Franchise opportunities compared
Hello Garage 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.
Before you compare
- Both sets of figures come from 2026 FDDs.
- The Flying Locksmiths 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 (Hello Garage: 1, The Flying Locksmiths: 3). Different groups are not directly comparable.
| Disclosure |  Hello Garage | TFThe Flying Locksmiths |
|---|---|---|
| Financial commitment | ||
| Estimated initial investment (Item 7) | $165,340 – $205,250 Total 2026 FDD · Item 7 · PDF p. 16 | $0.00 – $397,595 2026 FDD · Item 7 |
| Standard initial franchise fee (Item 5) | $59,500 Initial product inventory and certain equipment of $40,000 to $50,000 must also be purchased. 2026 FDD · Item 5 · PDF p. 11 | $75,000 2026 FDD · Item 5 · PDF p. 11 |
| Royalty (Item 6) | 5% of gross revenue Royalty Fee 2026 FDD · Item 6 · PDF p. 12 | 8% · percent of Gross Revenue Royalty 2026 FDD · Item 6 · PDF p. 13 |
| Brand / advertising fund (Item 6) | 2% of gross revenue Hello Garage Brand Fund Contribution 2026 FDD · Item 6 · PDF p. 12 | 1% of gross revenue National Advertising and Marketing 2026 FDD · Item 6 · PDF p. 15 |
| System scale & health | ||
| Total outlets (Item 20) | 87 Outlets at end of 2025 2026 FDD · Item 20 · PDF p. 43 | 95 Outlets at end of 2024 2026 FDD · Item 20 · PDF p. 50 |
| Net outlet change (Item 20) | −46 Calculated: 133 at end of 2023 → 87 at end of 2025 | +1 Calculated: 94 at end of 2022 → 95 at end of 2024 |
| Outlet exits (Item 20) | 30 Closures, terminations & non-renewals in 2025 · Calculated turnover 25.6% of outlets at start of year 2026 FDD · Item 20 · PDF p. 43 | Not available No complete exit records for a year |
| Franchising since (Item 1) | July 2020 2026 FDD · Item 1 · PDF p. 1 | March 2015 2026 FDD · Item 1 · PDF p. 9 |
| Franchisor founded (Item 1) | Formed in November 2019 2026 FDD · Item 1 · PDF p. 1 | January 1, 2015 2026 FDD · Item 1 · PDF p. 8 |
| Performance (Item 19) | ||
| Financial performance (Item 19), by location group | Franchised and company-owned (25 locations) — revenue and other measures $372,569 mean Installation Gross Revenue · 2026 FDD · Item 19 · PDF p. 40 | 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.