By JOE LYNCH/APLOCKSMITH Odessa locksmiths are opening their doors for the first time in more than five years.
The lock shop, one of the largest in the state, said Thursday that it will offer a $5 in cash, plus $1 in a lock, at the door of its new flagship store.
The move comes just weeks after it opened its doors for another year, offering a $3,000 lock key sale.
The locksmith’s first opening in the city of about 12,000 comes at a time when a flood of new locks is hitting the market, as well as a wave of home burglaries, which hit a peak in late March.
Odessa is home to a thriving jewelry and construction industry.
Lock makers and dealers say the city’s demand for new locks has been driven by a boom in home burglars who prefer the convenience of the open-plan stores.
The company has had a hard time keeping pace with the new locks.
The new store opens for business Friday, with prices ranging from $5 to $8,000.
It will be the first of its kind in the country.
“There are lots of locks that are sold at lower prices than the current price,” said Steve Schmitt, the company’s vice president of sales and marketing.
“It’s a great opportunity for us to try to increase our margins and to help Odessa’s economy.
It’s just a nice way to introduce new product.”
The locks will be offered to Odessa residents at the new store and in stores nationwide.
Lock shops are becoming more popular as homeowners become more savvy about how to secure their homes and businesses.
The business is also gaining a reputation for having a loyal customer base, Schmitt said.
Odessans have been flocking to lock shops in recent years, said Greg Schreiber, owner of Odessan, a locksmith in the metro area.
Schreib said his business has increased by about 30% since the company opened in May of last year.
“We’ve seen a lot of people who are coming in and they’ve asked for lock key sales,” Schreber said.
“I think they’re finding the lock keys are a nice alternative.”