Start a Security 101 Franchise in 2024

2024 Franchise 500 Rank: N/R Ranked #379 last year

Initial investment: $130K - $235K

Units as of 2022: 49 8.9% over 3 years

Security 101® is a systems integration franchise company that offers various security solutions and services for businesses. These services include access control, intrusion detection, video surveillance, visitor management, and more. The company strives to be a one-stop management suite of products that caters to corporations and organizations, from design to engineering to installation.

As a Security 101 franchisee, you will be part of a solid team with a culture that wishes to make the business not only a wise investment, but a real family made up of people who want to make things work together. As soon as you become a franchisee, you will receive immediate access to all the benefits of the brand power that is Security 101.

Why You May Want to Start a Security 101 Franchise

Security 101 is a national franchisor with the focused advantage of local ownership. This may allow the brand to build a broad and loyal customer base on top of being a company known for its high levels of service. With over 15 years of operation, there may be possibilities for recurrent business because of the company's credibility.

All these unique advantages that come with the franchisor may be supported by the industry itself, which is prominent. Security 101 has been ranked in Entrepreneur's Franchise 500 several times in the past few years. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.

What Might Make a Security 101 Franchise a Good Choice?

To be part of the Security 101 team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for the existence of ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s minimum net worth and liquid capital requirements.

As a Security 101 franchisee, you will have access to the company's proprietary business software designed for the franchisee's specific needs and goals, potentially giving you more ability and depth to manage your business with significant operational and financial efficiency. You also should get a protected territory, which means you will not be competing with other Security 101 franchisees anywhere within your area.

How To Open a Security 101 Franchise

Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your journey toward opening a Security 101 franchise, a franchise representative will evaluate you for financial readiness. After determining your financial readiness, a franchise representative will schedule you for a series of introductory and informational phone or video calls with the team.

An essential part of the process is reading Security 101's Franchise Disclosure Document. In this document, you will find all the salient points you need to know about the company, including its unit economics. Once you and the brand have decided to pursue the opportunity together, you will sign the franchise agreement, pay the initial fees, and coordinate with the franchise development team, who will be guiding you along until your grand opening.

Company Overview

About Security 101

Industry	Services (Other)
Related Categories	Security Services, Miscellaneous Services
Founded	2003
Parent Company	Security Franchisors LLC
Leadership	Michael Walton, President
Corporate Address	1450 Centrepark Blvd., #210 West Palm Beach, FL 33401
Social	Facebook, Twitter, LinkedIn, YouTube

Business Overview

Franchising Since	2007 (17 years)
# of employees at HQ	38
Where seeking	This company is offering new franchises in the following US states: Arkansas, Iowa, Idaho, Kansas, Kentucky, Maryland, Missouri, Montana, North Dakota, Nebraska, New Mexico, Oklahoma, Oregon, South Dakota, Washington, Wisconsin, West Virginia, Wyoming
# of Units	49 (as of 2022)

Information for Franchisees

Here's what you need to know if you're interested in opening a Security 101 franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$59,500
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$130,100 - $235,000
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$500,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$85,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	10% off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	6-4%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	0.5%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing	Security 101 has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	80 hours
Classroom Training	120 hours
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates National Media Regional Advertising Social Media SEO Website Development Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	3
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes