Our Review Of:

Franchise
Pop A Lock Franchise

Pop A Lock Franchise began in 1991 as a car door unlocking service and is now the largest car door unlocking service in the United States. Pop A Lock Franchise guarantees its services and stands behind its 24-hour availability. Pop A Lock Franchise continues to be the leader in the car door unlocking business by providing our customers fast, professional service at competitive rates. Over the years, the company has grown to include Emergency Roadside Assistance Services and Locksmith Services in addition to the Car Door Unlocking Service.

BACKGROUND

Established: 1991

1st Franchised: 1995

Franchised Units: 106

Company Owned Units: 1

Projected New Units (12 Months): 100

Registered: CA, VA, MI, NY, FL, TX, IL (pending) / Willing to register in other states upon request

(Currently NOT accepting referrals from the following areas: Louisiana

FINANCIAL/TERMS

Cash Investment: $27K plus working capital

Total Investment: $ 27K plus working capital plus $20K when locksmith commences

Minimum Available Cash: $20 - $50K

Franchise Fee: $10K

Royalty: 6%

Ad: 1%

Average Number Of Employees: 3

Passive Ownership: Yes

SUPPORT & TRAINING PROVIDED

Financial Assistance Provided: No

Site Selection Assistance: N/A

Lease Negotiation Assistance: N/A

Co-Operative Advertising: No

Training: Owner Training provided at no charge--5 days

Technical Training @ $1,500 per person--10 days

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