Security guard franchises are part of a rapidly growing industry, with the global security services market valued at over $60 billion in 2020 and expected to reach $140 billion by 2026. With these figures in mind, it’s clear why entrepreneurs are looking to invest in franchises.

In this article, we’ll cover:

• What security guard franchises are and why they’re appealing
• Benefits of owning a security guard franchise
• Key factors to consider before choosing a franchise
• 10 security guard franchise opportunities in 2024

Note: We’re not sponsored, partnered, or affiliated with any of these franchise options. The information below was researched and written by our team, but please do your own research before taking the next step. 

What are security guard franchises?

A security guard franchise is a business model where an individual entrepreneur (the franchisee) partners with an established security company (the franchisor). 

This partnership allows the franchisee to operate under the franchisor's brand name, using its proven systems, training programs, and marketing strategies.

Why are franchises a popular choice for entrepreneurs entering the security industry?

Franchising offers a way to enter this thriving market with a reduced level of risk. You get the benefit of an established brand, ongoing support, and a proven business model — all of which can significantly increase your chances of success.

With concerns about security on the rise, the demand for professional security services is higher than ever. That’s why looking for security guard franchise opportunities is a sound investment strategy. You can jump into the industry with less risk and more support compared to starting from scratch.

Benefits of owning a security guard franchise

Let’s explore some of the key benefits of owning your very own security guard franchise:

• Find your niche: Security isn't one-size-fits-all. There's a wide array of services, from residential security to event security management. With a franchise, you can often specialize in a niche that aligns with your interests and expertise.
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• Hit the ground running: With a franchise, you gain access to proven marketing and operational processes. This gives you a head start, allowing you to focus on growth rather than figuring out the basics.
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• Brand power: With a franchise, you instantly benefit from the franchisor's established brand recognition. This can help you attract customers and build trust right from the start.
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• A helping hand: Franchisors typically offer support through training, marketing assistance, and operational guidance, helping franchisees build a strong foundation.

These benefits paint a compelling picture of why security guard franchise opportunities are so attractive. They provide a blend of independence and support, allowing you to build a thriving business while minimizing the risks associated with startups.

How to choose the best security guard franchise for you

With the abundance of security guard franchise opportunities available, making the right choice requires careful consideration. Let’s explore the key factors to consider:

• Reputation matters: Look for a franchisor with a solid reputation and a proven track record. Do your research, read reviews, and talk to existing franchisees to get a feel for the company's culture and values.
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• Costs and fees: Franchising involves various fees, including the initial franchise fee and ongoing royalties. Make sure you understand the full financial picture before committing. It's also important to know what's included in the franchise fee. 
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• Training and support: A good franchisor will provide comprehensive training and ongoing support to keep you and your team up-to-date with the latest industry trends and best practices.

• Contract terms: The franchise agreement is a legally binding document. It's vital to have it reviewed by a qualified attorney to ensure you fully understand your rights and obligations.
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• Royalties: Royalties are ongoing fees paid to the franchisor. Ensure the royalty structure supports your business growth and aligns well with your financial goals.
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• Overall support: Beyond training, what kind of ongoing support does the franchisor offer? Do they provide marketing assistance and operational guidance? A strong support system can be invaluable, especially in the early stages of your business.

10 popular security guard franchise opportunities in 2024

Below is our list of security guard franchise opportunities for aspiring entrepreneurs. In the interest of saving you time — we’re sharing a quick comparative chart so you get a quick snapshot of options ahead of viewing the detailed list:

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Now, let’s get into the details of each of these franchises:

1. Signal

Signal is a leading security franchise offering patrol and dedicated security services, including onsite and offsite surveillance, executive protection, and consulting. 

The brand has expanded rapidly due to its unique business model and proven success in the security industry. Signal offers a structured business system with a strong return on investment, making it appealing among security guard franchise opportunities. 

The franchise fee ranges from $85,000 to $170,000, depending on territory size, with an initial investment between $93,200 and $241,150. Signal requires an ongoing royalty fee ranging from 4-6% of gross revenues, depending on the franchise agreement.

2. Silbar Security

Silbar Security offers a turnkey system built on law enforcement-grade tech. Their services include roving vehicle patrol, uniformed security officers, and event staffing. Sibalbar stands out with its National Operations Command Center (NOCC), offering 24/7 support. 

Silbar is an excellent security guard franchise opportunity for those looking to benefit from a unique and recognizable brand with monthly recurring revenue. The initial investment is between $92,500 and $215,900.

3. GoJoe Patrol

GoJoe Patrol provides complete security solutions, including mobile patrol services, onsite security, and alarm response. The company prides itself on community involvement and environmentally friendly practices with hybrid patrol vehicles. 

