GarageTek Inc.
At a Glance
Products & Services: Garage organization systems
Number of Locations: 37
Total Investment: $89K - 115K
Founded: 2000
Began Franchising: 2001
Private Owned
Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2011 | 31 | 1 | 5 | 0 |
| 2010 | 37 | 1 | 4 | 0 |
| 2009 | 37 | 0 | 4 | 0 |
| 2008 | 45 | 2 | 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.
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
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 |
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| Equipment | ||
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