About FlyLock Security Solutions Franchise
FlyLock Security Solutions is a commercial security franchise that has been franchising since 2015.
The company specializes in providing businesses with comprehensive security solutions including access control systems, surveillance cameras, alarm systems, and integrated security technology.
Each location serves commercial clients ranging from small businesses to large enterprises.
FlyLock Security Solutions Franchise Cost & Fees
Minimum Investment
$163K
Average Investment
$285K
Maximum Investment
$408K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $75,000 - $300,000 | One-time payment upon signing |
| Royalty Fee | 8% of Gross Revenue of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | Up to 1% of Gross Revenue (not charged initially); $165 per month for Website SEO, Social Media Marketing, Email campaigns | National brand fund |
| Total Investment Range | $162,690 – $407,940 | Includes build-out, inventory, working capital |
The investment range of $163K–$408K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (8% of Gross Revenue) and marketing fee (Up to 1% of Gross Revenue (not charged initially); $165 per month for Website SEO, Social Media Marketing, Email campaigns) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $75,000 | $300,000 |
| Training-Related Expenses | $3,500 | $5,000 |
| Compact Van Rooftop Signage | $3,250 | $3,500 |
| Vehicle Expense - 1 Van | $7,800 | $8,500 |
| Hand Tools | $929 | $929 |
| Machinery | $4,486 | $4,486 |
| Office Lease | $400 | $600 |
| Initial Van Inventory | $4,160 | $4,160 |
| Communication Equipment | $100 | $200 |
| Insurance | $400 | $500 |
| Uniforms | $400 | $500 |
| Legal Fees | $2,000 | $4,000 |
| Business License(s) | $100 | $400 |
| Website, SEO, Social Media Management | $165 | $165 |
| Minimum Capital | $25,000 | $25,000 |
| Additional Funds – 3 Months | $35,000 | $50,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $5,000 plus the greater of 10% of selling price or $10,000 if broker network used |
| Renewal Fee | $5,000 |
| Technology Fee | Customer Management Software Fees ($50 per user per month, min 3 licenses), GPS Tracking Fee ($27 per month per van), Bookkeeping Software ($40 per month per user) |
| Audit Fee | Actual Cost of Audit (if discrepancy > 3%) |
| Monthly Reporting Late Fee | $500 per report |
| Payment Late Fee | $500 administrative fee and 10% interest |
| Customer Care Center Fund | 4% of Gross Revenue |
| Third party charges | Varies based on the amount of the charge |
| Territory Infringement Fee | 1st violation: $500 plus invoice amount; 2nd violation: $1,000 plus invoice amount; 3rd violation: $5,000 plus invoice amount |
| Retraining and Subsequent Training | $300 per person per day |
| Interest on Overdue Payments | 10% per annum |
| Indemnification | Will vary under circumstances |
| Costs and Attorney Fees | Will vary under circumstances |
| Van Leasing Management Fee | $10 per month per van |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 5 days classroom, 3 days on-the-job |
| Classroom Training | 38 hours |
| On-the-Job Training | 24 hours |
| Training Location | Braintree, MA and franchisee location |
| Additional Training | Franchisor may require additional training for franchisees or employees if performance deficiencies are identified, at a cost of $300 per person per day plus travel and living expenses. Managers must also complete all or part of the certification program for $300 per day per person. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Exclusive with performance requirements |
| Exclusive Territory | Yes |
| Territory Size | 200,000 to 2,000,000 people (typically 500,000) |
| Description | A designated geographical area based on U.S. Census Bureau data or other reliable sources. Exclusivity is maintained by meeting minimum gross revenue performance requirements: $225,000 in Year 1, $300,000 in Year 2, and $450,000 in Year 3 and beyond. Failure to meet these may result in termination or establishment of other outlets within the territory. Franchisor reserves the right to operate or franchise outside the designated territory and use other distribution channels. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10 years |
| Renewal Term | additional terms |
| Renewal Fee | $5,000 |
| Renewal Conditions | Renewal is permitted if the franchisee is in full compliance with the Franchise Agreement, has not committed any unremedied Material Default, meets current franchisor requirements, gives 6-9 months written notice, signs the then-current franchise agreement, executes a general release, and pays the renewal fee. New agreements may have materially different terms. |
| Transfer Fee | $5,000 plus the greater of 10% of selling price or $10,000 if broker network used |
| Transfer Conditions | Franchisor's prior written consent is required. Conditions include approval of advertisements, payment of transfer fee, execution of current franchise agreement by assignee, return of Operations Manual, execution of a release by franchisee and principals, completion of training by assignee/management, good standing of all agreements, and execution of a guarantee by assignee. |
| Termination for Cause | Material Default includes failure to pay sums due, non-compliance with agreement, failure to commence operations or operate for 5 consecutive business days, default on leases, insolvency, unauthorized assignment/transfer, misuse of Intellectual Property, failure to offer approved products/services, false reports, illegal/misleading advertising, criminal conviction, repeated defaults, or any other reason permitted by law. Some defaults allow a 15-day cure period. |
