Franchise Spotlight: Security
A safety savvy generation means the Security franchise sector looks set to grow.
The Security industry typically provides security devices such as alarms, safe deposit boxes, cyber security, motion sensors, security cameras, locks and fire alarms to commercial and residential properties. Those looking to franchise in this sector have the option of running a one wo/man band and installing equipment themselves or managing and running a team of experts and coordinating contracts.
With many businesses needing to have their security provisions serviced or updated on a regular basis, this industry benefits from the opportunity to build repeat business. Most corporations will outsource all their security needs to one company - and for franchisees installing multiple devices and systems, this can prove profitable.
Signal88 and Shield Security Systems provide security installation to homes and businesses which franchisees manage. For franchisees interested in cyber security, companies such as Team Logic IT provide comprehensive training for those looking to invest.
Security Industry Analysis
With a market revenue of over $39billion in 2021 (Ibis World), the Security services industry is an exciting one to enter. Security is a hot topic in America, with individuals and businesses not wanting to take unnecessary risks when employing people to manage their needs. This is one of the key reasons a franchise is such a good investment. Being able to use the recognized brand name and banner of an established company is crucial during the pursuit of new clients.
Security franchises come in all shapes and sizes - some enable franchisees to work from home, others are mobile and some may require premises. Often they involve franchisees managing and organizing of a team of specialists - meaning experience in installing security devices yourself is not necessary. Rather, good communication skills and sales skills will be pivotal in securing business and ensuring customer satisfaction.