Franchise opportunities compared

    HHO Carbon Clean Franchise System vs Noble Locksmith

    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

    HHO Carbon Clean Franchise System

    $108,380 – $185,330

    2025 FDD · Item 7 · PDF p. 18

    Noble Locksmith

    $82,200 – $217,600

    2025 FDD · Item 7

    Initial franchise fee · Item 5

    HHO Carbon Clean Franchise System

    $44,900

    2025 FDD · Item 5 · PDF p. 10

    Noble Locksmith

    $34,000

    2025 FDD · Item 5 · PDF p. 10

    Royalty · Item 6

    HHO Carbon Clean Franchise System

    6%/7%/8% or monthly min

    2025 FDD · Item 6 · PDF p. 12

    Noble Locksmith

    7% · Greater of 7% of Gross Sales or minimum weekly royalty requirement; 10% of Gross Sales for Out of Territory Customers

    2025 FDD · Item 6 · PDF p. 11

    Before you compare

    • Both sets of figures come from 2025 FDDs.
    • Noble Locksmith discloses more than one business format, so the investment range spans formats; the full report breaks them out.
    • Only Noble Locksmith has reviewed Item 19 figures here.

    Financial commitment

    Estimated initial investment (Item 7)

    HHO Carbon Clean Franchise System

    $108,380 – $185,330
    Total Estimate - Single Territory
    2025 FDD · Item 7 · PDF p. 18

    Noble Locksmith

    $82,200 – $217,600
    2025 FDD · Item 7
    Standard initial franchise fee (Item 5)

    HHO Carbon Clean Franchise System

    $44,900
    Additional territories receive discounts when purchased at signing, subject to market type, availability, and franchisor discretion.
    2025 FDD · Item 5 · PDF p. 10

    Noble Locksmith

    $34,000
    2025 FDD · Item 5 · PDF p. 10
    Royalty (Item 6)

    HHO Carbon Clean Franchise System

    6%/7%/8% or monthly min
    Royalty
    2025 FDD · Item 6 · PDF p. 12

    Noble Locksmith

    7% · Greater of 7% of Gross Sales or minimum weekly royalty requirement; 10% of Gross Sales for Out of Territory Customers
    Royalty
    2025 FDD · Item 6 · PDF p. 11
    Brand / advertising fund (Item 6)

    HHO Carbon Clean Franchise System

    0% of percentage of gross sales
    Brand Development Fund
    2025 FDD · Item 6 · PDF p. 12

    Noble Locksmith

    1% of percentage of gross sales; currently not assessed
    Brand Development Fund
    2025 FDD · Item 6 · PDF p. 11

    System scale & health

    Total outlets (Item 20)

    HHO Carbon Clean Franchise System

    15
    Outlets at end of 2024
    2025 FDD · Item 20 · PDF p. 43

    Noble Locksmith

    14
    Outlets at end of 2024
    2025 FDD · Item 20 · PDF p. 43
    Net outlet change (Item 20)

    HHO Carbon Clean Franchise System

    +4
    Calculated: 11 at end of 2022 → 15 at end of 2024

    Noble Locksmith

    +10
    Calculated: 4 at end of 2022 → 14 at end of 2024
    Outlet exits (Item 20)

    HHO Carbon Clean Franchise System

    Not available
    No complete exit records for a year

    Noble Locksmith

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

    HHO Carbon Clean Franchise System

    2020
    2025 FDD · Item 1 · PDF p. 8

    Noble Locksmith

    2022
    2025 FDD · Item 1 · PDF p. 8
    Franchisor founded (Item 1)

    HHO Carbon Clean Franchise System

    2020
    2025 FDD · Item 1 · PDF p. 8

    Noble Locksmith

    2021
    2025 FDD · Item 1 · PDF p. 8

    Financial performance (Item 19), by location group

    HHO Carbon Clean Franchise System

    Not disclosed — no Item 19 financial performance representation

    Noble Locksmith
    Locations counted not stated in the reviewed record
    $940,606
    other Gross Sales
    2025 FDD · Item 19 · PDF p. 41

    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.

    HHO Carbon Clean Franchise System vs Noble Locksmith: common questions

    Which costs less to open, HHO Carbon Clean Franchise System or Noble Locksmith?
    HHO Carbon Clean Franchise System: $108,380 – $185,330 (2025 FDD · Item 7 · PDF p. 18); Noble Locksmith: $82,200 – $217,600 (2025 FDD · Item 7). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Noble Locksmith. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
    How do HHO Carbon Clean Franchise System and Noble Locksmith royalties compare?
    HHO Carbon Clean Franchise System: 6%/7%/8% or monthly min (2025 FDD · Item 6 · PDF p. 12); Noble Locksmith: 7% · Greater of 7% of Gross Sales or minimum weekly royalty requirement; 10% of Gross Sales for Out of Territory Customers (2025 FDD · Item 6 · PDF p. 11). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Which has more locations, HHO Carbon Clean Franchise System or Noble Locksmith?
    HHO Carbon Clean Franchise System: 15 (2025 FDD · Item 20 · PDF p. 43); Noble Locksmith: 14 (2025 FDD · Item 20 · PDF p. 43). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do HHO Carbon Clean Franchise System and Noble Locksmith disclose financial performance (Item 19)?
    HHO Carbon Clean Franchise System makes no Item 19 financial performance representation; Noble Locksmith has reviewed Item 19 figures for 1 location group. 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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