The Flying Locksmiths vs Clothes Bin Franchise Comparison

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

Start-Up Costs and Fees
 
The Flying Locksmiths Franchise
Clothes Bin Franchise
Investment $182,596 - $428,396$156,145 - $199,965
Franchise Fee $75,000 - $300,000$40,000
Royalty Fee 8%-
Advertising Fee --
Year Founded 19842014
Year Franchised 20152015
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
The Flying Locksmiths Franchise
Clothes Bin Franchise
Experience --

Financing Options
 
The Flying Locksmiths Franchise
Clothes Bin Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/Yes-/-
Start-up Costs -/Yes-/-
Equipment -/Yes-/-
Inventory -/Yes-/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
The Flying Locksmiths Franchise
Clothes Bin 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
 
The Flying Locksmiths Franchise
Clothes Bin Franchise
US Expansion YesYes
Canada Expansion 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
#190 in Franchise 500 for 2020.
#341 in Franchise 500 for 2021.



About Clothes Bin


Clothes Bin® is a national franchise system made up of independently owned bins that are operated by franchisees.
The Clothes Bin® mission is to help people reach their entrepreneurial dream of business ownership through a semi-absentee franchise system that promotes environmental stewardship, stimulates the economy and provides a source of clothes, shoes and textiles in the United States and throughout the world.
This affordable franchise offers a flexible work schedule, low overhead and competitive margins, making it the ideal opportunity for veterans, firemen, teachers, entrepreneurs, part-time workers and anyone looking for a hands-on business.
  • Simply put, there’s no storefront to build out, no inventory to buy and nothing gets spoiled over time.
  • Overhead is low.
  • The franchise can be managed part-time, on your own time. No set hours to keep or store to maintain.
#389 in Franchise 500 for 2021. Not in Franchise 500 for 2020.