This year Security 101 was chosen by Entrepreneur Magazine as a testament to the resilience and growth of the franchise industry despite the unprecedented challenges faced in 2020.
To determine this prestigious and comprehensive franchise ranking, the magazine honed a meticulous process over four decades. Here's an insight into their evaluation methodology, based on the Five Pillars of the Franchise 500®:
- Cost and fees
- Support
- Size and growth
- Brand Strenght
- Financial Strenght and Stability
On this Entrepreneur's 42nd annual Franchise 500® ranking, Security 101 is listed as #379 as a distinguished franchise organization specializing in comprehensive systems integration.
“As a national franchisor with a local touch, we combine the benefits of a well-known brand with the advantages of local ownership. Our commitment to exceptional service has helped us establish a broad and loyal customer base over our 15 years of operation.”
- Stephen Parsons, Talent Acquisition Recruiter
Why Choose a Security 101 Franchise?
When considering joining the Security 101 franchise, several factors make it an appealing choice. It's crucial to ensure your financial readiness for the initial investment, which includes the franchise fee and startup expenses. Additionally, ongoing fees such as advertising, royalties, and possible renewal fees should be taken into account. Meeting the company's minimum net worth and liquid capital requirements is also necessary for potential franchisees.
As a Security 101 franchisee, you gain access to the company's exclusive business software tailored to your specific needs and objectives. This software empowers you with enhanced capabilities and comprehensive tools to efficiently manage your business operations and finances. Furthermore, you receive the advantage of a protected territory, ensuring that you won't face competition from other Security 101 franchisees within your designated area.
Opening a Security 101 Franchise: Step-by-Step Guide
Embarking on the journey of opening a Security 101 franchise requires careful consideration and thorough research. To ensure you make an informed decision, follow these steps:
- Conduct Due Diligence:
Before committing financially or signing any agreements, conduct extensive due diligence to determine if this opportunity aligns with your goals and aspirations.
- Financial Evaluation:
A franchise representative will assess your financial readiness to determine if you meet the necessary requirements. This evaluation will help determine your eligibility to proceed further.
- Introductory and Informational Calls:
Once deemed financially ready, you will engage in a series of introductory and informational phone or video calls with the Security 101 team. These discussions will provide deeper insights into the franchise opportunity and address any questions or concerns you may have.
- Review Franchise Disclosure Document (FDD):
Security 101's Franchise Disclosure Document, contains crucial information about the company, including unit economics and other important details. This document will offer a comprehensive understanding of the franchise system.
- Franchise Agreement and Initial Fees:
After deciding to pursue the Security 101 franchise opportunity, you will proceed to sign the franchise agreement. Additionally, you will be required to pay the initial fees associated with the franchise.
- Coordinate with the Franchise Development Team:
The franchise development team will guide and support you throughout the process leading up to your grand opening. They will provide assistance and expertise to ensure a smooth and successful launch of your Security 101 franchise.
By following these steps and working closely with TEAM101, you can navigate the process of opening a Security 101 franchise with confidence and clarity.