Locksmiths Industry
NAICS: 561622
For additional companies see the Investigation & Security Services Industry
Contents
Locksmiths Market Share: Largest Companies in the Locksmiths Industry
Company |
Headquarters | Revenue ($ MM) |
---|
HIGH TECH LOGISTICS | New York, NY | 100 |
JOE EAST ENTERPRISES | Carrollton, TX | 65 |
ROLLAND HOLDING | Dallas, TX | 52 |
ACADEMY LOCKSMITHS | Anaheim, CA | 41 |
WILLIS KLEIN SAFE LOCK & DECORATIVE HARDWARE | Louisville, KY | 40 |
BUSY BEES LOCKS & KEYS | San Diego, CA | 34 |
BROOKLYN SUPPLY | Brooklyn, NY | 33 |
AMERICAN KEY SUPPLY | Las Vegas, NV | 29 |
CLARK KRISTI ENTERPRISES INCORPORATED DBA POP-A-LOCK | Texarkana, TX | 27 |
LOC-DOC | Charlotte, NC | 25 |
PHS MANAGEMENT SERVICES | Scott, LA | 25 |
TFL FRANCHISE SYSTEMS | Braintree, MA | 23 |
FEDERAL LOCK & SAFE | Arlington, VA | 23 |
ACTION SYSTEMS | Louisville, KY | 23 |
WATSON SECURITY GROUP | Renton, WA | 22 |
CASTER SOLUTIONS | Oakland, CA | 21 |
HARRY'S KEY SERVICE | Vancouver, WA | 21 |
ACCU-LOCK | Grandview, TX | 20 |
HEIGHTS KEY LOCK & SAFE | Albuquerque, NM | 19 |
This is a list of the largest companies active in the Locksmiths industry. This differs from market share in the following example:
One business with revenues of $100 million generates 10% of its business from the Locksmiths industry. A second firm, with revenues of $20 million, generates all of its business from this industry. In our list, we show the businesses having revenues of $100 million and $20 million, respectively. However, the market share would compare the $10 million in industry-specific revenue to the $20 million: the second company has twice the market share even though it is "smaller" in size.
Growth: Fastest Growing Locksmiths Companies
A list of competitors in the Locksmiths industry that are rapidly expanding. Businesses may grow organically or through acquisition.
Typically, small or midsized companies are in "growth" mode and can expand more rapidly. However, large businesses may have the strategy and financial capabilities to scale rapidly.
Businesses that employ a "roll-up" strategy make multiple acquisitions of smaller businesses to form a single large corporation that controls a greater market share than its competitors and benefits from economies of scale.
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Small Business Financing
Small businesses that have received financing may expand soon. Financing may be required for capital-intensive investments, such as real estate or equipment purchases. Locksmiths businesses may use the financing to cover startup expenses or the costs of hiring new employees.
Loans differ from equity investments in the level of risk that is expected: loans frequently have collateral either directly or implicitly through the business or the owners that ensure repayment. Equity investment has the possibility for much greater returns, but offers no guarantee the principle will be repaid. Convertible securities combine the two concepts, but is used by private-equity firms rather than main street startups.
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Venture Funding
These Locksmiths companies are actively raising capital from venture capital firms, private equity, or other investors. Businesses with venture funding generally
have higher growth prospects, either through bringing new concepts to market, using innovative business practices, or savvy management.
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