FlyLock Security Solutions franchise unit economics
FlyLock Security Solutions franchisees sell locksmith and security services and products, including doors, video cameras and access control, from a fixed office and two or more service vehicles, mainly to commercial customers.
FlyLock Security Solutions franchise at a glance
FlyLock Security Solutions' 2026 FDD reports 2025 gross revenue by quartile for single-territory outlets and for multi-territory owners, average monthly revenue by months in operation, and revenue and gross profit for the affiliate location.
FlyLock Security Solutions single-territory outlets, 67 of them, averaged $720,253 of gross revenue in 2025, with a median of $604,393, according to Item 19 of FlyLock Security Solutions’ 2026 FDD, issued 30 April 2026. Fees paid to FlyLock Security Solutions come to about 12.8%* of sales. A FlyLock Security Solutions franchise costs $147,824 to $398,777 to open.
- FlyLock Security Solutions multi-territory owners, 11 of them holding 24 territories, averaged $991,046 each, which is $454,229* a territory.
- A FlyLock Security Solutions franchise pays a royalty of 8% of gross revenue and a Client Services Fund fee of 4%, 3% or 2% depending on job size.
- A FlyLock Security Solutions franchise owes a monthly minimum royalty from its 13th month: $2,250, rising to $3,000 from month 25 and $4,500 from month 37.
- The four FlyLock Security Solutions outlets in their 12th to 24th month averaged $1,849 a month in 2025, below the $2,250 minimum royalty for that age.
- A FlyLock Security Solutions franchise costs $147,824 to $398,777 to open, including an initial franchise fee of $75,000 to $300,000 set by territory population.
- FlyLock Security Solutions had 98 franchised outlets at the end of 2025, up from 93 at the start of 2023, plus one outlet run by the franchisor’s affiliate.
These figures come from FlyLock Security Solutions's 2026 Franchise Disclosure Document, as the brand reported them, and were read by Averan Advisors. The $454,229 a territory figure is an Averan calculation: $991,046 times 11 owners, divided by 24 territories.
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Talk to Averan → Averan FlyLock Security Solutions Conversion Package →- The 67 single-territory outlets averaged $720,253 of gross revenue in 2025, and the median was $604,393. The highest was $2,747,992 and the lowest $43,983. Thirty-two of the 67, or 48%, exceeded the average.
- The 11 multi-territory owners averaged $991,046 across 24 territories. They report all their territories as one entity, so Item 19 gives no figure for each territory. Divided by territories, the group average is $454,229* a territory, 36.9%* below the single-territory average.
- The minimum royalty from month 13 is $2,250 a month, and the four outlets in their second year averaged $1,849 a month. The minimum rises to $3,000 from month 25 and $4,500 from month 37. Item 12 lets the franchisor terminate, or open another outlet in the territory, if the minimum revenue level is missed in any three consecutive months.
- The royalty is 8% and the Client Services Fund fee is 4% on jobs under $50,000. At the 4% rate, with $480* a month of software, GPS and marketing charges, the total at the $720,253 average is $92,190*, or 12.80%* of revenue.
- The affiliate location in Quincy, Massachusetts, reported revenue of $2,424,302 and gross profit of $1,231,564 for 2025. Cost of goods sold, which includes the wages of nine full-time technicians, was 49.20%* of revenue. After $293,563 of royalties and other franchise fees, $938,001 remained, 38.69%* of revenue.
Revenue, 2025
How much does a FlyLock Security Solutions franchise make?
| Group | Outlets | Territories | Average | Median | Highest | Lowest | Exceeded the average |
|---|---|---|---|---|---|---|---|
| Single-territory outlets | 67 | 67 | $720,253 | $604,393 | $2,747,992 | $43,983 | 32 (48%) |
| Multi-territory owners | 11 | 24 | $991,046 | $805,620 | $2,261,282 | $609,674 | 6 (55%) |
| Multi-territory, a territory* | 11 | 24 | $454,229* | – | – | – | – |
Source: Item 19, FPR 1. Gross revenue excludes refunds, credits and sales taxes, and is taken from franchisees’ monthly reports. Multi-territory owners file one report for all their territories. The third row is an Averan calculation: $991,046 times 11, divided by 24.
