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Updated RecentlyPark Select vs The Flying Locksmiths Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Park Select 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 | $55,000 - And Up | $182,596 - $428,396 |
| Franchise Fee | $40,000 | $75,000 - $300,000 |
| Royalty Fee | 10% - 6% | 8% |
| Advertising Fee | 1% | - |
| Year Founded | - | 1984 |
| Year Franchised | - | 2015 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 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 | -/- | -/Yes |
| Start-up Costs | -/- | -/Yes |
| Equipment | -/- | -/Yes |
| Inventory | -/- | -/Yes |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | Our comprehensive training program covers every aspect of owning and operating a Park Select franchise. You, any designated manager and up to two assistants will be supplied with the systems and tools that you will use to make your Park Select franchise a success. The step-by-step, in depth training will be administered by the very people that designed those systems and tools, our Park Select Training Team! Training at Park Select Franchising Opportunities headquarters in Wilmington, NC will last for one to two weeks, depending on the level of instruction needed in areas such as business organization or familiarity with the office software programs commonly used by Park Select. | On-The-Job Training: 40 hours Classroom Training: 40 hours |
| Support | Our Park Select Training Team and our Park Select Office Support Team will be there every step of the way! After your initial training at corporate headquarters, the Park Select Training Team will come to your territory for on-site training. Your field training will include helping you to establish your new accounts� assisting you as you set up and operate your Park Select office, and, of course, preparing you for a successful grand opening! Every territory and every franchisee is different; therefore, there is no pre-determined length of time for on-site training, though you can expect this period to last at least one to two weeks. And once your on-site field training is complete, ongoing training and support is only a phone call away. As your Park Select business grows, our corporate team will be there to help. From offering training for new staff members and management team members to assistance and advice on daily operations, Park Select franchisees are in business for themselves, but NEVER by themselves! | 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 | - | Absentee Ownership Allowed Number of Employees Required to Run: 2 - 6 |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | - | Yes |
| International Expansion | - | - |
Company Overviews
About Park Select
Park Select was established over ten years ago with a simple philosophy in mind - Why should parking lot owners pay to protect their lots from parking violators? Park Select's customer-specific, parking lot solutions are proven to alleviate parking lot abuse - and at little or no cost to our client, the lot owner! Park Select's unique business model ensures that the parking violator bears the burden of that cost! Park Select 003 What can a Park Select franchise do for property owners in your area? Generate Revenue Improve Functionality Eliminate Unnecessary Cost Until Park Select, property and business owners were forced to spend hundreds, even thousands, keeping unwanted cars out of their lots - contracting expensive security companies, hiring their own attendants to stop parking violators or installing costly equipment . Park Select Franchising Opportunities is changing all that, by equipping a new generation of business men and women with Park Select's innovative and proven systems and tools! We are proud of Park Select's success story and excited for the future of Park Select and the future opportunities of our Park Select franchisees. Perhaps that's you.
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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