When a person locks themselves out of their home or business, panic may set in. They need the situation resolved as quickly as possible. They require the services of a reputable locksmith.
If you enjoy helping people out of emergency situations, then locksmithery could offer the franchise opportunity you've been waiting for. If you're trustworthy, enthusiastic, and dependable, check out our full range of locksmith franchises.
Locksmithery is one of the great, noble trades, but it's also probably one of our most under-appreciated emergency services. Of course, not every job will involve helping people who are locked out of their homes, but one thing is for sure: people will always need help with their locks and their home security.
This makes the locksmith trade an essential, premium service.
Why Locksmith Franchises Are Lucrative
A locksmith is a skilled professional; trained to deliver a consistent and practised service. They support the consumer market and building contractors alike while offering 24-hour emergency services to people who need help getting in (or out) of their premises.
The London Fire Brigade gets called out up to 16 times a day to help people locked out of their homes, businesses, vehicles, or lock-ups. However, over half of these calls are referred to locksmiths in the local area.
If you’re looking for a flexible and enjoyable career, helping people when they’re at their most vulnerable, check out our locksmith franchises and get on the road to rescue.
The Truth About Franchising
Launching a locksmith franchise can be a relatively hassle-free endeavour. It doesn't have much overhead and can be operated on a part-time basis. You can even run the business from home. As a locksmith franchisee, you can work for yourself and make your dreams come true.
Franchising provides a profitable gateway to businesses that have proven and secure financial histories. Associating yourself with trusted brands and an existing client base is one of the best ways to get started in the locksmithery business.
The franchise industry is continuously growing in the UK, weathering the storm during uncertain economic periods; prospering where independent companies are struggling to survive.
Franchising helps reduce the risks associated with start-up businesses. By taking on a franchise, you're inheriting trusted branding and a hard-earned reputation.
Understanding Locksmith Franchises
Locksmithery provides a varied platform for career satisfaction. A locksmith works with bolts, latches, and locks for doors, windows, safes, and vehicles, ensuring the security of property across the country.
Every home or business premises has its security needs, so a good locksmith will always be in constant demand.
A locksmith installs, adjusts, and repairs locks for home- and business owners. They help people maintain safe access to their homes, while advising and assisting customers who wish to improve the security of their property.
Part of the job is the making and duplicating of keys and locksets for buildings. Some locksmiths are also able to pick locks and specialise in making compromised buildings safe.
Setting a business takes quite a bit of determination. Without the ongoing support of a diligent franchisor, you need to be skilled in all the aspects of running a business. It requires a logical plan, dedication to your entrepreneurial goals, hard work, and an ongoing stream of capital.
Additional Tasks Required for a Locksmith Franchise
It also often requires more time beyond what a regular 9 to 5 job does. Since people need a locksmith at odd hours, you will likely be on-call much of the time initially. Unless you outsource some of the typical tasks that running a company consists of, you will have to do them yourself.
Among others, you will have to be skilled at or learn how to handle the following:
- Bookkeeping and Accounting
- Marketing and Advertising
- Safety
- Taxes and Payroll
Since hiring outside contractors for day-to-day business duties reduces the company's profitability, franchising is often the better option. With franchising, some of these aspects are managed for you. The franchisor may provide training for the others.
When a residential or business owner chooses a locksmith service, they generally pick the most visible and readily available. A prominent marketing strategy is the key to rising above the competition.
Setting Up a Locksmith Franchise
Although some businesses depend on word-of-mouth recommendations to promote their company, locksmiths are often retained during an emergency. They look for a recognised name from an established parent company. Since the franchisor manages the marketing, it is instrumental in growing the new business quickly and ensuring that you are the one people call when they need a locksmith.
When starting an independently owned sole-proprietorship, you would need to fund and create all of the advertising. You would start from scratch.
With a marketing strategy designed by the franchisor, your potential clients will view your locksmith service as an efficient and safe option based on their reputation.
Franchising Vs Independent
Independent businesses often find themselves in constant financial risk. The first two years of business, especially, are loaded with economic instability, threatening the future of the company.
In fact, over half of independent start-ups in the UK fail within their first two years while they struggle to gain traction and build a reputation.
Franchising provides stability to new businesses, especially during the early years.
Adopting recognisable branding and inheriting a reputation for quality and reliability are worth their weight in gold for anyone considering starting up a new business.
Purchasing Locksmith Franchises
People buy into locksmith franchises for various reasons. Although they are a safer option, franchises are independently-owned businesses. With a recognisable brand name and logo, as well as other support materials, you can focus your efforts on the day-to-day aspects of running the business. If you are excited about owning your own business and like the idaea of helping people in their time of need, franchising might be right for you.
Our opportunities represent a range of some of the most potentially lucrative and on-trend locksmith franchises available. Browse our variety of locksmith franchise listings today and go into business for yourself - right now.