The Flying Locksmiths

Franchise Information

Analyzed filing: MN · File #1272791401

Filed: Oct 1, 2024

FDD Issued: Sep 9, 2024

Extracted: Aug 1, 2026

Analyzed

Franchisor Details

Name: TFL Franchise Systems, LLC

Address: 859 Willard Street, Suite 100, Quincy, Massachusetts 02169

Phone: (781) 963-5080

Website: http://flyinglocksmiths.com

Franchising Since: 2015

Industry & Qualifications

Industry

Home Services

Veteran Discount

5.0%

Franchise Fee

$75,000 - $300,000

Royalty

8.0%

Ad Fund: 1.0%

Total Investment

$150K - $400K

Initial Term

10 years

Renewable

Outlet Information

Total Outlets (2023)

Franchised

Company-Owned

Opened (Last Year)

Closed (Last Year)

-2

Churn Breakdown (Last Year)

Terminations

Non-Renewals

Ceased Ops

Transfers

Reacquired

Exclusive Territory

Yes

Territory assigned based on population. Minimum territory size is approximately...

Item 19 (Financial Performance)

Disclosed

AUV based on 71 Single Territory franchised outlets that operated the full year...

Financial Performance (Item 19)

Avg Unit Volume (through Dec 2023)

$713,997

Median

$529,721

Top 25% Avg

$1,388,573

Bottom 25% Avg

$233,440

Highest

$2,757,941

Lowest

$46,599

% Achieving Avg

41.0%

Sample Size

71 units

Unit Economics

Gross Margin

47.7%

COGS

52.3%

Legal History

Litigation: Yes

Black 13 Enterprise, Inc. v. TFL Franchise Systems, Inc. - Former franchisee alleges fraudulent misr...

Bankruptcy: None

View filing:

Number	File name	Source State	Filing Date	Actions
1272791401	MN_32369-202409-01_tfl-franchise-systems,-llc.pdf Canonical 2024 analysis · newest filing	MN	Oct 1, 2024	Restricted
575262994	MN_32369-202409-03_tfl-franchise-systems,-llc.pdf Alternate source copy	MN	Oct 1, 2024	Restricted
312948021	MN_31335-202404-06_tfl-franchise-systems,-llc.pdf Alternate source copy	MN	May 31, 2024	Restricted
1345315106	MN_31335-202404-07_tfl-franchise-systems,-llc.pdf Alternate source copy	MN	May 31, 2024	Restricted
182528	436049_Franchise__FlyLock_Security_Solutions_EF_Virginia_182528.pdf Alternate source copy	VA	Apr 19, 2024 FDD issue date	Restricted
188301	436049_Franchise__FlyLock_Security_Solutions_EF_New York_188301.pdf Alternate source copy	NY	Apr 19, 2024 FDD issue date	Restricted
179031	436049_Franchise__FlyLock_Security_Solutions_EF_North Dakota_179031.pdf Alternate source copy	ND	Apr 19, 2024 FDD issue date	Restricted
182236	436049_Franchise__FlyLock_Security_Solutions_EF_Maryland_182236.pdf Alternate source copy	MD	Apr 19, 2024 FDD issue date	Restricted
156143	436049_Franchise__FlyLock_Security_Solutions_EF_New York_156143.pdf Alternate source copy	NY	Apr 19, 2024 FDD issue date	Restricted
162139	436049_Franchise__FlyLock_Security_Solutions_EF_Virginia_162139.pdf Alternate source copy	VA	Apr 19, 2024 FDD issue date	Restricted
106473	436049_Franchise__FlyLock_Security_Solutions_EF_Virginia_106473.pdf Alternate source copy	VA	Mar 15, 2023 FDD issue date	Restricted
106499	436049_Franchise__FlyLock_Security_Solutions_EF_New York_106499.pdf Canonical 2023 analysis	NY	Mar 15, 2023 FDD issue date	Restricted
105354	436049_Franchise__FlyLock_Security_Solutions_EF_North Dakota_105354.pdf Alternate source copy	ND	Mar 15, 2023 FDD issue date	Restricted
109332	436049_Franchise__FlyLock_Security_Solutions_EF_Maryland_109332.pdf Alternate source copy	MD	Mar 15, 2023 FDD issue date	Restricted
54878	436049_Franchise__FlyLock_Security_Solutions_EF_Virginia_54878.pdf Alternate source copy	VA	Mar 15, 2023 FDD issue date	Restricted
56677	436049_Franchise__FlyLock_Security_Solutions_EF_New York_56677.pdf Alternate source copy	NY	Mar 15, 2023 FDD issue date	Restricted
54660	436049_Franchise__FlyLock_Security_Solutions_EF_North Dakota_54660.pdf Alternate source copy	ND	Mar 15, 2023 FDD issue date	Restricted
23565	436049_Franchise__FlyLock_Security_Solutions_EF_North Dakota_23565.pdf Alternate source copy	ND	Mar 15, 2022 FDD issue date	Restricted
13337	436049_Franchise__FlyLock_Security_Solutions_EF_North Dakota_13337.pdf Canonical 2022 analysis · needs review	ND	Mar 15, 2022 FDD issue date	Restricted

Showing 1–19 of 19 files.