Garage Kings specializes in garage remodeling, storage solutions, and epoxy flooring installation. The franchise delivers custom garage makeovers and maintenance services nationwide.
Key Insights
- Garage Kings offers professional garage floor coating services, transforming residential spaces with durable and aesthetically pleasing finishes. The business has a proven track record of delivering high-quality installations through a standardized operational model that ensures consistency and customer satisfaction. The franchise provides comprehensive support to its partners.
- The franchise operates through a network of trained professionals who execute a meticulous, multi-step process for preparing and coating garage floors. This system is designed for efficiency and longevity, addressing common issues like cracking and staining to create renewed functionality and visual appeal for homeowners.
- The garage enhancement sector is experiencing significant growth as homeowners increasingly view garages as extensions of their living space. Garage Kings is positioned within this expanding market, providing solutions that meet the demand for durable, attractive, and functional garage environments, contributing to property value.
Franchise Fee and Costs to Open
Exploring the financial picture of Garage Kings gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $189,493 - $238,253, along with a franchise fee of $60,000 - $60,000.
Financial Performance and Revenue
Yearly gross sales of $668,065 and estimated earnings of $93,530 - $120,252 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 2.5-4.5 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Garage Kings provides new franchisees with comprehensive initial training. This program, lasting two weeks, is conducted at Garage Kings' headquarters. Franchisees receive access to operational manuals and marketing materials. The franchisor also offers ongoing support and resources to help franchisees build their businesses. The curriculum covers product knowledge and sales techniques.
Legal Considerations
Legal considerations for a Garage Kings franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Franchisees may encounter considerations regarding local market saturation, requiring tailored marketing efforts to differentiate their services. Operational complexity, encompassing technician scheduling and project management, will demand efficient systems. A reliance on specific product suppliers for coating materials might present challenges if those supply chains experience disruptions, necessitating proactive inventory management and potential alternative sourcing.
Franchise Datasheet
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