GarageExperts

At a Glance

Products & Services: Floor coatings, cabinets, ceiling racks, slatwall

Number of Locations: 30

Total Investment: $49.5K - $77.8K

Founded: 2008

Began Franchising: 2008

Franchise Units

Year U.S. Canadian International Company Owned
2014 30 0 0 0
2013 22 0 1 0
2012 18 0 0 0
2011 10 0 0 0
2010 8 0 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $49,500 - $77,800
Franchise Fee: $15,000 - $25,000
Ongoing Royalty Fee: $650-1.5K/mo.
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 10% off franchise fee
Financial Requirements
Net Worth: $30,000
Liquid Cash Available: $30,000
Operations
Franchise can be run from home. 14% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2 - 8. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 5 days.
Ongoing Support: Newsletter, Internet, Purchasing cooperatives
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,
Other marketing support: Website

Franchise Ranking History

Top New: #64 (2013),

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