Franopolis

    The Flying Locksmiths

    TFL Franchise Systems, LLC · reviewed 2026 disclosure data

    Reviewed sources

    Specializing in residential and commercial locksmith services, The Flying Locksmiths franchise operates as a mobile service business providing security solution

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    Headline figures

    The Flying Locksmiths quick facts

    Is The Flying Locksmiths a franchise?
    Yes. The Flying Locksmiths offers franchises through a Franchise Disclosure Document. At the end of 2024, it reported 94 franchised and 1 company-owned outlets (2026 FDD, Item 20, PDF p. 50).
    How much does it cost to open a The Flying Locksmiths franchise?
    The The Flying Locksmiths Franchise Disclosure Document reports an estimated initial investment of $146,741–$397,595 (2026 FDD, Item 7, PDF p. 18). This is the franchisor's disclosed estimate, not a quote. Details
    What is the The Flying Locksmiths initial franchise fee?
    The disclosed initial franchise fee for a standard single unit is $75,000 (2026 FDD, Item 5, PDF p. 11). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
    What ongoing fees does The Flying Locksmiths charge?
    The disclosed ongoing royalty is 8% · percent of Gross Revenue (2026 FDD, Item 6, PDF p. 13). The brand or advertising fund contribution is 1% · percent of Gross Revenue (2026 FDD, Item 6, PDF p. 15). Other recurring fees are listed in Item 6. Details
    Does The Flying Locksmiths disclose financial performance (Item 19)?
    Yes. The The Flying Locksmiths FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 47). Figures apply only to the locations and period each one covers. Details
    How many The Flying Locksmiths locations are there?
    The FDD reports 95 outlets at the end of 2024 (2026 FDD, Item 20, PDF p. 50). Existing locations do not indicate territory availability. Details
    Is The Flying Locksmiths a good franchise to buy?
    Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 includes financial performance figures; check which locations and period they cover; Item 20 lists outlet openings, closures and transfers; Item 6 includes a brand or advertising fund contribution on top of royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.

    From reviewed FDD figures only. Not a recommendation or projection.

    What the disclosures show

    1. 1Opening costs are estimated at $146,741 – $397,595 in the 2026 FDD (Item 7); several initial fee options apply.
    2. 2Item 19 covers 3 separate groups: revenue for 69 franchised locations; revenue for 10 franchised locations; revenue and costs and profit for 1 company-owned locations. They are not combined.
    3. 3Outlets grew by 2 in 2024, to 95 (System Wide, as labeled in the FDD, Item 20).

    From reviewed FDD figures only. Not a recommendation or projection.

    Franchises under $150kOther brands whose disclosed Item 7 low end fits this budget.Compare outlet trendsPut Item 20 counts side by side with up to 3 other brands.

    The Flying Locksmiths head-to-head

    Closest peers in the same subcategory, side by side from reviewed FDD figures. Not a ranking or recommendation.

    The Flying LocksmithsVSGarage Force
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    The Flying LocksmithsVSShelfGenie
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    The Flying LocksmithsVSPrecision Garage Door Service
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    The Flying LocksmithsVSPremierGarage
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    Costs · Items 5–7

    What does it cost to open?

    Estimated opening costs and the fees payable to the franchisor.

    Startup Investment — Item 7

    Total estimated initial investment

    2026 FDD · Item 7 · PDF p. 18

    Standard single-unit franchise fee

    2026 FDD · Item 5 · PDF p. 11
    Discounted and multi-unit options are separate; see all fees.

    Ongoing Fees — Item 6

    Selected recurring charges; payment bases and conditions remain attached to each fee.

    RoyaltyMain ongoing fee

    21 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.

    Financial Performance — Item 19

    What results are disclosed—and for which locations?

    3 separate populations, shown apart. Revenue is not owner income.

    Franchised locations

    Revenue · 69 locations

    Who is counted
    69 Single Territory Flying Locksmiths outlets operating for the entirety of 2024
    Period
    2024 calendar year
    Excluded
    Each outlet had been open for at least a year and operated for the entire reporting year; figures exclude costs, operating expenses, royalties, and other costs or expenses.
    Method
    Information is based on monthly reports provided by franchisees; multi-territory franchisees report as a single operational entity.

    These groups are never combined.

    Outlet Changes — Item 20

    How has the outlet count changed?

    System Wide, as labeled in the FDD · counts as of year end of each year.

    2026 FDD · Item 20 · PDF p. 50

    Net +1 outlets, 2022–2024

    0942022932023952024−1+2

    Year-end counts reported in Item 20. The scale starts at zero, so the line looks nearly flat; the labels between the dots show each year's change. Openings and closures for 2024 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.

    Questions to investigate

    Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.

    For the franchisor

    • Which line items in the 2026 Item 7 estimate ($146,741 – $397,595) vary most by market, and why?

    • Which initial fee option would apply to my situation, and what conditions or discounts affect it?

    • Which locations are included in the Item 19 figures, and which were excluded?

    • Reported units went from 93 to 95 in 2024. How many new units opened, closed or changed hands?

    • Is a territory available in my area, and how is it defined in my agreement?

    For current and former owners

    • How did your actual startup costs and timeline compare with the Item 7 estimate?

    • How many hours a week do you work in the business, and in what role?

    • How do your results compare with the Item 19 figures, and what explains the difference?

    • What support from the franchisor has been most and least useful?

    For your advisors

    • Ask a franchise attorney to review the territory, renewal, transfer and termination terms.

    • Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.

    Sources & vintage history

    Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.

    Citations (2026 FDD)

    1. [1]Estimated initial investment — Item 7 · PDF p. 18
    2. [2]Standard initial franchise fee — Item 5 · PDF p. 11
    3. [3]Item 19 — Franchised (69 locations) — revenue · PDF p. 47
    4. [4]Item 19 — Franchised (10 locations) — revenue · PDF p. 47
    5. [5]Item 19 — Company-owned (1 locations) — revenue and costs and profit · PDF p. 49
    6. [6]Outlet counts — Item 20, Table 1 · PDF p. 50

    "PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD

    Territory & operations

    87 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.

    These are contract disclosures, not confirmation that any territory is currently available.

    Legal & agreement

    Bankruptcy disclosure

    Initial term

    Franchisor financial statements

    No verified franchisor financial statement figures have been reviewed yet.

    SBA-backed loans to franchisees

    Loading…

    Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.

    Related research

    Brands in the same subcategory first, then the wider industry, ordered by shared business format, overlapping investment range, Item 20 outlet count and search interest. This is not a ranking or recommendation.

    Garage ForceShelfGeniePrecision Garage Door ServicePremierGarageGarage ExpertsHello Garage

    Head-to-head comparisons

    The Flying Locksmiths vs Garage ForceThe Flying Locksmiths vs ShelfGenieThe Flying Locksmiths vs Precision Garage Door ServiceThe Flying Locksmiths vs PremierGarageThe Flying Locksmiths vs Garage ExpertsThe Flying Locksmiths vs Hello Garage
    Compare reviewed facts

    At a glance

    Business history

    Owner participation

    Territory language

    Litigation disclosure

    Not reviewed

    Bankruptcy disclosure

    Agreement term

    Reader notes on wording

    Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.

    • Item 3 · PDF p. 11 · 2026 FDD

      Our summary: Total disclosed litigation cases: 1

      “Except as described above, no litigation is required to be disclosed in this item.”

      Note: Source says no other litigation is required to be disclosed, but does not explicitly state one total case.

    • Item 9 · PDF p. 24 · 2026 FDD

      Our summary: Key franchisee obligations: Select and lease an approved site; complete pre-opening purchases, training, and opening requirements; pay fees; follow standards and the Operations Manual; use approved products, suppliers, technology, advertising, and trademarks; maintain insurance, staff, records, and reports; permit inspections and audits; comply with territory, transfer, renewal, post-termination, noncompetition, and dispute-resolution requirements.

      “This table lists your principal obligations under the franchise and other agreements. It will help you find more detailed information about your obligations in these agreements and in other items of this disclosure document.”

      Note: Source lists obligations generally; extracted claim adds detailed requirements not present in the quoted source.

    • Item 11 · PDF p. 15 · 2026 FDD

      Our summary: National advertising fund: Up to 1% of Gross Revenue; no initial fee, with 90 days written notice before implementation

      “We reserve the right to require you to pay to us up to 1% of Gross Revenue for a National Advertising Fund. ... No fee charged initially, but we may institute fee with 90 days written notice.”

      Note: Source states cooperative advertising and marketing expenses at 5.4%, not a national fund of up to 1%.

    • Item 17 · PDF p. 83 · 2026 FDD

      Our summary: Initial term: 10 years

      “The term of this Agreement shall commence on the Scheduled Opening Date ... and ... shall continue for a term of ten (10) years, subject to renewal pursuant to Section 19.”

      Note: Provided source excerpt does not state the Franchise Agreement’s initial term.

    • Item 17 · PDF p. 116 · 2026 FDD

      Our summary: Post-term non-compete radius: Within 20 miles of the franchisee’s location or any other franchisor franchisee

      “for a period of 18 months after expiration ... shall not directly or indirectly, engage ... at or within twenty (20) miles of Franchisee’s location or within twenty (20) miles of any other franchisee of Franchisor.”

      Note: Provided source excerpt does not state the post-term non-compete radius.

    • Item 17 · PDF p. 118 · 2026 FDD

      Our summary: Dispute venue: State and federal courts closest to the franchisor’s main office; Massachusetts headquarters location, subject to state addenda

      “In any suit over any Claims, venue shall be proper only in the state and federal courts closest to our main office.”

      Note: Source states closest main office, but does not clearly identify it as Massachusetts headquarters.

    • Item 21 · PDF p. 56 · 2026 FDD

      Our summary: Fiscal year end: December 31

      “Our fiscal year end is December 31 st.”

      Note: Provided source excerpt does not state the fiscal year end.

    Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.

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