There are plenty of great security franchises to choose from. In this article, we will take a look at 10 of the best security companies for those who want to be franchise owners.
We will also provide you with important information about each franchise. So, without further ado, let’s get started!
What is a security franchise?
It is a security company owned by a franchisor and operated by a franchisee. The franchisor grants the franchisee the right to use its trademark, trade name, and operational and marketing processes in exchange for a fee.
There are many different types of franchises available, ranging from home security companies to event security providers.
The security industry in 2022
Security solutions will be big business in the coming years. The entire industry is worth an estimated $350 billion and growing. This growth is being driven by a number of factors, including the growing threat of cybercrime, the rise of the gig economy, and the growing popularity of smart home security products.
Why you should consider a security franchise
Using the franchise business model is a great way to get involved in the world of security. Here are five Reasons to Start a Security Business in 2022:
- Fast growing industry. The security industry is growing at an unprecedented rate. This provides many opportunities for security franchisees to grow their businesses.
- Take advantage of a niche market. There are many different types of security franchises. You can focus on a specific niche, such as home security or providing temporary security guard services.
- Proven marketing and operational processes. As a franchisee, you will benefit from the franchisor’s proven business model processes. This will give you an edge in the industry.
- Brand recognition. When you start a security franchise, you can take advantage of the franchisor’s brand recognition that will help you attract customers and grow your business quickly.
- Franchisor support. You will have access to the franchisor’s support system. This includes marketing, operational support and access to the franchisor’s supplier network.
Maximum security franchises
Let’s take a look at the top franchised security business opportunities available to anyone looking to tap into this super profitable industry:
1. Shield Security systems
Shield Security Systems provides services to residential and business customers. It has a franchise fee of only $40,000 and an investment of between $74,275 and $125,550.
You’ll need a net worth of $250,000 and liquid assets of at least $75,000 to qualify. Other fees include a 5% gratuity fee and a 1% national advertising fee.
2. Security Whistle
With a net worth of $100,000, liquid assets of $30,000, and a total investment of $100,400, the Silbar Security franchise is a great choice for those looking to get their feet wet in the security business with an industry leader . Your royalty fee is only 5%.
3. TeamLogic IT
The TeamLogic IT franchise opportunity has a minimum net worth requirement of $300,000 and a liquid cash requirement of up to $78,092.
The total initial investment to open a TeamLogic IT franchise ranges from $110,918 to $142,709. The franchise fee is $40,000 – $45,000.
4. International Patrol Services
To open a Patrol Services International franchise, it would cost you between $109,500 and $233,500.
There is also an initial franchise fee of $39,000 for the first unit and $35,000 for subsequent patrol service units.
5. Security 101
The Security 101 franchise opportunity requires a liquid capital investment of $85,000. The total initial investment required ranges from $130,100 to $235,000. The initial franchise fee is $59,500 and the royalty fee is 4% to 6% of gross turnover.
6. Signal 88 Security
The Signal 88 Security franchise opportunity has an initial investment of between $78,200 and $221,150 and the royalty fee is 4% of gross revenue. There is an initial franchise fee of $70,000 to $150,000 and even more depending on the size of the territory.
The Pop-A-Lock franchise system is a great investment for those with a net worth of $250,000 or more. With an initial investment starting at $85,000 and a franchise fee of just $29,000, this is a great opportunity for those looking to get their feet wet in the world of security.
8. The Flying Locksmiths
Flying Locksmiths Franchise Opportunity is a long standing business that has been in business for over 70 years. The minimum franchise fee is $75,000 for a territory of 500,000 people and the total investment is between $163,000 and $263,000.
9. Safe surveillance
The Surveillance Secure franchise opportunity has an initial investment range of $135-243,000, with a net worth requirement of $150,000 and liquid capital of $60,000. Franchisees can expect to pay a franchise fee of at least $45,000.
10. Computer problem solvers
Computer Troubleshooters provides cybersecurity services and has a franchise fee of $21,500. With a liquid capital requirement of $7,000 and a net worth requirement of $20,000, the investment for this franchise ranges from $28,800 to $81,500.
How to choose the best franchise to provide professional security services
If you are considering becoming a franchise owner, you may be wondering how to choose the best franchise to provide security services.
Here are four ways for prospective franchise owners to select the right franchise for them:
Do your research.
Make sure you understand the franchise model and what it takes to be a successful franchise owner. Talk to other franchise owners and get their input.
Consider your market.
Choose a franchise that offers services in an area where you believe there is demand.
Review the franchise agreement.
Make sure you understand the terms of the agreement and what kind of commitment you are making.
Talk to the franchisor.
Ask about their experience in the industry and what kind of support they offer to franchisees. Get a sense of their vision for the future of the franchise and if it aligns with yours.
How much does it cost to open a security franchise?
The cost to open your own security franchise will vary depending on the franchisor, the size of the franchise, your location, and the franchise fee.
However, you can expect to invest anywhere from $74,000 to several hundred thousand dollars to get started.
Are Security Franchises Profitable?
Yes, this business opportunity can be very profitable. For example, a security company can earn approximately $50,000 per year per security guard.
Of course, it will vary depending on the size of the business, the type of business, the location, etc.
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