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: Reported for a subset of outlets rather than the whole system. On SBA loan performance, Garage Living has a lower charge-off rate (6.7%) compared to The Flying Locksmiths (6.9%). FranchiseVerdict rates The Flying Locksmiths A (Strongest tier) and Garage Living D (Below average).
| Metric | The Flying Locksmiths | Garage Living |
|---|---|---|
| Verdict Grade | AStrongest tierStrongest tier | DBelow averageBelow average |
| Investment Range | $150K – $400K | $246K – $324K |
| Franchise Fee | $75K | $60K |
| Royalty Rate | 8.0% | 6.5% |
| Average Revenue (Item 19) | $714K | $1.6MOutlet subset |
| SBA Charge-Off Rate | 6.9% (51 loans) | 6.7% (15 loans) |
| Total Units | 93 | 50 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 2015 | 2015 |
| FDD Year | 2024 | 2026 |
Investment Range
$150K – $400K
$246K – $324K
Franchise Fee
$75K
$60K
Royalty Rate
8.0%
6.5%
Average Revenue (Item 19)
$714K
$1.6MOutlet subset
SBA Charge-Off Rate
6.9% (51 loans)
6.7% (15 loans)
Total Units
93
50
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
2015
2015
FDD Year
2024
2026