Do you want to start a home security business by buying a franchise? If YES, here are 8 best home security franchise opportunities for sale and their cost. The private security industry is a fast – growing industry. At present, there are about 2 million full – time security workers in the United States of America and this number is expected to grow by an estimate of 21 percent by 2022.
The worldwide private security services industry was approximately 96 billion U.S. dollars in size in 2013 and statistics has it that the largest share of this market was held by Europe, at almost 30 percent, then followed by Asia (with the exception of Japan) and North America.
The income of the private security services industry was set to reach an estimate of 25 billion U.S. dollars in the United States in 2014. Security alarm services alone in the United States of America generated a whooping sum of 17 billion U.S. dollars per year between 2008 and 2014.
It is on record that in 2013, the money generated by the global security technology and related services market rose to just over 67 billion U.S. dollars, and it was projected to reach an estimate of 86 billion by the year 2016. Statistics also has it that the global spending on ICT related security services was set to reach approximately 50 billion U.S. dollars in 2015.
Aside from the fact that this is a money – spinning industry, it is important to point out that home security business is one the businesses that can’t go out of fashion because of the role it plays in our world. Depending on the scale you want to start, you can either start from the scratch or buy the franchise of an existing home security company.
The bottom line is that opting for a franchise model when starting a business in the United States of America is one sure way to go especially if you are an aspiring entrepreneur or investor who wants to avoid the teething process associated with startups.
So, if you want to buy a franchise, in no particular order, here are the best home security franchises to buy in the United States of America.
8 Best Home Security Franchise Opportunities for Sale and Their Cost
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Pop-A-Lock Franchise System
Pop-A-Lock got started in 1991 by law enforcement agents in Lafayette, Louisiana. Pop-A-Lock franchisees offer commercial, automotive and residential locksmithing, including integrated high-tech security devices and electronic access systems.
Pop-A-Lock Franchise System has been franchising since 1994, about 25 years ago and they have their corporate head office at 1018 Harding St. Lafayette, LA 70503. The current CEO of the company is Don Marks and SystemForward America Inc. is the Parent Company.
Pop-A-Lock Franchise System offers in-house financing to cover equipment, inventory, accounts receivable, payroll and they also have relationships with third-party sources which offer financing to cover franchise fee, startup costs, equipment, inventory, accounts receivable, and payroll et al.
Pop-A-Lock Franchise System is seeking new franchise units throughout the United States of America and also from Asia, Australia/New Zealand, Canada, Central America, Eastern Europe, Middle East, Mexico, Philippines, South America, Western Europe
Financial Requirements
- Initial Investment – $96,904 – $130,313
- Net-worth Requirement – $250,000 – $500,000
- Liquid Cash Requirement – $30,000 – $100,000
- Initial Franchise Fee – $15,500 – $15,500
- Ongoing Royalty Fee – 7%
- Ad Royalty Fee – 1%
- Veteran Incentives – 10% off franchise fee; special training program for veteran employees
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Signal 88 Security
Signal 88 Security is a standard private security guard and patrol services company that works with homes and estates.
Former law-enforcement professionals founded Signal 88 Security in 2003, in Omaha, Nebraska, where “signal 88” is the police code for “situation secure.” In 2008, Reed Nyffeler began franchising Signal 88. Franchisees offer patrol, guard and virtual monitoring services and have access to proprietary software.
Signal 88 Security started franchising in 2008, about 11 years ago and they have their corporate head office at 3880 S. 149th St., #102 Omaha, NB 68144 and the current CEO of the company is Reed Nyffeler.
Signal 88 Security offers in-house financing to cover franchise fee, accounts receivable, payroll and also they have relationships with third-party sources which offer financing to cover franchise fee, startup costs, equipment, and inventory amongst others.
Signal 88 Security is seeking new franchise units from all across the United States of America and from all across the world.
Financial Requirements
- Initial Investment – $46,950 – $218,650
- Initial Franchise Fee – $40,000 – $150,000
- Ongoing Royalty Fee – 4%
- Ad Royalty Fee – 5%
- Veteran Incentives – 10% off franchise fee
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The Flying Locksmiths
The Flying Locksmiths is one of the leading security companies that offer locksmith and security services and products in the United States of America. The company was founded in 1984 and they started franchising in 2015, about 4 years ago.
The Flying Locksmiths has her corporate head office at 100 Grossman Dr., #305 Braintree, MA 02184 and the current CEO of the company is Barry L. McMenimon and the Parent Company is TFL Franchise Systems LLC.
The Flying Locksmiths has relationships with third-party sources which offer financing to cover franchise fee, startup costs, equipment, inventory, accounts receivable, payroll, et al. The Flying Locksmiths is seeking new franchise units throughout the United States of America.
