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Lockforce Franchise FAQs
Take a look at some typical questions we are asked about Lockforce franchises - Still have questions? Give us a call! You’re bound to have questions, and lots of them. That’s exactly how it should be, this is probably one of the most important decisions you’ll ever make. By taking a look through the website you’ll find the answers to some of the questions we’re asked most often. If you have any others (no doubt you will) you’ll find that your Discovery Day gives you a great chance to ask those questions. When the time is right, we will be happy to put you in touch with our existing franchisees. They’ll tell you how it is, they’ll tell you what it was like for them and they’ll tell you what you’ll need to do to succeed.
Q: Do I need experience in the locksmith industry?
A: Absolutely not. Our comprehensive training programme gives you all the knowledge and skills you’ll need. Not just about locksmithing, but everything you’ll need to manage and grow your business.
Q: Can I start part - time?
A: It is possible but you won't be able to focus on growing your business. Any new business really needs a full time resource working in it during the critical first 12 months.
Q: How much money will I need to invest in the business?
A: The minimum investment is from £8,500 + VAT.
Q: When can I expect to start earning money?
A: Sales lead can take anything between a few days to a few weeks to produce income, therefore it varies and your business plan will need to reflect this.
Q: What sort of return can I expect to make from my investment?
A: That’s very much up to you. Most franchisees work on excellent margins and at our Discovery Days we will outline these to you. You will have a direct influence on how much your return will be.
Q: What are the ongoing management fees?
A: The management service fees are fixed and start after month 3. Year 1 it’s £125 + VAT per month then incremental increases each year until Year 5 when it fixes.