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Pop-A-Lock
POP-A-LOCK is America's largest locksmith, car door unlocking, and roadside assistance service. We provide fast, professional, guaranteed service using our proprietary tools and opening techniques. We offer an outstanding community service through our industry.
Franchisor Background
Year Established: 1991Franchising Since: 1994IFA Member
Operating Units: Franchised Units: 182 100% Company-Owned Units: 0 0% ______ _____ Total Operating Units: 182 100% Geographic Distribution: U.S.: 182 100% In 40 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries ______ _____ Total: 182 100% North America: States/Provinces with the largest number of operating units: Density Units 1. Texas 22 2. Florida 17 3. Louisiana 14
Registered in Following Registration States: California, Florida, Illinois, Indiana, Michigan, Minnesota, New York, Rhode Island, Virginia, Wisconsin Financial Requirements
Investment: Minimum Net Worth: $250-400K Cash Investment: $30-120K Total Investment: $100-150K Average Total Investment: $125K Fees: Initial Franchise Fee: $29K+$66/1000 of population Average Franchise Fee: $62K On-Going Royalty: 6% Average Royalty: 6% Advertising Fee: 1%
Average Number of Employees: 2 Full-time, 2 Part-timeSpace Needs (in square footage): N/APreferred Sites: Home-basedOther Sites: MobileEncourage Conversions? Not ApplicableEarnings Claims Provided? NoListed in the SBA Registry? NoSupport and Training
International Franchise Association: Yes Canadian Franchise Association: No Franchisee Association/Member: Yes, Member Size of Corporate Staff: 11 Site Selection Assistance? Not Applicable Lease Negotiation Assistance? Not Applicable Financial Assistance? Yes, Indirect Marketing Support: Co-Op Advertising: No National Advertising: Yes Regional Advertising: Yes Local Advertising: Yes Marketing Materials: None Specified Additional Services: None Specified Other Marketing Support: Yes On-Going Support: Central Data Processing: Included in Fees Central Purchasing: At Additional Cost Field Operation Evaluation: Included in Fees Field Training: Included in Fees Initial Store Opening: At Additional Cost Inventory Control: Included in Fees Franchisee Newsletter: Included in Fees Regional or National Meetings: At Additional Cost 800 Telephone Hotline: Included in Fees Training: 1. Lafayette, LA 10 Days + Additional Local
Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important): Financial Net Worth: 4 General Business Experience: 5 Specific Industry Experience: 1 Formal Education: 3 Psychological Profile: 3 Personal Interview(s): 4
Minority Representation
Units Owned by Minorities: African-American: N/A Asian-American: N/A Hispanic: N/A Native American: N/A Other: N/A Specific Minority: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Terms of Contract
Term of Initial Contract: 10 Year(s) Term of Renewal Period: 10 Year(s) Passive Ownership: Allowed Area Development Agreements? No Sub-Franchising Contracts? No Franchisees Allowed to Expand Within Territory? Yes
Expansion Plans
Projected New Units Over Next 12 months: 38
U.S.: Yes, All United States Canada: Yes, Toronto/GTA Overseas: Yes, Ireland, UK, China
