Locksmith & Security Hardware

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Startup Cost
$15,000-$80,000
Difficulty
Intermediate
Time to Profit
8-15 months
Profit Potential
$70,000-$350,000/year

Overview

Locksmiths provide lock services, rekeying, key duplication, emergency lockouts, and security hardware installation.

With locksmith services essential and security hardware constant need, services generate revenue of $120,000-$400,000 with 65-80% margins.

The business requires locksmith training and licensing, mobile service vehicle, lock inventory and tools, emergency availability, and commercial hardware knowledge.

Services include emergency lockout service, rekeying and master keying, high-security lock installation, commercial door hardware, safe installation and opening, and key duplication and control.

Revenue through service calls and hardware sales.

Success factors include locksmith licensing and training, emergency 24/7 availability for lockouts, mobile service with stocked vehicle, commercial hardware expertise (Schlage, Yale), and building residential and commercial clientele.

Marketing focuses on emergency lockouts, property managers, businesses, and local homeowners.

With locksmith services essential and security hardware needed in 2025, locksmith offers traditional security opportunities serving locks and access with licensing and emergency availability as considerations.

Required Skills

  • Locksmith training and licensing
  • Lock picking and manipulation
  • Rekeying and pin tumbler
  • Commercial hardware installation
  • Safe opening
  • Key cutting and duplication

Pros and Cons

Pros

  • Essential locksmith demand
  • Emergency lockout premium pricing
  • Residential and commercial
  • Mobile service capability
  • Hardware sales margins

Cons

  • Locksmith licensing required
  • 24/7 emergency availability
  • Mobile service vehicle needed
  • Competition from chains
  • Lock inventory investment

How to Get Started

  1. Get locksmith training and license
  2. Acquire mobile service vehicle
  3. Stock lock and hardware inventory
  4. Set up key cutting equipment
  5. Offer 24/7 emergency service
  6. Market to property managers
  7. Develop commercial expertise

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