Garage Living vs The Flying Locksmiths
Franchise Comparison 2026
Both Garage Living and The Flying Locksmiths are home services franchises. Garage Living requires an investment of $246K – $324K while The Flying Locksmiths requires $150K – $400K. In terms of revenue, Garage Living reports higher average unit revenue at $1.6M. Note: Averaged per franchisee, not per outlet - not comparable with per-outlet figures; Reported for a subset of outlets rather than the whole system. The Flying Locksmiths has SBA lending data on file with a 6.9% charge-off rate. FranchiseVerdict rates Garage Living B (Above average) and The Flying Locksmiths B (Above average).
| Metric | Garage Living | The Flying Locksmiths |
|---|---|---|
| Verdict Grade | BAbove average | BAbove average |
| Investment Range | $246K – $324K | $150K – $400K |
| Franchise Fee | $30K | $75K |
| Royalty Rate | 6.5% | 8.0% |
| Average Revenue (Item 19) | $1.6MPer franchisee, not per outlet · Outlet subset | $714KPer franchisee, not per outlet |
| SBA Charge-Off Rate | Limited data | 6.9% (51 loans) |
| Total Units | 50 | 93 |
| Unit Growth (YoY) | -2 units | -1 units |
| Year Began Franchising | 2015 | 2015 |
| FDD Year | 2026 | 2024 |
Investment Range
$246K – $324K
$150K – $400K
Franchise Fee
$30K
$75K
Royalty Rate
6.5%
8.0%
Average Revenue (Item 19)
$1.6MPer franchisee, not per outlet · Outlet subset
$714KPer franchisee, not per outlet
SBA Charge-Off Rate
Limited data
6.9% (51 loans)
Total Units
50
93
Unit Growth (YoY)
-2 units
-1 units
Year Began Franchising
2015
2015
FDD Year
2026
2024