The 67 single-territory outlets averaged $720,253 of gross revenue in 2025, with a median of $604,393. The median is 16.1%* below the average. The highest outlet reported $2,747,992 and the lowest $43,983, a ratio of 62.5* to one.
The 11 multi-territory owners averaged $991,046, with a median of $805,620. Together they hold 24 territories. Item 19 says it is not practical to report each of their territories separately, so it reports each owner as a whole. Dividing the group average by territories gives $454,229* a territory, which is an average across territories and not a reported result for any one territory.
Item 19 says 98 franchised outlets operated for all of 2025 under the same owner. Its tables cover 67 single territories and 24 territories held by multi-territory owners, 91* territories in all. Item 20 shows 5 franchised outlets opened during 2025. The months-in-operation table counts 81 outlets that operated the entire year.
Item 19 also prints a statement for the affiliate location in Quincy, Massachusetts. For the year ended December 31, 2025, it reported revenue of $2,424,302, cost of goods sold of $1,192,732 (49.20%*), gross profit of $1,231,564 (50.80%*), royalties and other franchise fees of $293,563 (12.11%*) and $938,001 after those fees (38.69%*). Cost of goods sold includes product, installation supplies, tools and the salaries and payroll taxes of 9 full-time technicians. The affiliate is not a franchised outlet, has operated at that site since 1946 and serves a territory of about 1.5 million people. The text describes it as its 2024 results while the statement is headed 2025, and a note gives gross profit percentages of 39% for 2025 and 38% for 2024, which differ from the 50.80%* on the statement.
Revenue by months open
Monthly revenue by months in operation, 2025
| Months in operation | Outlets | Average monthly revenue | Median | Highest | Lowest | At or above the average | Minimum monthly royalty | Minimum as a share of the average* |
|---|---|---|---|---|---|---|---|---|
| 12–24 | 4 | $1,849 | $1,601 | $3,368 | $825 | 1 (25%) | $2,250 (from month 13) | 121.7%* |
| 25–36 | 2 | $52,683 | $52,683 | $81,205 | $24,161 | 1 (50%) | $3,000 | 5.69%* |
| 37–48 | 0 | n/a | n/a | n/a | n/a | n/a | $4,500 | – |
| 49 and over | 75 | $63,678 | $54,039 | $228,999 | $337 | 28 (37%) | $4,500 | 7.07%* |
| All | 81 |
Source: Item 19, FPR 2 (81 outlets that operated the entire year) and Item 6, note 2. The minimum royalty applies from the 13th month in operation. The last column divides the minimum monthly royalty by the band’s average monthly revenue.
The four outlets in their 12th to 24th month averaged $1,849 of gross revenue a month in 2025. Their median was $1,601 and the highest $3,368. Over a year, $1,849 a month is $22,188*, and the $2,250 minimum royalty is $27,000*.
The 75 outlets in operation 49 months or more averaged $63,678 a month, with a median of $54,039. The highest averaged $228,999 a month and the lowest $337. No outlet was in its 37th to 48th month.
The minimum is set as the royalty on a monthly revenue level: $18,750 from month 13, $25,000 from month 25 and $37,500 from month 37. The $2,250 minimum is 12%* of $18,750. At the 8% royalty rate, the royalty on $18,750 would be $1,500*.
Revenue by quartile
Revenue by quartile, 2025
| Quartile | Outlets | Average | Median | Highest | Lowest | Exceeded the quartile average |
|---|---|---|---|---|---|---|
| Top | 16 | $1,457,580 | $1,409,984 | $2,747,992 | $998,250 | 7 (44%) |
| Second | 17 | $751,750 | $731,010 | $974,459 | $620,932 | 6 (35%) |
| Third | 17 | $474,348 | $482,582 | $604,393 | $352,539 | 9 (53%) |
| Fourth | 17 | $240,706 | $254,270 | $351,207 | $43,983 | 10 (59%) |
| All | 67 | $720,253 | $604,393 | $2,747,992 | $43,983 | 32 (48%) |
Source: Item 19, FPR 1. Item 19 also splits the 11 multi-territory owners into quartiles of 3, 3, 3 and 2 owners.
The top quartile of single-territory outlets averaged $1,457,580 and the fourth quartile $240,706. The top-quartile average is 6.1* times the fourth-quartile average. The 17 outlets in the fourth quartile ranged from $43,983 to $351,207.
All 17 fourth-quartile outlets reported less than $450,000* for the year, which is 12 times the $37,500 monthly revenue level that applies from month 37. Item 19 does not give each outlet’s age or monthly figures, so it does not show how many months each fell below that level.
By quartile, the multi-territory owners averaged $1,577,743 (3 owners, 6 territories), $922,937 (3 owners, 7 territories), $729,627 (3 owners, 6 territories) and $605,290 (2 owners, 5 territories). Divided by territories, that is $788,872*, $395,544*, $364,814* and $242,116* a territory.
Brand charges
Brand charges
| Charge | Amount | A year at the average | Share of the $720,253 average |
|---|---|---|---|
| Royalty | Greater of 8% of gross revenue or the monthly minimum royalty | $57,620* | 8% |
| Monthly minimum royalty | $2,250 from month 13, $3,000 from month 25, $4,500 from month 37 | Not reached at the average | – |
| Client Services Fund | 4% of gross revenue on jobs under $50,000; 3% on $50,000 to $150,000; 2% over $150,000 | $28,810* at 4% | 4% |
| Customer management software | $60 a user a month, at least 3 users | $2,160* | 0.30%* |
| Bookkeeping software (QuickBooks Online) | $40 a user a month | $480* for one user | 0.07%* |
| GPS tracking | $30 a vehicle a month | $720* for two vehicles | 0.10%* |
| Marketing services fee | $200 a month after the six-month Marketing Jump Start Program | $2,400* | 0.33%* |
| National advertising fund | None charged now; up to 1% of gross revenue on 90 days’ notice | $0 | 0% |
| National account fees | Typically 1–20% of the invoice, added to the customer’s bill | Varies | – |
| Royalty, Client Services Fund at 4% and fixed monthly charges | $92,190* | 12.80%* |
Source: Items 5, 6 and 12. The fixed charges assume 3 software users, 1 bookkeeping user and 2 vehicles, $480* a month in all. Item 7, note 9, gives the marketing services rate as currently $300 a month; the table uses the $200 in Item 6. Other charges arise as incurred: renewal $5,000, transfer $5,000, additional training $300 a person a day, a $500 late report fee, a $500 late payment fee plus 10% interest, and territory infringement fees of $500, $1,000 and $5,000 plus the invoice amount.
The royalty is the greater of 8% of gross revenue or a monthly minimum royalty. Royalty and Client Services Fund fees are billed on revenue two months after the month of the sale and are due between the 8th and 10th of the month. The minimum applies from the 13th month in operation and is due on the first Friday of the following month.
The Client Services Fund fee is 4%, 3% or 2% of gross revenue depending on the job amount. To qualify for the lower rates a franchisee must meet criteria in the Operations Manual. At 2%, the fee at the $720,253 average would be $14,405* a year, against $28,810* at 4%.
If a franchisee misses the minimum monthly revenue level in any three consecutive months, Item 12 lets the franchisor terminate the agreement, open another outlet in the territory, change the territory’s boundaries or let another franchisee serve it. The territory is not exclusive.
At the fourth-quartile average of $240,706, the minimum royalty from month 37 is above 8% of revenue. Spread evenly, $240,706 is $20,059* a month, on which 8% is $1,605* against the $4,500 minimum. Twelve months at the minimum come to $54,000*, or 22.43%* of $240,706. Item 6 says the franchisor may collect the minimum, not that it must.