Financial Requirements
- Initial Investment – $121,596 – $366,396
- Net-worth Requirement – $250,000
- Liquid Cash Requirement – $90,000
- Initial Franchise Fee – $15,000 – $240,000
- Ongoing Royalty Fee – 8%
- Veteran Incentives – 5% off franchise fee
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Security 101
Security 101 is a leading commercial security systems company in the United States of America and the company was founded in 2003. They started franchising since 2007, about 12 years ago. Security 101 has her corporate head office at 1450 Centrepark Blvd., #210 West Palm Beach, FL 33401 and the current CEO of the company is Steve Crespo and the Parent Company is Security Franchisors LLC.
Security 101 has relationships with third-party sources which offer financing to cover franchise fee, startup costs, equipment, inventory, accounts receivable, and payroll amongst others. The company is seeking new franchise units throughout the United States of America.
Financial Requirements
- Initial Investment – $119,750 – $223,500
- Net-worth Requirement – $500,000
- Liquid Cash Requirement – $75,000
- Initial Franchise Fee – $49,500 – $49,500
- Ongoing Royalty Fee – 6 to 4%
- Ad Royalty Fee – 0.5%
- Veteran Incentives – 10% off franchise fee
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Mr. Rekey Locksmith
Mr. Rekey Locksmith is one of the leading commercial and residential locksmithing services company in the United States of America.
Mr. Rekey Locksmith was founded in 1995 and they started franchising in 2012, about 7 years ago. They have their corporate head office at 1421 Wells Branch Pkwy., Bldg. 1, #104 Pflugerville, TX 78660 and the current CEO of the organization is Kenneth Jennings.
Mr. Rekey Locksmith offers in-house financing to cover franchise fee, equipment, and inventory et al. They are seeking new franchise units throughout the United States of America.
Financial Requirements
- Initial Investment – $33,000 – $80,800
- Liquid Cash Requirement – $50,000
- Initial Franchise Fee – $10,000 – $30,000
- Ongoing Royalty Fee – 7.5%
- Ad Royalty Fee – 2%
- Veteran Incentives – 20% off franchise fee
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Specialized Risk
Specialized Risk is one of the leading security consulting and private investigation services companies in the United States of America that was founded in 1996. The company started franchising in 2015, about 4 years ago. Specialized Risk has her corporate head office at 205 Parkhurst Ln. Allen, TX 75013 and the current CEO of the company is Steven Haynes and the Parent Company is Steven Haynes Consulting LLC.
Specialized Risk offers in-house financing to cover only franchise fee and also the company has relationships with third-party sources which offer financing to cover franchise fee, startup costs, equipment, accounts receivable, and payroll amongst others.
Specialized Risk is seeking new franchise units throughout the United States of America and in Asia, Australia/New Zealand, Canada, Eastern Europe, Middle East, Mexico, and Western Europe.
Financial Requirements
- Initial Investment – $65,650 – $143,125
- Net-worth Requirement – $75,000
- Liquid Cash Requirement – $50,000
- Initial Franchise Fee – $46,500 – $75,500
- Ongoing Royalty Fee – 7%
- Ad Royalty Fee – to 1%
- Veteran Incentives – 20% off franchise fee
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Silbar Security
Silbar Security company is one of the leading security guard, vehicle patrol and event staffing companies in the United States of America.
Silbar Security was founded in 2008 and they started franchising in 2015, about 4 years ago. They have their corporate head office at 1508 Technology Dr., #101 Chesapeake, VA 23320 and the current CEO of the company is Brandon Dean.
Silbar Security has relationships with third-party sources which offer financing to cover franchise fee, startup costs, equipment, inventory, accounts receivable, and payroll et al. They are seeking new franchise units throughout the United States of America.
Financial Requirements
- Initial Investment – $47,450 – $83,600
- Net-worth Requirement – $100,000
- Liquid Cash Requirement – $30,000
- Initial Franchise Fee – $20,000 – $20,000
- Ongoing Royalty Fee – 5%
- Ad Royalty Fee – 1%
- Veteran Incentives – 10% off franchise fee
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iMotion Security
iMotion Security is a Canadian security company that is sourcing for interested investors in the United States of America to buy their franchise and establish the business in different cities in the United States of America. There is an ever-growing need in the security field all over the planet. Take advantage of this opportunity by opening your own iMotion Security franchise.
The company is looking for people with the same qualities they base their company values around. These are people with determination, honesty, enthusiasm and a winning attitude. The reason why iMotion Security is so clear on this is because they believe this is how a company should be run.