GoJoe Patrol is a great fit for those who want to combine entrepreneurship with environmental responsibility. The initial investment ranges from $77,633 to $133,288, with a franchise fee of $40,000.

4. Ranger Guard

Ranger Guard is a veteran-owned security franchise with a reputation for providing high-quality security services. With over 100 locations across Texas, Ranger Guard offers full franchise support and a proven business model. 

Franchisees benefit from strong brand recognition and the potential to generate significant revenue. The franchise fee is $65,000, with an initial investment starting at $120,000.

5. Nation Security

Nation Security operates primarily in Florida but has expanded to other regions based on franchise locations. They offer a wide range of security services, including armed and unarmed guards, high-value protection, and access control. 

The franchise provides personalized services tailored to client needs, combining small vendor attention with the corporate infrastructure of larger companies. The initial investment required ranges from $130,000 to $210,000.

6. City Security Services

City Security Services is known for its diverse range of offerings, from armed/unarmed guards to executive protection and consulting. The company emphasizes community impact and offers franchisees a scalable business model with monthly revenue streams. 

The initial franchise fee is $35,000, with an investment range starting from $161,175.

7. Patrol Services Inc.

Patrol Services Inc. offers private security solutions with a focus on law enforcement-grade technology and service — similar to Silbar Security. 

This franchise requires no physical office, allowing franchisees to operate a scalable business model. The initial investment ranges from $109,500 to $233,500, with a franchise fee of $39,000.

8. Helping Hand Security

Helping Hand Security specializes in security services for residential complexes, commercial properties, and student housing. It’s mainly focused on unarmed security guard services. 

Helping Hand Security offers franchisees the chance to join an established brand with an initial investment that ranges from $57,450 to $273,150, with a franchise fee of $30,000.

9. Alert Patrol

Alert Patrol provides professional armed and unarmed security services for various industries. The franchise offers operational and marketing support to franchisees, with a strong focus on customer service and public safety. 

The initial investment starts at $79,000, with a franchise fee of $25,000.

10. FlyLock Security Solutions

FlyLock Security Solutions focuses on door access control and security systems, operating similarly to security guard companies by deploying personnel for monitoring, making it a unique player in the industry.

The reason why it’s last on the list is that it’s not technically a security guard company, but its operations require deploying personnel — just like a security guard company would. This overlap (and the fact that it’s a profitable franchise) has earned it a spot on the list. 

The franchise supports entrepreneurs with training, sales, and marketing assistance. The initial investment ranges from $163,000 to $263,000, with a franchise fee of $75,000.

What to consider before investing in a security guard franchise

Venturing into the world of security guard franchise opportunities requires careful consideration and planning. Before taking the plunge, there are several factors to weigh:

Market potential in your area

Start by checking if there’s a demand for security services in your area. Look for local businesses, events, or communities that need security services. Make sure there's enough demand before investing.

Initial investment vs. long-term profitability

Franchising typically involves an initial investment, which can vary depending on the brand and the level of support provided. It's vital to weigh this initial cost against the potential for long-term profitability. 

Pro tip: Carefully review the franchisor's financial projections and compare them to your own business goals.

Time commitment and operational demands

Running a security guard franchise is a hands-on and rewarding endeavor where dedication and smart operational strategies can lead to long-term success.

Understand the operational demands involved, from managing staff and scheduling shifts to handling client inquiries and ensuring compliance with regulations.

Beyond the financials

Beyond the numbers, consider your skills and interests in the security industry. Do you have the leadership qualities to manage a team of security professionals? Are you comfortable handling potentially stressful situations?

Remember: Your fit with the franchise and the industry is just as important as the financial aspects.

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How Belfry can help franchise owners with operations

We've shared the list of security guard franchise opportunities in 2024. However, remember, securing a franchise is just the first step. One of the most crucial aspects of running a successful franchise is operational efficiency. 

That's where Belfry comes in.

Belfry is an all-in-one security management platform designed to streamline your day-to-day tasks, freeing up valuable time and resources so you can focus on making your newly acquired franchise as profitable as it can be. 

Here's how Belfry can elevate your security guard franchise operations:

• Effortless scheduling and overtime management: Make scheduling easier by automatically matching your team’s availability and skills to each job. Automate overtime tracking to ensure compliance and control labor costs.
• Direct employee communication: Give your security officers timely notifications and orders with Belfry’s user-friendly mobile app for real-time communication, incident reporting, and efficient patrol management.
• Automated franchise operations: Streamline compliance and licensing management, making sure your franchise adheres to all required regulations.

Schedule a Free Belfry Demo.