The Flying Locksmiths vs Garage Living
Franchise Comparison 2026
Both The Flying Locksmiths and Garage Living are home services franchises. The Flying Locksmiths requires an investment of $150K – $400K while Garage Living requires $246K – $324K. 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 The Flying Locksmiths B (Above average) and Garage Living B (Above average).
| Metric | The Flying Locksmiths | Garage Living |
|---|---|---|
| Verdict Grade | BAbove average | BAbove average |
| Investment Range | $150K – $400K | $246K – $324K |
| Franchise Fee | $75K | $30K |
| Royalty Rate | 8.0% | 6.5% |
| Average Revenue (Item 19) | $714KPer franchisee, not per outlet | $1.6MPer franchisee, not per outlet · Outlet subset |
| SBA Charge-Off Rate | 6.9% (51 loans) | Limited data |
| Total Units | 93 | 50 |
| Unit Growth (YoY) | -1 units | -2 units |
| Year Began Franchising | 2015 | 2015 |
| FDD Year | 2024 | 2026 |
Investment Range
$150K – $400K
$246K – $324K
Franchise Fee
$75K
$30K
Royalty Rate
8.0%
6.5%
Average Revenue (Item 19)
$714KPer franchisee, not per outlet
$1.6MPer franchisee, not per outlet · Outlet subset
SBA Charge-Off Rate
6.9% (51 loans)
Limited data
Total Units
93
50
Unit Growth (YoY)
-1 units
-2 units
Year Began Franchising
2015
2015
FDD Year
2024
2026