We are a Louisiana corporation, incorporated October 1, 2003. Our principal business address is 1018 Harding Street, Suite 101 Lafayette, Louisiana 70503. We grant franchises that offer the Pop-A-Lock commercial, residential and automotive locksmith services, car door unlocking services, mobile vehicle services, vehicle locksmith services and, emergency roadside assistance (“Pop-A-Lock Franchise”). We also grant franchises that offer commercial and residential insulation, heating, ventilation and air conditioning services (“TemperaturePro Franchise”). We are currently engaged in no business other than granting Pop-A-Lock and TemperaturePro Franchises, and we do not offer any company-owned businesses. Our agents for service of process are disclosed in Exhibit B attached to this Disclosure Document.
Sig 5 Corporation, the predecessor of Sig 5 D, opened its first Pop-A-Lock Franchise in Lafayette, Louisiana on January 1, 1992. Sig 5 Corporation offered franchises for the operation of Pop-A- Lock Franchises from May 1994 to March 1995. On March 28, 1995, Sig 5 Corporation granted to Sig 5 D an exclusive license to grant franchises for the operation of Pop-A-Lock Franchises. Sig 5 D offered franchises from March 1995 to July 2000. The LSR Group began offering Pop- A-Lock A Car Door Unlocking Service® franchises in August 2000. Currently, we only offer and grant Pop-A-Lock franchises. Neither the Sig 5 Corporation, Sig 5 D, The LSR Group, nor us have engaged in or offered franchises in any other line of business.
The Pop-A-Lock® franchise currently provides up to four (4) authorized service categories: (i) commercial and residential locksmith and security services, (ii) vehicle locksmith services (iii) car door unlocking services, and (iv) emergency roadside assistance arid mobile vehicle services. Authorized Services are referenced in Article 1.04 of the Franchise Agreement, and are collectively referred to in this Disclosure Document as the “Franchised Business.” The Franchised Business shall be open for the conduct of business, as needed, twenty-four hours a day, 365 days a year and you shall at all times staff the Franchised Business with the number of employees consistent with this requirement and operate the Franchised Business diligently so as to maximize the revenues and profits. You must participate in our PAL Saves Kids Program, and National Accounts Programs. You must provide car door unlocking free of charge when a child is locked inside the vehicle or if human life is in danger. The PAL Saves Kids Program is offered by Pop-A-Lock Franchises as a free public service to the general public, communities, emergency service providers and roadside assistance companies. We have developed a propriety plan and system known as the “Pop-A-Lock Franchise System” relating to the operation of franchise locations which offer to the public high tech and traditional locksmith services, car door unlocking service, and emergency roadside service and other mobile vehicle services specified by us. The Pop-A-Lock Franchise System consists of (i) a franchise or license to operate a Pop-A-Lock Franchise utilizing the registered trademarks (a) “Pop-A-Lock®”, (b) “Pop-A-Lock, A Car Door Unlocking Service®” and design depicting the frontal view of a car with doors open, (c) “Pop-A-Lock, Trusted Locksmith” with the service mark depicting the frontal view of a car with doors open, inside of a house, placed on top of a key (c) the service mark depieting the frontal view of a car with doors open, (d) The Security Professionals, Site Security Solutions, and other marks which may be added in the future and (ii) our combination of proprietary methods, tools and techniques for the operation and management of a Pop-A-Lock Franchise. The services provided by a Pop-A-Lock Franchise are used by businesses and the general public..
Initial Franchise Fee The initial franchise fee is $15,500, and not refundable, for an exclusive territory population of 125,000. The franchise area population is determined by current statistical data as published and amended by the U. S. Census Bureau. The initial franchise fee is payable in one lump sum concurrent with the signing of your Franchise Agreement. The initial franchise fee is referenced in Article 1.02 of the Franchise Agreement. Sale of Franchisor-Owned Businesses Occasionally, we may offer for sale as a franchise an existing Pop-A-Lock company-owned business. In that event, the purchase price will be determined by negotiation between us and the prospective franchise owner based upon the going concern value of such existing business. The purchase price will typically be paid on a mutually determined closing date. Proceeds from the initial franchise fee are paid directly to us and are used by us to defray our costs of acquiring and supporting new franchise owners and to increase our general operating funds.
Neither we nor any agent or affiliate offers direct or indirect financing to you, guarantees any note, lease or obligation of yours, or has any practice or intent to sell, assign or discount to a third party all or any part of any financing arrangement of yours.
The FTC's Franchise Rule permits a franchisor to provide information about the actual or potential financial performance of its franchised and/or franchisor-owned outlets, if there is a reasonable basis for the information, and if the information is included in the Disclosure Document. Financial performance information that differs from that included in Item 19. may only be given if: (1) a franchisor provides the actual records of an existing outlet you are considering buying; or (2) a franchisor supplements the information provided in this Item 19, for example, by providing information about possible performance at a particular location or under particular circumstances.