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It is the most relevant locksmith brand in the United Kingdom. It offers locksmith products and services such as repair and installation of locks, security adjustments, and more to commercial and national markets. This company usually works full time. It has grown as a franchise through its years of history throughout the United Kingdom.
- Year Business Began: Not provided.
- Franchising Since: Not provided.
- Headquarters: Exeter, England.
- Estimated Number of Units: Not provided.
- Number of Employees: Not provided.
It has become the largest locksmith company in the United Kingdom thanks to the high demand for its services. There are more than 23 million homes and 1.9 million businesses with a high average of locks. It has been characterized by offering 90-day guarantees and services 24 hours a day, seven days a week. The company’s goal is to generate a workflow of £ 1.4 million in national accounts for the franchisee network.
The investment costs depend on various factors such as territory, vehicle, etc.
- Investment of £ 29,750.
- You need extra capital to start (recommended).
- LockRite charges a fee of £ 125 + VAT monthly.
- It charges a 15 percent royalty rate monthly.
Is it safe to invest in LockRite?
It is safe to invest thanks to the training it offers in addition to the materials and equipment it provides. You can even see the reviews of other franchisees on its website.
Training & Support
It offers a 5-week training program to franchisees that include all theoretical and practical fundamentals so that you have a high level of locksmith issues. Also, you will have the support of Yale, LockRite partner, and one of the most influential brands in the locksmith industry. The training is carried out at the company’s headquarters in England. With the preparation and advice of the authorized personnel of the brand, you can establish a franchise and offer professional services.
Subsequently, you will have to take courses in business administration and marketing topics so you can control your business and guide it to success. The company provides a complete package of tools, equipment, and specialized locksmith stock. Also, it gives you an equipped van.
How to Apply for LockRite Franchise ?
If you want to apply, go to https://www.ritefranchise.co.uk/, scroll down the page, and you will find a form to fill out. Subsequently, they will contact you to talk about your interest in working with them.