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- 2022 Franchise 500 Rank
N/R Ranked #367 last year
- Initial investment
$54K - $148K
- Units as of 2021
102 54.5% over 3 years
More from GarageExperts
The GarageExperts Difference
A proven, innovative business model: For new GarageExperts franchise owners, the goal is to be profitable within the first year. With no inventory stocking requirements, GarageExperts’ franchise owners can maintain low overhead and free up capital. Instead of keeping heavy inventory that is left on a shelf collecting dust, GarageExperts is set up for franchise owners to order materials by the job. Its manufacturing facilities provide a quick turnaround time on shipments, meaning less time franchise owners are stuck waiting to get on the floor. Having that extra cash on hand allows GarageExperts franchise owners to invest in their marketing and other business operations to drive their growth.
Low, fixed royalties: Typically growing a franchise means more money is paid towards royalties. However, that is not the case with GarageExperts. Rather than having franchise owners pay more towards royalties, GarageExperts emphasizes the importance of investing into their own business to achieve more growth and success, offering a fixed royalty schedule that starts at $500 per month. After all, the success of GarageExperts is derived from the success of its franchise owners.
End-to-end mobile business solutions: As technology is constantly changing, it’s easy to get stuck with old business practices. With an in-house IT team, GarageExperts is focused on growing with technology. By staying on the leading edge, GarageExperts uses technology to streamline its business practices, offer more mobile solutions in the field and improve the customer experience. GarageExperts has developed a mobile CRM system that allows franchise owners to run their business on-the-go instead of behind a desk. Sending estimates, taking payments and managing communication are just a few of the features the system has to offer. With more advances to technology, GarageExperts will continue to innovate its practices.
Strong community of driven entrepreneurs: While GarageExperts’ internal support team is dedicated to helping franchise owners reach the next level, it also has a network of driven entrepreneurs that work together to gain even more knowledge. In fact, one of GarageExperts’ franchise owners said that GarageExperts’ network “provides an invaluable wealth of knowledge and experience that new franchise owners can tap into for technical questions and support.” Some may find entering the garage makeover space daunting if they do not have previous experience. However, new GarageExperts franchise owners learn rather quickly that support comes in from many sides. From in-house product technical support and training to a supportive network of experienced franchise owners, GarageExperts can pass on extensive learned-in-the-field knowledge to new franchise owners before they step onto their first floor.
At the end of the day, GarageExperts was founded to empower entrepreneurs to achieve their greatest potential. Between regularly scheduled business meetings and focus groups with other franchise owners, GarageExperts focuses on helping its entrepreneurs uncover their business potential to allow them to maximize profits. This focus is what drives the success of GarageExperts’ franchise owners.
- Franchising Since
- 2008 (14 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Missouri, Mississippi, Montana, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, West Virginia, Wyoming
- # of Units
- 102 (as of 2021)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a GarageExperts franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $53,947 - $147,869
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- 10% off franchise fee
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 5 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- GarageExperts has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- Classroom Training
- 35.5 hours
- Additional Training
- Ongoing Support
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresField OperationsProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Ad TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail Marketing
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- # of employees required to run
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Franchise 500 Ranking History
Compare where GarageExperts landed on this year’s Franchise 500 Ranking versus previous years.
Curious to know where GarageExperts ranked on other franchise lists? Find out below.
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