Cost to open
Cost to open
| Item | Low | High | Paid to |
|---|---|---|---|
| Initial franchise fee | $75,000 | $300,000 | Franchisor |
| Training-related expenses | $3,500 | $5,000 | Hotels, restaurants, transport |
| Vehicle expense (down payment on one vehicle) | $10,000 | $15,000 | Vendors |
| Hand tools | $1,416 | $1,625 | Vendors |
| Machinery | $4,209 | $4,850 | Vendors |
| Office lease (one month) | $400 | $600 | Landlord |
| Initial vehicle inventory | $4,750 | $4,850 | Vendors |
| Communication equipment | $100 | $200 | Vendors |
| Insurance deposit | $400 | $500 | Vendors |
| Uniforms | $400 | $500 | Vendors |
| Legal fees | $2,000 | $4,000 | Attorney |
| Business licenses | $100 | $400 | Government agencies |
| Initial inventory | $4,697 | $5,400 | Vendors |
| Marketing Jump-Start Program | $5,000 | $5,000 | Franchisor |
| CareerPlug software | $795 | $795 | Vendor |
| Online training program (Vector Firm) | $57 | $57 | Vendor |
| Additional funds, 3 months | $35,000 | $50,000 | Employees, suppliers, utilities |
| Total | $147,824 | $398,777 |
Source: Items 5, 7 and 11. The cover page says $80,000 to $312,000 of the total is paid to the franchisor or an affiliate. The vehicle line is a down payment on one vehicle; Item 7 gives a cash price of $30,000 to $60,000 a vehicle. The office lease line is one month of rent.
The 2026 FDD estimates $147,824 to $398,777 to open one FlyLock Security Solutions franchise. Item 11 gives a typical time from signing to operating of one to six months.
The initial franchise fee is $75,000 for a territory of up to 500,000 people and 15 cents a person above that, up to $300,000 for about 2,000,000 people. Without the fee, the other lines add to $72,824* and $98,777*. The fee is 50.7%* of the low total and 75.2%* of the high total. Honorably discharged U.S. veterans receive 5% off the initial fee, $3,750* on a $75,000 fee.
A conversion franchise, for an owner of a similar business with at least 3 years in the trade and at least $250,000 of prior-year sales, pays a reduced initial fee. For a territory of up to 500,000 people the fee is $37,500 for prior-year sales of $250,000 to $499,999, $18,750 for $500,000 to $749,999, $15,000 for $750,000 to $999,999, and nothing for $1,000,000 and above. The royalty is waived for the first six months, the Client Services Fund for three months, and the Marketing Jump Start fee and the following six months of the marketing services fee are waived. Item 7 lists $0 to $37,500 for a conversion franchise.
Locations
Locations, 2023 to 2025
| Year | Franchised at start | Opened | Terminated | Non-renewed | Reacquired | Ceased, other reasons | Franchised at end | Affiliate-owned at end | Transfers |
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 93 | 1 | 1 | 0 | 0 | 1 | 92 | 1 | 3 |
| 2024 | 92 | 4 | 2 | 0 | 0 | 0 | 94 | 1 | 0 |
| 2025 | 94 | 5 | 1 | 0 | 0 | 0 | 98 | 1 | 1 |
| 2023–2025* | 93 | 10* | 4* | 0 | 0 | 1 | 98 | 1 | 4* |
Source: Item 20. The company-owned outlet in Table 1 is owned and run by the franchisor’s affiliate, The Flying Locksmiths, Inc., in Massachusetts. At December 31, 2025, 3 franchise agreements were signed for outlets not yet open, and the franchisor projected 10 franchised openings and no company-owned openings in the next fiscal year.
Franchised outlets went from 93 at the start of 2023 to 98 at the end of 2025. Over the three years 10* opened, 4* were terminated and 1 ceased operating for other reasons. There were no non-renewals and no reacquisitions.
Four* outlets changed hands between franchisees in the three years: 3 in 2023, none in 2024 and 1 in 2025.
Three franchise agreements were signed for outlets not yet open at the end of 2025. They are in Alabama, Nebraska and Utah. The projected 10 openings for the next year include 2 in Utah and 1 each in eight other states and Washington, DC.
Questions we get asked
Questions owners ask
How much does it cost to open a FlyLock Security Solutions franchise?
