Granite Garage Floors markets and installs residential garage floor coating systems designed to look and last like granite. The franchise provides durable and aesthetically pleasing flooring solutions.
Key Insights
- Granite Garage Floors was founded on core principles that quality service should be both accessible and reliable for all customers, establishing operational frameworks that ensure consistent delivery while maintaining flexibility to adapt to individual needs and preferences.
- Emergency response protocols enable rapid deployment of trained technicians to minimize additional property damage through immediate assessment and protective measures, providing property owners with peace of mind during stressful situations while beginning restoration work promptly.
- Industry trends favor businesses that can adapt quickly to changing regulations, customer preferences, and market conditions while maintaining quality standards, creating competitive advantages for organizations that invest in training, technology, and customer-focused service approaches.
Franchise Fee and Costs to Open
Exploring the financial picture of Granite Garage Floors 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 $227,367 - $390,367, along with a franchise fee of $60,000 - $60,000.
Financial Performance and Revenue
Yearly gross sales of $476,492 and estimated earnings of $57,180 - $71,474 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 5.3-7.3 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
Granite Garage Floors provides comprehensive training for new franchisees. This initial training offers hands-on experience and covers all operational aspects. The program is five days long and is conducted at the franchisor's headquarters. Granite Garage Floors also provides access to a robust library of resources and marketing materials to support business development. The franchisor offers ongoing operational support and a national online presence.
Legal Considerations
Legal considerations for a Granite Garage Floors franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Operating a Granite Garage Floors franchise involves considerations like navigating local market saturation with other flooring providers, managing the operational intricacies of specialized installation processes, and maintaining a consistent supply of proprietary materials. Understanding these elements is key to success.
Franchise Datasheet
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