Terrace Up vs The Flying Locksmiths
Franchise Comparison 2026
Both Terrace Up and The Flying Locksmiths are home services franchises. Terrace Up requires an investment of $186K – $356K while The Flying Locksmiths requires $150K – $400K. The Flying Locksmiths discloses average revenue of $714K; no Item 19 revenue figure is on file for Terrace Up. Note: Averaged per franchisee, not per outlet - not comparable with per-outlet figures. The Flying Locksmiths has SBA lending data on file with a 6.9% charge-off rate. FranchiseVerdict rates Terrace Up C (Average) and The Flying Locksmiths B (Above average).
| Metric | Terrace Up | The Flying Locksmiths |
|---|---|---|
| Verdict Grade | CAverage | BAbove average |
| Investment Range | $186K – $356K | $150K – $400K |
| Franchise Fee | $60K | $75K |
| Royalty Rate | 6.0% | 8.0% |
| Average Revenue (Item 19) | N/ACompany-owned only · n=1 | $714KPer franchisee, not per outlet |
| SBA Charge-Off Rate | N/A | 6.9% (51 loans) |
| Total Units | 1 | 93 |
| Unit Growth (YoY) | +0 units | -1 units |
| Year Began Franchising | 2023 | 2015 |
| FDD Year | 2026 | 2024 |
Investment Range
$186K – $356K
$150K – $400K
Franchise Fee
$60K
$75K
Royalty Rate
6.0%
8.0%
Average Revenue (Item 19)
N/ACompany-owned only · n=1
$714KPer franchisee, not per outlet
SBA Charge-Off Rate
N/A
6.9% (51 loans)
Total Units
1
93
Unit Growth (YoY)
+0 units
-1 units
Year Began Franchising
2023
2015
FDD Year
2026
2024