Franchise opportunities compared

    Garage Living vs The Flying Locksmiths

    Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.

    Initial investment · Item 7

    Garage Living

    $122,250 – $323,900

    2026 FDD · Item 7

    The Flying Locksmiths

    $146,741 – $397,595

    2026 FDD · Item 7 · PDF p. 18

    Initial franchise fee · Item 5

    Garage Living

    Not available

    The Flying Locksmiths

    $75,000

    2026 FDD · Item 5 · PDF p. 11

    Royalty · Item 6

    Garage Living

    6.5% · percent of Gross Revenue

    2026 FDD · Item 6 · PDF p. 12

    The Flying Locksmiths

    8% · percent of Gross Revenue

    2026 FDD · Item 6 · PDF p. 13

    Before you compare

    • Both sets of figures come from 2026 FDDs.
    • Garage Living discloses more than one business format, so the investment range spans formats; the full report breaks them out.
    • Item 19 figures cover the location groups each FDD names (Garage Living: 2, The Flying Locksmiths: 3). Different groups are not directly comparable.

    Financial commitment

    Estimated initial investment (Item 7)

    Garage Living

    $122,250 – $323,900
    2026 FDD · Item 7

    The Flying Locksmiths

    $146,741 – $397,595
    TOTAL
    2026 FDD · Item 7 · PDF p. 18
    Standard initial franchise fee (Item 5)

    Garage Living

    Not available
    No single standard fee identified

    The Flying Locksmiths

    $75,000
    2026 FDD · Item 5 · PDF p. 11
    Royalty (Item 6)

    Garage Living

    6.5% · percent of Gross Revenue
    Royalty – primary market
    2026 FDD · Item 6 · PDF p. 12

    The Flying Locksmiths

    8% · percent of Gross Revenue
    Royalty
    2026 FDD · Item 6 · PDF p. 13
    Brand / advertising fund (Item 6)

    Garage Living

    3% of gross revenue
    Marketing cooperatives
    2026 FDD · Item 6 · PDF p. 13

    The Flying Locksmiths

    1% of gross revenue
    National Advertising and Marketing
    2026 FDD · Item 6 · PDF p. 15

    System scale & health

    Total outlets (Item 20)

    Garage Living

    50
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 48

    The Flying Locksmiths

    95
    Outlets at end of 2024
    2026 FDD · Item 20 · PDF p. 50
    Net outlet change (Item 20)

    Garage Living

    −1
    Calculated: 51 at end of 2023 → 50 at end of 2025

    The Flying Locksmiths

    +1
    Calculated: 94 at end of 2022 → 95 at end of 2024
    Outlet exits (Item 20)

    Garage Living

    2
    Closures, terminations & non-renewals in 2025 · Calculated turnover 3.8% of outlets at start of year
    2026 FDD · Item 20 · PDF p. 48

    The Flying Locksmiths

    Not available
    No complete exit records for a year
    Franchising since (Item 1)

    Garage Living

    Began selling franchises in the United States in February 2015
    2026 FDD · Item 1 · PDF p. 8

    The Flying Locksmiths

    March 2015
    2026 FDD · Item 1 · PDF p. 9
    Franchisor founded (Item 1)

    Garage Living

    Incorporated July 28, 2014
    2026 FDD · Item 1 · PDF p. 8

    The Flying Locksmiths

    January 1, 2015
    2026 FDD · Item 1 · PDF p. 8

    Financial performance (Item 19), by location group

    Garage Living
    Franchised (30 franchise) — revenue and other measures and costs
    $322,407
    other Gross Sales
    2026 FDD · Item 19 · PDF p. 46
    Franchised (30 business) — other measures
    7.17 percent
    mean Unit Growth Rate
    2026 FDD · Item 19 · PDF p. 46
    TFThe Flying Locksmiths
    Franchised (69 locations) — revenue
    $1,033,559
    other Gross Revenue
    2026 FDD · Item 19 · PDF p. 47
    Franchised (10 locations) — revenue
    $1,597,412
    other Gross Revenue
    2026 FDD · Item 19 · PDF p. 47
    Company-owned (1 locations) — revenue and costs and profit
    $2,419,567
    other Revenues, net of discounts
    2026 FDD · Item 19 · PDF p. 49

    Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.

    Garage Living vs The Flying Locksmiths: common questions

    Which costs less to open, Garage Living or The Flying Locksmiths?
    Garage Living: $122,250 – $323,900 (2026 FDD · Item 7); The Flying Locksmiths: $146,741 – $397,595 (2026 FDD · Item 7 · PDF p. 18). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Garage Living. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
    How do Garage Living and The Flying Locksmiths royalties compare?
    Garage Living: 6.5% · percent of Gross Revenue (2026 FDD · Item 6 · PDF p. 12); The Flying Locksmiths: 8% · percent of Gross Revenue (2026 FDD · Item 6 · PDF p. 13). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Which has more locations, Garage Living or The Flying Locksmiths?
    Garage Living: 50 (2026 FDD · Item 20 · PDF p. 48); The Flying Locksmiths: 95 (2026 FDD · Item 20 · PDF p. 50). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do Garage Living and The Flying Locksmiths disclose financial performance (Item 19)?
    Garage Living has reviewed Item 19 figures for 2 location groups; The Flying Locksmiths has reviewed Item 19 figures for 3 location groups. Different location groups are not directly comparable, and revenue is not profit.

    Answers restate the reviewed figures above. Not a ranking or recommendation.

    How Franopolis reviews FDD figures

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