Key cutting counter or kiosk

Homeowners, tenants, landlords, small businesses and people who have lost or want spare keys. Customers pay on the spot.

A set price per key cut, with a higher price for specialty or restricted keys. Extra margin comes from selling locks, padlocks and accessories.

• Careful, precise handwork
• Friendly customer service
• Basic knowledge of key and lock types
• Handling cash and card payments

• Licensing varies by province: some regulate locksmiths and security-related work (Ontario and Quebec, for example), while others may not regulate simple key duplication. Check with your provincial regulator whether a licence applies to key cutting and lock sales in your province
• Commercial general liability insurance, plus coverage for stock and equipment
• Rules on duplicating keys marked 'Do Not Duplicate' and restricted-key systems; check your supplier's and regulator's guidance
• Rent, lease terms and slow periods, since foot traffic can vary a lot by season
• Check with your municipality about a business licence and signage rules

Estimates suggest startup costs typically around $8,000 to $30,000, depending on location, equipment and stock. Monthly revenue is estimated at about $3,000 to $12,000, depending on foot traffic and what extra items you sell.

Licensing varies by province: some regulate locksmiths and security-related work, while others may not regulate simple key duplication. Check with your provincial regulator whether a licence applies, plus rules on 'Do Not Duplicate' keys and your municipality's business licence and signage rules.

Estimates suggest at least about 25 hours a week, depending on opening hours and the season. Useful skills include careful, precise handwork, friendly customer service, basic knowledge of key and lock types, and handling cash and card payments.