The 2026 FDD estimates $147,824 to $398,777. That includes the initial franchise fee of $75,000 to $300,000, set at $75,000 for up to 500,000 people and 15 cents a person above that, a $5,000 Marketing Jump-Start Program and $35,000 to $50,000 of additional funds for three months.
What fees does a FlyLock Security Solutions franchisee pay?
A royalty of the greater of 8% of gross revenue or a monthly minimum royalty, plus a Client Services Fund fee of 4%, 3% or 2% of gross revenue by job size. Fixed monthly charges include $60 a user for customer management software (at least 3 users), $40 a user for bookkeeping software, $30 a vehicle for GPS and a $200 marketing services fee. At the $720,253 average with the 4% fund rate, these come to 12.80%* of revenue.
How does the FlyLock Security Solutions minimum royalty work?
From the 13th month in operation the franchisor may collect a minimum royalty of $2,250 a month, $3,000 from month 25 and $4,500 from month 37. These are the royalty on monthly revenue of $18,750, $25,000 and $37,500. Missing the revenue level in any three consecutive months allows the franchisor to terminate or to open another outlet in the territory.
How much does a FlyLock Security Solutions franchise make?
In 2025 the 67 single-territory outlets averaged $720,253 of gross revenue, with a median of $604,393, a high of $2,747,992 and a low of $43,983. The 11 multi-territory owners averaged $991,046 across 24 territories. These are revenue figures before costs; Item 19 gives no franchisee profit figures.
How many FlyLock Security Solutions locations are there?
At the end of 2025 there were 98 franchised outlets and one outlet run by the franchisor’s affiliate. Franchised outlets numbered 93 at the start of 2023, 92 at the end of 2023 and 94 at the end of 2024.
Does FlyLock Security Solutions offer a conversion franchise?
Yes. An owner of a similar business with at least 3 years in the trade and at least $250,000 of prior-year sales pays a reduced initial fee of $37,500, $18,750, $15,000 or nothing, depending on prior-year sales. The royalty is waived for six months and the Client Services Fund for three months.
Questions worth putting to FlyLock Security Solutions
These are questions the filing leaves open. An owner or a buyer can put them to the franchisor directly.
- Is the revenue in Item 19 gross sales or collected revenue, and how many locations sit below the average?
- Which factors does FlyLock Security Solutions see in its highest-selling locations, such as territory, years open and staffing?
- How long does a new location take to reach the average you publish, and what does the build-up look like month by month?
- At what level of sales do the minimum charges stop applying and the percentage take over?
- How many FlyLock Security Solutions locations closed, were sold, or changed hands last year, and why?
Run your own numbers.
The Franchise Numbers Check runs the same checks on your own numbers. It scores where you stand and compares you with Item 19 of your brand’s FDD. It works out what one location earns and spends, and builds a 13-week cash forecast. It also checks whether you are ready to open another one. It is free and it runs in your browser.
Launch the diagnostic →Reporting for a FlyLock Security Solutions owner
We review your unit economics and cash forecast and build your monthly reporting around the figures on this page.
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Questions owners ask next
The figures above raise these, and each one is answered on its own page.
- At what level of sales does a minimum fee stop costing me more than the percentage?It works out the sales level where a minimum fee stops applying.
- How much cash do I fund before a new location covers its own costs?It builds a 13-week forecast for the months before break-even.
- What does this location earn on the money I put into it?It works out the payback period and cash-on-cash return for one unit.
- How much of Item 19 can I rely on?It explains what an Item 19 financial performance representation tells you and what it leaves out.
Where these figures come from
Every figure here comes from TFL Franchise Systems, LLC’s 2026 FDD and is unaudited by us. We are unaffiliated with the brand. Calculations of our own are labeled where they appear. The figures describe past performance at other businesses and are not a projection of yours. This page is an educational summary. It is not an offer to sell a franchise, and it is not financial, legal or tax advice. FlyLock Security Solutions is a trademark of its owner. How Averan reads a Franchise Disclosure Document.
These figures come from the brand's disclosure. They are not a forecast, an offer to sell a franchise or advice. Source: TFL Franchise Systems, LLC, 2026 Franchise Disclosure Document, issued 30 April 2026.