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Updated RecentlyPreferred HealthStaff vs The Flying Locksmiths Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Preferred HealthStaff vs The Flying Locksmiths including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $62,120 - $94,661 | $182,596 - $428,396 |
| Franchise Fee | $35,000 | $75,000 - $300,000 |
| Royalty Fee | 5% | 8% |
| Advertising Fee | 1% | - |
| Year Founded | 2009 | 1984 |
| Year Franchised | 2014 | 2015 |
| Term Of Agreement | 5 years +5 +5 +5 | - |
| Term Of Agreement | 5 years +5 +5 +5 | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | You are not required to have a background in the healthcare field. We look for you having: A positive attitude and resourcefulness Natural sales abilities and the willingness to go “above and beyond” on behalf of clients We prefer franchise owners who will be directly involved in the operations and growth of their Preferred HealthStaff franchises You may have a spouse, a business partner, or administrative staff assist you with running the business. We expect that franchisees have the right amount of capital to invest in the business. | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/Yes |
| Start-up Costs | -/- | -/Yes |
| Equipment | -/- | -/Yes |
| Inventory | -/- | -/Yes |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | You and two key staff members will receive initial at-home training for up to two weeks in total, covering caregiver training, software training, and more. This will be followed by up to five days of training at our corporate support center, covering additional caregiver and software training, as well as marketing, business management, and other important issues. | On-The-Job Training: 40 hours Classroom Training: 40 hours |
| Support | A representative of Preferred HealthStaff will spend up to five days with you during your initial months of operation, assisting you and your staff on-site at your local office. Access to all Preferred HealthStaff's trademarks, and our established business model and procedures. A copy of our confidential operations manual to help you run your franchise business properly on a day-to-day basis. | 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 | Ad Templates National Media Social media SEO Website development Email marketing Loyalty program/app | |
| Operations | We prefer franchise owners who will be directly involved in the operations and growth of their Preferred HealthStaff franchises You may have a spouse, a business partner, or administrative staff assist you with running the business. | Absentee Ownership Allowed Number of Employees Required to Run: 2 - 6 |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | Yes |
| International Expansion | No | - |
Company Overviews
About Preferred HealthStaff
- Veteran Incentives 20% off franchise fee
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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
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