| Non-Compete Period | 18 months |
| Non-Compete Details | During the term of the franchise, franchisees and their officers/directors/managers cannot directly or indirectly engage in locksmith or security services in the United States. Post-termination, this restriction applies for 18 months within the former territory, 20 miles of the former location, or 20 miles of any franchisor/affiliate-owned territory. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | Individual franchisees and Operating Principals (for entities) must have direct, active day-to-day involvement on a full-time basis in managing the Franchised Business or supervising a General Manager. They are prohibited from directly providing locksmith or security services to clients. Operating Principals must own at least 25% of the voting equity and reside within 20 miles of the territory (waiver possible). One General Manager is required for every 1.5 million persons in the territory. |
| Required Suppliers | Franchisees must purchase van rooftop signs from designated vendors, locks for resale and installation from designated vendors or per specifications, locksmith equipment/supplies/tools per specifications, uniforms per specifications, and vehicles/wraps per specifications. Computer hardware and software (including Scheduling Software, customer management, GPS Tracking, and bookkeeping) must be specified by the franchisor. Credit card processing services must be through a designated vendor if processing through the dispatching system. |
| Supply Restrictions | Approximately 20-35% of total establishment expenses and 15% of ongoing operation expenses are from approved suppliers or meet specifications. Approximately 100% of inventory must be purchased from designated suppliers. |
| Franchisor Revenue from Suppliers | None in last fiscal year |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | Yes |
| Description | The franchisor has a Master Equity Lease Agreement with Enterprise FM Trust, a third-party lender, to finance a portion of the locksmith vehicle acquisition for qualified franchisees. Financing covers the van and aftermarket equipment (shelving, rack & inverter). A 20% down payment is required, with approximately 75% financed and a 5% residual/buyout at lease end. The interest rate is 3-year T-bill +400 basis points, with a 48-month repayment period and monthly payments of $550-575 on a $22,000 loan. Personal guaranty and security interest in the van are required. No prepayment penalty. Liability upon default includes immediate possession of vehicles by Sublessor, enforcement of obligations, and recovery of damages/expenses. |
FlyLock Security Solutions Franchise Earnings — Item 19
Average Revenue
$954K
Median Revenue
$874K
Revenue Range
$134K – $2.5M
Sample Size
82 units
Past financial performance does not guarantee future results. Individual results will vary.
FlyLock Security Solutions Litigation & Risk Flags
1 Pending Action ListedReview the full FDD for details on pending litigation.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
FlyLock Security Solutions System Growth
Total Units
90
Franchised
89
Company-Owned
1
FlyLock Security Solutions currently operates 89 franchised locations and 1 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2019 | 4 | 4 | 85 |
| 2020 | 3 | 1 | 87 |
| 2021 | 3 | 1 | 89 |
Transfers: 16 | Closures: 6
State Registrations
Registered in 14 states: CA, HI, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA, WI
Franchisor Financials (Item 21)
Revenue
$5.4M
Net Income
$989K
Total Assets
$3.2M
Audited by O'Connor & Drew P.C. for year ending December 31st.
FlyLock Security Solutions Franchise — FAQ
The total investment to open a FlyLock Security Solutions franchise ranges from $162,690 to $407,940, per their Franchise Disclosure Document. This includes the initial franchise fee of $75,000 - $300,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
FlyLock Security Solutions charges a royalty fee of 8% of Gross Revenue of gross sales, plus a Up to 1% of Gross Revenue (not charged initially); $165 per month for Website SEO, Social Media Marketing, Email campaigns contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the FlyLock Security Solutions Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from FlyLock Security Solutions to ensure you have the most up-to-date version.
According to the Item 19 financial performance representation in their FDD, FlyLock Security Solutions franchise owners report average revenue of $954K and median revenue of $874K. This is based on a sample of 82 units. Past performance does not guarantee future results.
FlyLock Security Solutions has been franchising since 2015. The FDD shows an investment range of $162,690-$407,940, a 8% of Gross Revenue royalty, and includes an Item 19 earnings disclosure. There are 1 pending litigation action(s). Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $75,000 - $300,000 and the total investment ranges from $162,690 to $407,940 depending on location size and market. A minimum of $25,000 in liquid capital is required. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from FlyLock Security Solutions and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with FlyLock Security Solutions or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com