Total Leak Concepts vs The Flying Locksmiths Franchise Comparison

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

Start-Up Costs and Fees

 
Total Leak Concepts Franchise
The Flying Locksmiths Franchise
Investment $15,000 - $45,000$182,596 - $428,396
Franchise Fee N/A$75,000 - $300,000
Royalty Fee -8%
Advertising Fee --
Year Founded -1984
Year Franchised -2015
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Total Leak Concepts Franchise
The Flying Locksmiths Franchise
Experience Minimum criteria for becoming a qualified candidate: Entrepreneurial minded Expertise in the segments of College/Universities, Multi Unit Housing, Health Hospital, Hotel/Motels, Government Housing and Resorts/Condo�s-

Financing Options

 
Total Leak Concepts 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

 
Total Leak Concepts Franchise
The Flying Locksmiths Franchise
Training - 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 -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

 
Total Leak Concepts Franchise
The Flying Locksmiths Franchise
US Expansion YesYes
Canada Expansion YesYes
International Expansion Yes-

Company Overviews

About Total Leak Concepts

Become a part of the Total Leak Concepts Distributor team with unlimited growth potential. Complete Turnkey Opportunity! Learn how to become a distributor today. The residential and commercial industry has experienced millions of dollars in water damage due to lack of leak prevention devices. We are now in a position to provide both residential and commercial sites a leak prevention device that will eliminate significant damage potential. Total Leak Concepts, LLC is seeking serious �minded entrepreneurs who want to become independent state distributors for its product. We will provide a complete turnkey opportunity for the serious minded entrepreneur. By becoming an independent STATE DISTRIBUTOR, you will: Experience unlimited earnings potential Be granted and retain rights to market Total Leak Concepts Products in selected areas Receive all the assistance you need to set up your own business, including all required documentation and set-up We provide: Wireless water sensors Adaptable to hardwired sensors Monthly valve health check Discrete water sensors Accommodates multiple valves Manual handle override Built-in freeze sensor Battery Back Up Currently offering state distribution rights for Canada and all states except California, Florida, Louisiana, Eastern Texas, Georgia, Alabama, Massachusetts, Connecticut, Rhode Island and New Hampshire.

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.