LockRite provides locksmith services for commercial and domestic customers
Homecare & Property Maintenance, Security
£ 10,000 Initial Investment
LockRite is part of the Rite Group, and is the largest business in the UK to offer locksmith services. The LockRite franchise covers both commercial and domestic markets, and offers a variety of locksmithing services and products, including security installation, lock fitting and repair, and a range of security services for commercial properties.
With franchises around the country, LockRite offers a 24/7 service conducted by fully qualified, vetted and DBS-checked locksmiths. This has helped LockRite grow into one of the biggest brands in the industry in the UK, and established as a trusted and well-known provider.
LockRite’s franchise headquarters are located in Exeter, in England.
To start a LockRite franchise, you’ll need to invest £29,750. LockRite also recommend that all potential franchisees have three months’ working capital to start with.
LockRite also charges an operational fee of £125 + VAT per month, and charge a royalty fee of 15 per cent of your monthly turnover.
Funding support may be available from third party lenders, including most major high street banks.
LockRite has territories available for a franchise all over the UK, and particularly welcome enquiries from potential franchisees in south-west and central London, Northern Ireland, Canterbury, Dover, Salisbury, York, and a range of other cities listed online.
While many franchisees come from a background in locksmithing and security, it’s not essential to have prior experience, as all training will be provided by LockRite as part of the franchise fee.
It is essential to have ambition and the ability to motivate yourself to succeed, as well as the ability to work as part of a team, as you’ll be representing a national brand.
LockRite is a van-based franchise, which is run completely from your own branded van. This can be a great opportunity for anyone looking for a flexible business opportunity, as it does not require any fixed premises to run the business from.
LockRite provides an extensive training course for all franchisees. This begins with a four-week course in practical locksmith techniques, which covers everything from basic fundamentals such as key cutting, to more advanced, specialist processes. As part of the course, you will also receive additional training from one of its industry partners, Yale, one of the most well known brands in the lock industry.
All training is provided at the LockRite custom-built training centre at the head office location in Exeter. The course includes all theory and practical aspects of the industry, and will enable all franchisees to provide a full range of professional services with confidence.
Guidance and support is provided with professional trainers, who will help you make sure you fully understand every stage of the course.
Following the practical locksmithing training, all franchisees then undergo business coaching, covering administration and marketing. This includes courses in record keeping, health and safety, customer services, work flow management and more, to ensure that franchisees are able to run a successful and thriving business competently.
There is also free additional training in select other services available, such as window boarding, CCTV installation, key-free locking systems and more.
Following training, franchisees then receive an on-site launch programme, with the support of their personal Locksmith trainer from LockRite. There are also continual refresher and upgrade training sessions available for free, to help franchisees stay on top of their game.
LockRite franchisees can find support available through their dedicated call centre, which provides support with practical and business queries. Franchisees can also connect with other neighbouring franchisees in the region and nationally, and exchange support, ideas and advice through their national forum.
After completing your training, you will receive a full set of tools and stock, including everything you need to start offering services. This package includes professional power tools, specialist locksmith equipment, and all other practical materials.
You’ll also need a van to run the business. You do not need to purchase a brand new van, but LockRite can provide you with a range of options to suit your budget. The cost of the van is not included in the franchise fee.
The vast majority of customers for franchisees come from online sources like What Franchise, so LockRite provides a professional website for all franchisees, that is tailored for their specific territory. This includes an online marketing package, which covers promotion through key search engines, pay-per-click advertising, and targeted information to help bring customers through online enquiries.
The brand also provides a targeted marketing campaign for every franchisee, and regularly monitor performance to advise on how your marketing can be improved and taken further.
The franchisee’s van is also an important advertisement to find customers, and all LockRite franchisees have full signage for their vans, with contact information and more.
Starting a LockRite franchise can be an immensely rewarding opportunity for anyone looking to be their own boss, and work in a flexible, varied and challenging environment. As the market leader in this industry across the UK, working with the LockRite brand gives franchisees the assurance of immediately having the trust and confidence of customers.
Existing franchisees have found that the combination of thorough, detailed training and brand reputation helped set them up for success. Although the lengthy training period can seem like a significant commitment, most franchisees have found that they have been able to make a rewarding income from their first week of trading.
To find out more about starting your own LockRite franchise, first complete the online enquiry form for more information. After an initial discussion, you’ll be able to spend a day at the Exeter head office to get a taste of the business, before making a decision.
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