• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Menu
  • Home
  • About
    • About Franchise Chatter
    • Contact
    • Privacy Policy
    • Terms of Service
    • Affiliate Disclosures
  • Subscribers Hub
    • Login
    • New to Franchise Chatter? Start Here
    • America’s Most Lucrative Franchises
    • Franchises Ranked by Average Revenues
    • Franchises Ranked by Average Profits
    • Franchise Winners, Survivors and Losers Last Year
    • FDD Talk
    • Search by Name
  • Top Franchises
  • Franchise Earnings
  • Costs
  • Fees
  • Quiz
  • Search

Pop-A-Lock’s Initial Franchise Fee, Royalty Fee + 8 Other Fees

Last updated on January 29, 2022 by Franchise Chatter Leave a Comment
in Franchise Fees, Locksmith Franchise



Learn Which Franchises Can Make You Rich

Detailed Information on Pop-A-Lock’s Initial Franchise Fee, Royalty Fee + 8 Other Fees (Items 5 and 6, 2021 FDD)

1.  Initial Franchise Fee:  $15,500

  • The initial franchise fee is $15,500, and not refundable, for an exclusive territory population of 125,000.
  • The franchise area population is determined by current statistical data as published and amended by the U. S. Census Bureau.
  • The initial franchise fee is payable in one lump sum concurrent with the signing of your Franchise Agreement.

2.  Royalty:  7% of total Gross Sales

  • Due Date:  Payable monthly on the last day of the next month.
  • In addition to the initial franchise fee, you must pay to Pop-A-Lock during the term of the Franchise Agreement and any extension thereof, a continuing royalty equal to 7% of monthly Gross Sales.
  • If the royalty payment is not received by Pop-A-Lock within 5 days after it is due, a service charge will be assessed equal to the lesser of 18% of the amount overdue, or the highest rate permitted by applicable law.
  • Payments must be mailed via first class mail, postage prepaid, and properly addressed to Pop-A-Lock.
  • There will be a minimum monthly recurring royalty fee of $1,000 for a franchise area as described in the Franchise Agreement, not opened in 12 months of signing the Agreement.
  • “Gross Sales” shall mean the aggregate gross amount of all revenues from whatever source, including cash, credit, agreements to pay, or other consideration (whether or not payment is received at the time of the sale) derived by you from operation of the Franchised Business, or from the sale of any services or products associated with the use of the Licensed Marks, excluding sales or other tax receipts, the collection of which is required by law.

3.  Advertising and Marketing:  1% of total Gross Sales


🎯Find Good Franchises That Are Still AVAILABLE in Your Target Area (Free Tool)



🚀How to Find, Vet & FUND a Good Franchise. Watch Our Webinar Live or the Recording Later (Register Now – It's Free)



💰How Much Franchise Can You AFFORD? Use Our Free Financial Calculator


  • Due Date:  Same as Royalty.
  • You and all other franchisees must pay to Pop-A-Lock a continuing Advertising and Marketing fee (the “Advertising Fee”) equal to 1% of Gross Sales.
  • All Advertising Fund contributions shall be used exclusively for advertising, marketing, public relations, and business development purposes for the collective benefit of all members of the Franchise System.
  • Pop-A-Lock may expend a portion of the Advertising Fund contributions to reimburse its operating expenses reasonably allocable to the administration of the Advertising Fund, subject to a maximum of 20% of the Fund per year.

4.  Local Advertising:  $15,000 during first year

  • Due Date:  First year of operation.
  • During the first 12 months of operation of your Franchised Business, you must spend $15,000 on continuing local advertising usually beginning 6 months after opening.
  • Not per Franchised Business. For 4 franchises you would spend between $16,000 and $50,000 on local advertising.

5.  Online, Digital, and Directory Advertising:  variable

  • Due Date:  Per agreement with Directory Publisher.
  • You may, depending on costs and exposure, set up a free and/or purchase a display-type advertisement for publication in the online directory(ies). You will place a listing of your Franchised Business on Google and other specified online directories, as designated by Pop-A-Lock.
  • The online directories in which the advertisement and listing are placed must include coverage of your franchise area.
  • The cost of the advertisement will vary according to various factors including the size of the advertisement and the size and coverage area of the directory.

