STEARCLEAR vs The Flying Locksmiths Franchise Comparison

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

Start-Up Costs and Fees

 
STEARCLEAR Franchise
The Flying Locksmiths Franchise
Investment $53,400 - $143,050$182,596 - $428,396
Franchise Fee $37,500 - $93,750$75,000 - $300,000
Royalty Fee 20%8%
Advertising Fee --
Year Founded -1984
Year Franchised -2015
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee --


Business Experience Requirements

 
STEARCLEAR Franchise
The Flying Locksmiths Franchise
Experience --

Financing Options

 
STEARCLEAR 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/No-/Yes
Inventory No/No-/Yes
Receivables No/No-/-
Payroll No/No-/-

Training & Support

 
STEARCLEAR Franchise
The Flying Locksmiths Franchise
Training Training: Each franchisee goes through STEARCLEAR's exclusive 3 Day Training Academy where you will learn critical skills to run your business including: Administrative: - finances, accounting, payroll, reporting, regulatory compliance, iPad Franchisee Software Service Operations/Staff Management: Health & safety, programs, protocols, services, recruitment, hiring, training, policies, scheduling Sales & Marketing: Includes customer service, community relations and public relations 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

Customer service, community relations and public relations

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

 
STEARCLEAR Franchise
The Flying Locksmiths Franchise
US Expansion -Yes
Canada Expansion -Yes
International Expansion --

Company Overviews

About STEARCLEAR

STEARCLEAR has taken franchising to the next level with a "franchise in a box" approach, providing everything a franchisee needs to run their business through an advanced iPad application. STEARCLEAR is a unique designated driver service that connects customers with local drive teams through a smartphone app. For a fee, the drive teams get both the customer and their car home safely. The company is backed by a $500,000 initial round of funding and announced yesterday that it has begun selling franchises across the United States for its smartphone enabled service. The press release is below my signature line. Designated driver services are not new, in fact there are thousands of independent services offer across the country. The founders of STEARCLEAR saw an opportunity in the market to streamline this very labor intensive and inefficient business model by combining smart phone and GPS technology with their knowledge of high-volume transactional systems to create a turn-key, fully automated business opportunity. What does the STEARCLEAR Franchise iPad App do? Pretty much everything a Franchisee needs to do to run their business. With it, the franchises don't have to process credit cards, handle paying employees or doing their tax reporting; they don't have to hire HR staff to ensure compliance with U.S. employment law, or worry with insurance and liability protections. StearClear also handles vetting the drivers, handling background checks, criminal and sexual predator checks, driving record checks, and even drug tests. STEARCLEAR has taken out much of the headaches of owning a business, simplified the process and provides a unique, beneficial service that is in demand.

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.