Noble Locksmith Franchise Questions to Ask

Home Services FDD 2025

Data extracted from Noble Franchising, Inc's 2025 Franchise Disclosure Document, filed under FTC Rule 16 CFR 436.

Noble Locksmith franchise at a glance — core figures from the 2025 Franchise Disclosure Document:

Investment (Item 7)
$82K - $244K
Franchise fee
$34K
Royalty
7.0% to 10.0%
Franchised units
13
Item 19 earnings
Disclosed
Disclosed litigation
1 case

Noble Locksmith Franchise Due Diligence Questions

17 questions tailored to Noble Locksmith's 2025 FDD data. 2 are flagged as high priority based on disclosures in the document.

How to use this checklist

Use these questions during your discovery day, franchisee validation calls, and attorney review. Questions marked High Priority are tied to specific disclosures in the 2025 FDD and should not be skipped. Print or copy this list before any franchisor meeting.

Financial

Investment, earnings, fees, and break-even analysis

3 questions
  1. What is the average time to profitability for a new Noble Locksmith location, based on franchisees who opened in the last three years?

  2. How does the Item 19 data in the 2025 FDD compare to your best- and worst-performing locations, and what operational differences explain that gap?

    High Priority
  3. The royalty rate is 7.0% to 10.0%. Is that applied to gross revenue or net revenue, and are there any volume tiers that reduce the rate over time?

Legal

Agreement terms, litigation, renewal, and exit

4 questions
  1. Item 3 discloses 1 litigation case. Can you walk me through each matter — what was the nature of the dispute, and how was it or how is it expected to be resolved?

    High Priority
  2. The franchise agreement is 10 years. What are the conditions under which you can terminate the agreement early, and what recourse does the franchisee have?

  3. What restrictions does the franchise agreement place on selling or transferring my franchise — including the right of first refusal and any transfer approval process?

  4. There is a $10K renewal fee at the end of the term. What conditions must be met to qualify for renewal, and can the franchisor require a location upgrade as a condition?

Talk to Current Franchisees

Item 20 of the FDD lists current and former franchisees with contact information. Calling at least five to ten owners is the single most valuable step in franchise due diligence — more informative than any disclosure document.

Ask them: Are you hitting the numbers you expected? Would you do it again? What does the franchisor do well, and where do you wish you had more support?

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Data shown is extracted from the 2025 Franchise Disclosure Document filed with state regulators. Fees, investment ranges, and other terms may have changed since this filing. Always request the current FDD directly from the franchisor before making any investment decisions. This information is not financial, legal, or investment advice. Full disclaimer.