The “this” is believed to be a full service security company that Karch took over from his family. Karch started his story by saying that Minnesota was really ready for this. Instead, I got answers to a whole plethora of great questions. Anyway, Karch and I talked so long that I forgot to ask him my signature question: If you had just one really great idea to share with the industry … etc. and its president, Bob Bonifas, has always believed that his lock business (still operating) is probably one of the biggest lead developers in the security industry.Īnd we have many other stories about alarm dealers that also have used their locksmithing business as an entrance into the full security spectrum. Interestingly one of the most successful businesses in America, located just about 300 miles south of Bloomington is ADS in Aurora, Ill. In fact, Karch believes that a good part of the success the company has achieved has been because of the lock division. But most people in the industry would not guess that his locksmith business is probably the most successful, simply because in addition to selling and installing locks, the amount of referrals the company gets from this activity is almost astounding. If you could have been an eavesdropper listening in on that phone call, you probably would’ve gotten insights into one of the best, firsthand success stories ever to be written in my column.Īll of Floyd’s divisions are successful, both numerically and financially.
We kind of lost touch over the past decade or so, and then just recently he called, just to catch up. It does residential, commercial, DIY and, by the way, is the oldest locksmith (full-service) in the area.Īs it turns out, Karch is also an old friend of mine, probably going back 50 years or more. Karch is kind of a low-key guy, couldn’t care less about getting his picture in a magazine, or for use with my column, and has built one of the more successful, full-service security companies in North America. He is a powerhouse in the industry and is the owner and president of Floyd Total Security in Bloomington, Minn. Michael Karch’s name may not be familiar to readers of this column. *Originally published on Ron Davis has heard from multiple people in the locksmithing business that it is a natural lead-in to all security products.
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