The Flying Locksmiths vs Terrace Up
Franchise Comparison 2026
Both The Flying Locksmiths and Terrace Up are home services franchises. The Flying Locksmiths requires an investment of $150K – $400K while Terrace Up requires $186K – $356K. 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 The Flying Locksmiths B (Above average) and Terrace Up C (Average).
| Metric | The Flying Locksmiths | Terrace Up |
|---|---|---|
| Verdict Grade | BAbove average | CAverage |
| Investment Range | $150K – $400K | $186K – $356K |
| Franchise Fee | $75K | $60K |
| Royalty Rate | 8.0% | 6.0% |
| Average Revenue (Item 19) | $714KPer franchisee, not per outlet | N/ACompany-owned only · n=1 |
| SBA Charge-Off Rate | 6.9% (51 loans) | N/A |
| Total Units | 93 | 1 |
| Unit Growth (YoY) | -1 units | +0 units |
| Year Began Franchising | 2015 | 2023 |
| FDD Year | 2024 | 2026 |
Investment Range
$150K – $400K
$186K – $356K
Franchise Fee
$75K
$60K
Royalty Rate
8.0%
6.0%
Average Revenue (Item 19)
$714KPer franchisee, not per outlet
N/ACompany-owned only · n=1
SBA Charge-Off Rate
6.9% (51 loans)
N/A
Total Units
93
1
Unit Growth (YoY)
-1 units
+0 units
Year Began Franchising
2015
2023
FDD Year
2024
2026