6.  Training:  $800 per Technical Trainee and $2,100 per Locksmith Trainee

  • Due Date:  1 week before the beginning of training.
  • Technical Trainee: You and all of your employees who have signed the nondisclosure and non-competition agreements prescribed by the Franchise Agreement shall be eligible to participate in Pop-A-Lock’s technical training program (the “Pop-A-Lock Training Program”).
  • The Pop-A-Lock Training Program consists of a minimum of 5 days at 8 hours per day and includes instruction in (i) the techniques and methods established or adopted by Pop-A-Lock to unlock car doors, (ii) the proper use of opening tools prescribed for use by Pop-A-Lock, and (iii) procedures for performing emergency roadside assistance.
  • Each of your employees who will perform car door unlocking services must successfully complete the Pop-A-Lock Training Program for the unlocking services they will perform in accordance with Pop-A-Lock’s standards.
  • You must pay Pop-A-Lock a fee of $800 for each trainee who attends the Pop-A-Lock Training Program. You must bear the travel, food, and lodging expenses associated with this technical training.
  • In the event the training is conducted at your business location, or at a location other than Pop-A-Lock’s training facility, you shall reimburse Pop-A-Lock for all transportation, meals, and lodging expenses incurred by it in connection with such training.
  • Locksmith Trainee: In addition, you must either hire one or more individuals to be trained by Pop-A-Lock or in some cases contract with individuals who have demonstrated skill in locksmith techniques. The cost for this category of locksmith training is $2,100 per trainee.
  • Locksmith training program length varies with (i) current level of experience of trainee, (ii) aptitude of trainee, and (iii) specific level of training targeted.

7.  Transfer:  $8,000

  • Due Date:  Before consummation of transfer.
  • In the event you wish to transfer or assign the Franchise Agreement (which Pop-A-Lock must approve and which gives rise to a right of first refusal), you must pay to Pop-A-Lock a transfer fee in the amount of $8,000 to cover its investigation, administrative, accounting, and related costs and expenses in connection with any such assignment.
  • This fee must be received by Pop-A-Lock before the effective date of the sale or assignment.

8.  Audit:  $5,000 to $9,000

America's Most Lucrative Franchises of the Year
  • Due Date:  Upon receipt of billing.
  • Pop-A-Lock has the right, without prior notice to you, to examine and audit your books of account, records, cash receipts, invoices, and other data pertinent to the Franchised Business so that it can ascertain the Gross Sales of your franchise. If the audit shows that there is a deficiency in payment of any percentage royalty, the deficiency shall be immediately due and payable.
  • The cost of the audit shall be paid by Pop-A-Lock unless the audit shows that you understated Gross Sales by more than 2.0%, in which case you shall pay all Pop-A-Lock’s costs of the audit.
  • The exact cost of an audit is not possible to estimate with certainty and depends upon a variety of factors.
  • You will be required to pay any such deficiency with interest at the rate of 18% or the highest rate permitted by applicable law, whichever is less, from the date of underpayment.

9.  Interest on Delinquent Sums:  1% per annum or the highest rate allowed by law, whichever is less

  • Due Date:  Upon receipt of billing.
  • You must pay interest on any delinquent sums.
  • Owed to Pop-A-Lock.

10.  Locksmith License Fees:  varies by State

  • Due Date:  Upon filing of license application.
  • Some States require locksmiths to obtain a license to perform locksmith services, including car door unlocking services. Some States may also require an additional license for providing security services.

🎯Find Good Franchises That Are Still AVAILABLE in Your Target Area (Free Tool)



🚀How to Find, Vet & FUND a Good Franchise. Watch Our Webinar Live or the Recording Later (Register Now – It's Free)



💰How Much Franchise Can You AFFORD? Use Our Free Financial Calculator



Franchises Ranked by Average Revenues and Profits



Franchise Winners and Losers Last Year

Tagged as: Pop-A-Lock

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous post: FDD Talk: How Much Does a Club Z! In-Home Tutoring Services Franchise Make (Average Revenues and/or Profits)?

Next post: Tint World's Initial Franchise Fee, Royalty Fee + Other Fees

Primary Sidebar

⚠️Buying a Franchise on Your Own Can Be Overwhelming

✅ Get the guidance and support you need every step of the way (including funding 💵) from an experienced franchise broker at no cost to you.

