locksmiths Franchise
US Expansion -Yes
Canada Expansion -Yes
International Expansion --

Company Overviews

About Pinch A Penny

Pinch A Penny strives to be unrivaled in providing value, quality and service to their customers. Perhaps that's why they're now 230 stores strong and growing. But they'd also like to think it's because their swimming pool expertise is something clients can count on to keep their pool and spa its healthiest and their client's family it's happiest. In fact, Pinch A Penny stores are all staffed with fully-trained people. They have more Certified Pool Operators than any other company and their continuing education programs are unparalleled. Since opening its first store in 1975, Pinch A Penny has become the largest franchised retail pool, patio and spa company.

   ""     "Top    "Entrepreneur
In Franchise Business Reviews' Top 200.
#26 in Gator's Top franchises.
#150 in Franchise 500 for 2020.
#254 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.