Security 101 is a multi-office security company providing engineered, installed, operated, and maintained advanced security systems for commercial clients. The franchise delivers customized security solutions using the latest technology to protect business assets.
Key Insights
- Security 101 was founded with a vision to offer reliable security solutions and has grown through a network of dedicated owner-operators committed to local service excellence, fostering a strong foundation for expansion.
- The business operates by providing integrated electronic security systems including access control, video surveillance, and intrusion detection, delivered through a model focused on customer-specific installations and ongoing support.
- The franchise operates within the security systems industry, a sector characterized by increasing demand for sophisticated technology to protect property and ensure safety for businesses and individuals.
Franchise Fee and Costs to Open
Exploring the financial picture of Security 101 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 $130,100 - $235,000, along with a franchise fee of $59,500 - $59,500.
Financial Performance and Revenue
Yearly gross sales of $1,596,196 and estimated earnings of $223,468 - $287,316 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 1.2-3.2 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
Security 101 provides new franchisees with comprehensive training and resources. Initial training is a two-week program held at Security 101's headquarters. The curriculum covers operational procedures and sales strategies. Franchisees also receive access to marketing materials and ongoing support, enabling them to establish and grow their businesses effectively within the Security 101 network.
Legal Considerations
Legal considerations for a Security 101 franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Franchisees might encounter challenges related to understanding and serving the unique needs of their local market, including the presence of established competitors. The operational complexity of managing diverse security system installations and ongoing maintenance requires a skilled team. Furthermore, dependence on specific equipment manufacturers and their supply chains could impact project timelines and profitability.
Franchise Datasheet
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