✅ Fill out this form and a specialist from the Franchise Brokers Association will reach out to you.

🚀How to Find, Vet and FUND a Good Franchise (Webinar)

✅ Is Franchising a Path for You? – Jun. 2 (Fri.), 11 a.m. EST

✅ Essential Services – Great for Good Times and Bad – Jun. 6 (Tues.), 4 p.m. EST

✅ Register Now to Get Free Access to Recordings of Both Webinars

Register Now

⭐️Franchise Chatter is reader-supported. We may receive a commission for leads generated from our site.

As seen in:  New York Times, Bloomberg Businessweek, and CNBC

Login

Remember Me
Register | Lost your Password?
Reminder: Your username and password are case-sensitive.

Need help? Email franchisechatterblog@gmail.com

👍”Your website and you have been instrumental in finding this franchise opportunity and I am overwhelmingly grateful.” (David F., subscriber)

🏆 Best Franchises by Industry

Best Franchises by Industry (All Lists)

Best Gym and Fitness Franchises

Best Pizza Franchises

Best Sandwich Franchises

Best Childcare Franchises

Best Ice Cream Franchises

Best Coffee Franchises

Best Hamburger Franchises

Best Salon and Beauty Franchises

Best Chicken Franchises

Best Smoothie and Juice Franchises

Best Maid Service Franchises

Best Mexican Restaurant Franchises

Best Massage Service Franchises

Best Tutoring Franchises

Best Auto Repair Franchises

Best Auto Oil Change Franchises

Best Asian Restaurant Franchises

Best Pet Franchises

Best Commercial Cleaning Franchises

Best Sports Bar Franchises

Best Baked Goods Franchises

Best Moving/Junk Removal Franchises

Best Mailbox Franchises

Best Apparel Retail Franchises

Best Senior Care Franchises

Best Restoration Franchises

Best Tech Franchises

Best Travel Agency Franchises

Best Trampoline Park Franchises

Best Tools Distribution Franchises

Best Property Management Franchises

Best Real Estate Franchises

Best Automotive Wheels and Tires Franchises

Best Weight Loss Franchises

Best Flooring Franchises

Best Eye Care Franchises

Best Physical Therapy Franchises

Best Acai Bowl Franchises

Best Poké Bowl Franchises

Best Donut Franchises

Best Kitchen and Bath Remodeling Franchises

Best Window Coverings Franchises

Best Plumbing Franchises

Best Home Inspection Franchises

Best Garage Franchises

Best Barbershop Franchises

Best Laundromat Franchises

Best Storage Unit Franchises

Best Car Wash Service Franchises

🚀 Daily FDD Talk Posts

TruBlue Total House Care Franchise

House Doctors Franchise

Rubbish Works Franchise

Mr. Rooter Franchise

Planet Smoothie Franchise

Soccer Stars Franchise

Express Employment Professionals Franchise

beem Light Sauna Franchise

The Lash Lounge Franchise

ARCpoint Labs Franchise

Hawaii Fluid Art Franchise

Snapology Franchise

Spherion Staffing Franchise

Aussie Pet Mobile Franchise

Perspire Sauna Studio Franchise

Code Ninjas Franchise

Merry Maids Franchise

Mighty Dog Roofing Franchise

Mister Sparky Franchise

City Wide Franchise

Maid Right Franchise

Benjamin Franklin Plumbing Franchise

America’s Swimming Pool Company Franchise

Gatsby Glass Franchise

ISI Elite Training Franchise

Blue Moon Estate Sales Franchise

Asurion Tech Repair & Solutions Franchise

Window Hero Franchise

Building Kidz School Franchise

Mint Condition Franchise

Caribou Coffee Franchise

Closets by Design Franchise

Fundraising University Franchise

Mr. Appliance Franchise

Strickland Brothers 10 Minute Oil Change Franchise

Showhomes Franchise

Grand Welcome Franchise

Nutty Scientists Franchise

1-800 Water Damage Franchise

Precision Door Service Franchise

TeamLogic IT Franchise

Lifetime Green Coatings Franchise

Alloy Franchise

British Swim School Franchise

Wallaby Windows Franchise

United Water Restoration Group Franchise

Hallmark Homecare Franchise

Commercial Investors Group Franchise

Sharkey’s Cuts for Kids Franchise

Techy Franchise

Franchise Chatter © 2023