Introduction to Yale Security Point
The Yale Security Point franchise forms part of a worldwide initiative to offer consumers the best in quality security products and professional advice. We offer all you need, under one roof to protect yourself and to secure your family, your home and personal belongings.
Yale Security Point history
Security World (now trading as Yale Security S.A (Pty) Ltd) was originally formed in 1994 as a division of Tool & Electrical Distributors (Pty) Ltd. In the first year of operation, Security World had grown beyond expectations and as a result of this continued success, an independent company was registered. On the 1st of August 2005 Security World (Pty) Ltd was acquired by ASSA ABLOY S.A. (Pty) Ltd, an international manufacturer and marketer of door opening solutions. The Security World name has since been changed to Yale Security S.A. (Pty) Ltd and the franchised stores now operate under the name "Yale Security Point".
Overview of the Franchise
Yale Security Point stores specialise in retailing a wide range of security related products. The product range is extensive and includes, amongst other things, alarms, batteries, CCTV systems, electric fencing, garage and gate motors, intercom systems, two way radios, safes, remote control units, security lighting, self-defense products, padlocks, mechanical and electromechanical locks and handles + key cutting.
The stores are primarily aimed at, and cater to, homeowners wanting to address their own security needs through a reputably branded and franchised outlet. Most of a Yale Security Point franchisee's business is generated through over the counter sales to end-users.
The total investment for a Yale Security Point store varies in relation to store size and stock holding level.
- Up-front fee: R50 000 excl VAT (incl in est. cost).
- Establishment cost R940 000.00 excl VAT (may vary according to size and location)
Own Capital Requirement
60% unencumbered funds are required if a loan is to be raised. Assistance is offered in making application to the financial institution. Collateral should be available for the loaned amount.
Set-up cost includes:
- Franchise Fee
- Testing equipment & key cutting machine Consignment stock
- Store layout, design, shop fitting and signage
- Point of sale system.
The monthly fee structure is as follows:
- Franchise Fee: 5% of turnover
- Advertising Fee: 2% of turnover
Training and Support:
For the owner
All franchisees must undergo initial training (franchise operation, business and product training) to ensure they are adequately trained in the operation of the franchised business.
For the staff
The franchisee and their staff members must undergo initial product training to ensure they are adequately trained to work in the franchised business.
The on-site staff training is conducted at your stores premises. There will be a dedicated member from the Yale Security S.A. team to assist you in your store for the initial handover period and thereafter on an adhoc support basis.
Yale Security S.A. (Pty) Ltd is continuously upgrading its systems and procedures to be more professional, productive and profitable. There are also new products being introduced into the market and into Yale Security Point stores on an ongoing basis. Yale Security S.A. (Pty) Ltd provides ongoing training on both the operational procedures and the new products introduced into Yale Security Point stores. Depending on the nature of the training, training interventions can range in duration from a one-hour session to a full day course. Training sessions are conducted by either in-house personnel or external professionals in the required field.
Who is ideal for a Yale Security Point Franchise?
To succeed as a Yale Security Point franchisee you need to have an entrepreneurial spirit, but you must also be prepared to work within the strict parameters imposed by the franchise system. Yale Security Point is a retail business and therefore your ability to comfortably communicate with customers, as well as your staff, is important. Background experience in retailing is preferable but not critical. A Yale Security Point franchisee needs to be presentable, knowledgeable, trustworthy and supportive. Yale Security Point stores sell products to protect the lives and homes of families and individuals. Customers must believe in the integrity of the owner of a Yale Security Point store.
Yale Security Point has strict location criteria and area protection for the franchisees, to ensure that each store gets maximum market exposure.
Through diligent up-front analysis, research and planning, Yale Security Point ensures that every franchisee is correctly financially geared to earn the maximum return on investment and Yale Security S.A. (Pty) Ltd promotes the success of every franchisee through a strong support infrastructure.
Ideal store size: 42 to 48m2.