Noble Locksmith provides automotive, residential, and commercial locksmith services. The franchise specializes in key replacement, access control devices, and emergency services for a range of clients.
Key Insights
- Noble Locksmith began with a strategic focus on creating sustainable business practices that benefit all stakeholders, including customers, franchisees, and communities, while establishing systems that support long-term growth and operational excellence across multiple markets.
- Quality control systems ensure consistent results across all projects while adapting to unique specifications and client expectations, utilizing proven procedures and regular assessments that maintain high standards while accommodating individual needs and preferences.
- Market education efforts help consumers understand the value of professional versus amateur service providers, creating opportunities for qualified businesses to demonstrate expertise and build customer relationships through superior service quality and reliable performance.
Franchise Fee and Costs to Open
Exploring the financial picture of Noble Locksmith gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $82,200 - $187,600, along with a franchise fee of $34,000 - $34,000.
Financial Performance and Revenue
Yearly gross sales of $186,247 and estimated earnings of $18,625 - $22,350 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 7.1-9.1 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Noble Locksmith provides comprehensive training. Initial training is a four-week program conducted at the Noble Locksmith corporate headquarters. This intensive course covers business operations, marketing strategies, and technical locksmithing skills. The franchisor also offers ongoing support and access to a wealth of resources designed to foster success.
Legal Considerations
Legal considerations for a Noble Locksmith franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
A franchisee may encounter challenges in understanding the local competitive landscape, identifying areas where locksmith services are in demand. Managing the day-to-day operations, from scheduling to inventory, requires consistent attention to detail. Furthermore, maintaining a reliable supply of specific lock and key components is essential for fulfilling customer needs efficiently.
Franchise Datasheet
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