IncFact
Company Profiles: Revenue, Growth, Competition

Locksmiths Industry

NAICS: 561622

For additional companies see the Investigation & Security Services Industry

Contents

.Locksmiths Market Share: Largest Companies in the Locksmiths Industry

Company HeadquartersRevenue ($ MM)
HIGH TECH LOGISTICSNew York, NY100 
JOE EAST ENTERPRISESCarrollton, TX65 
ROLLAND HOLDINGDallas, TX52 
ACADEMY LOCKSMITHSAnaheim, CA41 
WILLIS KLEIN SAFE LOCK & DECORATIVE HARDWARELouisville, KY40 
BUSY BEES LOCKS & KEYSSan Diego, CA34 
BROOKLYN SUPPLYBrooklyn, NY33 
AMERICAN KEY SUPPLYLas Vegas, NV29 
CLARK KRISTI ENTERPRISES INCORPORATED DBA POP-A-LOCKTexarkana, TX27 
LOC-DOCCharlotte, NC25 
PHS MANAGEMENT SERVICESScott, LA25 
TFL FRANCHISE SYSTEMSBraintree, MA23 
FEDERAL LOCK & SAFEArlington, VA23 
ACTION SYSTEMSLouisville, KY23 
WATSON SECURITY GROUPRenton, WA22 
CASTER SOLUTIONSOakland, CA21 
HARRY'S KEY SERVICEVancouver, WA21 
ACCU-LOCKGrandview, TX20 
HEIGHTS KEY LOCK & SAFEAlbuquerque, NM19 


See exact company revenues in this list


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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