The franchise offered is for the operation of customized residential garage floor coating and storage solutions, industrial floor coatings for retail stores and commercial buildings, all usingthe "GarageExperts"system and standards.
Company Background
Garage Experts is the largest and most trusted garage floor coating franchise in North America. The Garage Experts system is a customized, patented, one-of-a-kind system for residential garages that has been proven to create a safe environment for family members and pets. The company was founded with the intention of being the best solution for customers' garage needs by providing high quality products at affordable prices. Today, it's not just about offering products; it's about helping people live their lives better through improved storage solutions that save them time and money.
Franchise Opportunity
Garages are often cluttered and messy, making it difficult to find anything or to park your car. A cluttered garage can be a real pain, but it's not just an inconvenience- it can also be dangerous. Not only is it hard to find what you're looking for in a cluttered garage, but you're also at risk of injuring yourself on sharp objects or tripping over things. Garage Experts offers customized residential garage floor coating and storage solutions that will help you get your garage organized and decluttered in no time. Our system is safe and easy to use, and our products are backed by a 100% satisfaction guarantee.
Corporate Structure
Garage Experts International LLC is a California limited liability company, organized on September 22, 2008. They have offered franchises to operate “Garage Experts” businesses since December 12, 2008. They are a wholly owned subsidiary of GEI Investment Holding, LLC, a Nevada limited liability company formed on December 20, 2013. Their principal address and that of GEI and VBP is 245 Carl Karcher Way, Anaheim, California 92801.
Royalties and Marketing Fees
Royalties : You pay a monthly continuing royalty as follows: - $500 for first 6 months after the Effective Date of your Franchise Agreement; - $800/month for months 7-12; $1,200/month for months 13-18; $1,800/month thereafter.
Royalties : $500/month until our US franchisee territory count is 125 or more, then $1,000/ month
Royalties : less than 7% of your Gross Sales
Earnings Transparency
7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Financial Performance of "Single Territory Owners" Units
Average Revenue Per Unit
Compared vs. Maintenance Services Industry
$457,051 / unit
Franchise Type: Single Territory Owners
Average Revenue During 2020
$457,051
$457,051 Industry Low
$3,138,234 Industry High
Average Gross Profit Per Unit
Compared vs. Maintenance Services Industry
$191,203 / unit
Franchise Type: Single Territory Owners
Average Gross Profit During 2020
$191,203
$191,203 Industry Low
$1,536,751 Industry High
Franchisee Attrition
10 /10
This franchise's rate of attrition in 2023
of 0.00%
was
Higher
than the 0% in the Maintenance Services industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Franchise Types Available
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Type
Investment
Fees
Employee Contact Database
#
Name
Position
Phone Number
Email Address
Franchise Disclosure Documents
FDD
Effective Date
Distribution of Garage Experts Franchisees
Garage Experts Franchise System Development in 2021
FAQ
How much investment do I need to start my own Garage Experts business?
Franchisees typically require at least
$62,387 to
$150,523 investment to get their
Garage Experts business started
What are the initial franchise fees for Garage Experts?
Franchisees typically need to pay at least
$40,615 in fees directly to
Garage Experts in order to earn the right to launch their business
How much money can I make with a Garage Experts franchise? What are
the average revenues for a typical Garage Experts business?
We haven’t done the math on how much revenue a typical
Garage Experts brings in each year. We estimate that other
franchisees in the Professional Services industry generate
$457,051 revenue, so we would expect
Garage Experts to generate a similar amount
How long do I need to commit to running a Garage Experts unit? What
is my contractual commitment?
Garage Experts franchisees are typically required to sign up to a
10 year contract initially. The renewal length
is 10 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
6 /10
The Franchisor's investment costs ranges from
$49,350 to $200,750
which is
Much Lower
than the $394,936 to $895,025 average in the Maintenance Services industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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