Security101 **********
*** ******* *** ************ setup ** ***** * franchise-based ********, **** *** required ********* *** ************ filings ** ** ** being ********* ** ******** 2007. *** ***** ******** did $** ** ****, and *** ************ *** grown ** ** ********* by *** *** ** 2016, **** ******** ******* in ****** ** $****.
[**** ** ****** *********]
*** ******* **** *** research **** ******** *********** showed **** *** ********** were *** ******* ******* of ****** ***** ********** businesses. **** *********, ******* with *** ******* **** of ********* ************* ** the ******** ********, *** him ** ****** **** model.
****** *** ********** ***, *** sold, * ******** *********** business, ****** *** * background ** *** ******** industry, *** *** ****** that ** ***** ***** others ** ** ********** running ********** **********.
Franchise ********
******* *** ******* * Security101 ********* ******* ** starting ** *********** ********, according ** *** ***, include:
- ************ ****** *****
- **-***** ******** ** ****-******/********** best *********
- ***** ***********
- ******* ** ******* ****** customers ** ********** ***** franchise *********
- ********** ********** ******** ******** customized *** ******* ** integrator ********
- ******* ** ******* ******** from *********** ** ******* elements ** ******* ** integration ********
- ********* ********* ***** *********** locations
*********** *********** ** ******* a 3-week **-******** *******, ***** covers *********** ******, *** **** key ***** ** ******* a ********. **** ** a ***** ******* *****, as **** ** ***** franchisees **** *** ********* or *********** **********, *** have *** *** ** entire ******** *** *** not ******** **** *** that ******* (*** *******, payroll, ***.).
Ideal **********
*********** ******* ** **** a *********** ******** **** to **** "******** ***** of ********** ** *** security ********" **** "* proven ***** ****** ** success." ***** ************ *** almost ************* *****, ** Security101 *** ***** **** their ********** ********* ** not *********** **** ******** things ** ****** ***** the ********, ***** **** industry **********.
** *** ******* **** of *** *********, **** did ******** *********** **** did *** **** ******** industry **********, *** ***** these ********* ****** ** struggle ****, *** *** only *** ****** ********* were **** ******* ** people ******* ******** **********.
Costs *** ***********
*********** ******* * $**,*** up-front ********* ***, **** claim **** ** *** make ******** ** **** fee, ** ** ****** goes **** ******** *****, legal ****, *** ***** items ********** **** ******* the ***** ** *** location ** *** *******. This *** ****** ******** for ** ** * people.
** ******** ** *** franchise ***, ****** **** typically **** ** ****** another $***,*** **** *** course ** *** ***** 1-2 ***** ** ***** lease ** ****** *****, tools/trucks, ******* *********, ******* and ***** ******** *****. Security *** **** *** provide *** ********* ******** to ***********, **** ***** must ****** **** *** capital *******, ** ** able ** ******* *** sufficient ******** *****.
* ******* ** *-*% is ********* ** ***** billings **** *** ********. There ** ** ******* royalty *** *** *** first ****, *** * minimum ** $*,***-$,******. (********* on ******/********) ** *** starting ** *** **** month ** ********* ** the ******* **** ***** billings ***** **** *** meet ***** ********. *** CEO *** *** **** have ***** *** ** enforce *** ******* ******* payment, ********* **** ********* been ***** ********** ******** to **** ******* ************ within *** ***** ****.
** ******** ** *** royalty ***, *********** **** also *** * $*** monthly *** *** *** business ********** ******** **** is ******** ** ** used ** *** *********.
*********** ******** *** ***** to ******* * .*% marketing *** *********** ***, which **** *** *** currently **********, ******* ********** are ******** ** ***** 2% ** ***** ***** billings ** ***** ***********/********* for ***** ********.
** ****** ******* *** of **% ** *** initial ********* *** ** required *** **** ********** year ** ********* ** the ********.
Products *******
*** ********* ******** *** the **** ** ***********'* offerings:
- ****
- *******
- ***/**** *****
- *********/***
- **** ******** ********
**** ******** ** ******** to ***** ***** ********, and **** ** ****** with *** ******** ************ requirements ** ******** **************. Franchises *** **** ***** additional ********, ************ ** they **** ** ***** a ******* **** ** order ** ******* **** aggressively ** ***** *******.
Pricing ** ********/********
*********** *** **** ** set ***** *** ******* for ******** *** ********, within ****** (*** *** said *** **** ** to "** **** ** pricing"). ***** ******* ***** to ** **** ******** than ******* *******, ********* to *** ***.
Limited ******** ********* ****
*** ******** ******** *** relatively *** ************* *** individuals ********** ** * franchise ********. ********, ***** ******* ** alarm **********, *** ** one ** *** **** well *****.******** *** ****** ** **** ***** ********** ******* on ***** ********. ****** ******** *******, *********** ** *********** security ******* *** **********.
***** ********** **** ******* startup ***** *** ********* fees ** ******** ** Security101.
Franchise ** *********** ********
** *** *** ******* to *** **** *** integration ********, ********* ************* under **** *** ***** would ****** ******* **** flexibility, **** ** ***** of ******** *******, *** how *** **** ***** would ** ********. *** example, *** ***** ******* out ** **** **** and ****** *** *** of ********* ******** ********* until you *********** * ****** business. ***** ***** **** be ** ******* ******* payments ***, ******* ** standard ******** ********, ***** would ** ******* ********** in ****** ********.
******* * ********* **** limits ******* **** ** comes ** ******* *** business, ***** ********* *** transfer ***** *********** ********* to *** ******, **** would ********* ** ********** from ******* ***** ******** to * ********* ********** (ex: **********, *** *** ****** multiple *********** ***********), **** *********** ***** also **** *** ****** of ******** *** ********* of *** ******** (******, to ** ****, ** the *********** ***** ******* well *****, ** ***** act ** ******* *** value).
*********** **** ********* *********** to **** ********* ********* within ***** ********** *********, and *** ******* ***** accounts **** **** **** to ** "******** ********" to ** *********** ** the **** ******** *** servicing. *********** ************ ********* have ** **** ************, and *** ********* ******* landing * ***** ******* ** a *** ** **** their ******** *** ****** into *** ***********, ***** could *** ** **** as * **********.
** ***** ** ********, individuals **** * ******** background ** ****** ***** than ***********'* ****** *********** might **** **** **** a ******* ******** ***** with *** ********* ******, or *** ****** ** fully ******* ******** ********** and ******** ** ************* to ***** **** *********.
****
Comments (4)
Undisclosed Manufacturer #1
I would have to move out of my home area to do something like this which I'm not inclined to do. Otherwise, I would strongly consider franchising a security 101 location. I think there are lots of markets across the country untapped and the rise of the number of locations speaks to that.
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Undisclosed Integrator #2
I think it interesting they require a dealership in Tyco products when Tyco can be seen as a competitor with their own integration business under their umbrella, even though I've heard from Tyco reps they don't like their own integrator business.
Probably a necessary evil for some contract opportunities.
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