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GarageTek Inc.

At a Glance

Products & Services: Garage organization systems

Number of Locations: 37

Total Investment: $89K - $115K

Founded: 2000

Began Franchising: 2001

Franchise Units

Year U.S. Canadian International Company Owned
2011 31 1 5 0
2010 37 1 4 0
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Midwest, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South, South Carolina, South Dakota, Southeast, Tennessee, Texas, Utah, Virginia, Vermont, West, Washington, Wisconsin, West Virginia, Wyoming.
Franchisor is seeking new units in Africa, Australia/New Zealand, Canada, Eastern Europe, Western Europe.

Startup Costs, Ongoing Fees and Financing

Total Investment: $89,000 - $115,000
Franchise Fee: $25,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: Term of agreement not renewable
Financial Requirements
Net Worth: $1,000,000
Liquid Cash Available: $500,000
Operations
Franchise can be run from home. Absentee ownership of franchise is NOT allowed..
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

Franchise Ranking History

Franchise 500®: #483 (2011), #473 (2010),

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