| ||||
Updated RecentlyThe Flying Locksmiths vs SportsXpress Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of The Flying Locksmiths vs SportsXpress including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $182,596 - $428,396 | $15,000 - And Up |
| Franchise Fee | $75,000 - $300,000 | $15,000 |
| Royalty Fee | 8% | 10% which includes a 2% towards training fund |
| Advertising Fee | - | - |
| Year Founded | 1984 | - |
| Year Franchised | 2015 | - |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | * Passion for sports * Strong people skills * Small financial investment |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/Yes | -/- |
| Start-up Costs | -/Yes | -/- |
| Equipment | -/Yes | -/- |
| Inventory | -/Yes | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
||
| 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 |
||
| US Expansion | Yes | Yes |
| Canada Expansion | Yes | Yes |
| International Expansion | - | - |
Company Overviews
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]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
About SportsXpress
SportsXpress is a grassroots, multi-media publishing platform dedicated exclusively to the community sports lifestyle! We’re all about the athletes, their teams, coaches, families, volunteers and fans. We publish real life stories and include all ages and skill levels.
Our business plan was derived from the evident lack of coverage of local organized sports. Through discussions with numerous groups and associations we also discovered those involved in local sports view it as more of a "lifestyle" - an important part of their identity. Later, we discovered the local sports scene is one of the largest lifestyle segments in any community and across the country.
In the spring of 2008 we launched a test model and have been developing the playbook ever since.
We are excited to invite you to be a part of this distinct lifestyle - one that we call a “hidden economy”, and look forward to working with you on developing your winning game plan.