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Description

How To Open a Garage Experts Franchise?

To begin your journey as a Garage Experts franchisee, you will need to fill out an ownership application. Following this, you will receive an executive summary that outlines the business model and operations. If you progress through the evaluation process, you may be invited for an initial phone interview, followed by in-person meetings and possibly a discovery day at the corporate headquarters in Grapevine, Texas. Here, you can meet existing franchisees and learn more about the brand before being awarded your franchise location.

What Are the Costs Involved in Starting a Garage Experts Franchise?

The total investment to start a Garage Experts franchise ranges from approximately $102,932.45 to $198,682.45. This includes an initial franchise fee of $50,000, which is non-refundable once paid. Additional costs may include equipment and supplies from their affiliate, Versatile High-Performance Coatings, LLC, estimated at around $22,622, along with other expenses for vehicles, computer systems, and initial marketing efforts. Franchisees should also budget for ongoing costs such as royalty fees, which are structured to increase over time, starting at $500 for the first six months and reaching 6% of gross revenue thereafter.

Why You May Want to Start a Garage Experts Franchise?

Garage Experts specializes in providing customized garage floor coatings and storage solutions, which meet the needs of both residential and commercial customers. The business model is designed for year-round sales, making it a potentially stable investment. If you have a passion for home improvement and customer service, this franchise may be a good fit. The company offers comprehensive training and support, allowing even those without prior experience in the industry to succeed. Additionally, franchisees have access to a mobile business application tool to streamline operations and customer management.

Is Owning a Garage Experts Franchise Right for You?

Operating a Garage Experts franchise requires dedication and an understanding of the garage improvement market. Franchisees must be willing to comply with operational standards and invest in marketing to build their customer base. The franchise system has a growing presence, with 107 outlets as of the end of 2023. If you are ready to embrace the challenges and opportunities of this industry, Garage Experts could be a rewarding venture.

Garage Experts Franchise Financial Requirements

Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.

A broad sector defining similar types of franchise businesses.

Industry

Home Based Franchises
A more specific division within the broader industry.

Category

Home Repair Services
Available financing options to help start the franchise.

Funding Year

2008
The main organization that owns the franchise brand.

Parent Company

Garage Experts International LLC
The key individuals guiding the franchise’s strategy and growth.

Leadership

Mike Meursing
The official business address of the franchisor’s headquarters.

Corporate Address

1051 Mustang Drive, Suite 100, Grapevine, Texas 76051
The total amount required to launch the franchise.

Initial Investment

$102,932 - $198,682.45
The initial fee paid to join the franchise system.

Franchise Fee

$50,000
Ongoing percentage of revenue paid to the franchisor.

Royalty Fee

6%
Regular contribution toward the franchise’s advertising fund.

Marketing Fee

500%
The minimum liquid capital you must have on hand.

Cash Required

$102,932 - $198,682
The minimum total assets (minus liabilities) you must possess.

Net Worth Required

$300,000 - $600,000
The typical yearly revenue generated per franchise location.

Average Revenue

$609,775
The middle value of yearly revenue among franchise locations.

Median Revenue

$1,351,035
The smallest reported annual revenue among franchisees.

Lowest Revenue

$107,591
The largest reported annual revenue among franchisees.

Highest Revenue

$2,204,482
The estimated timeframe to recover your initial costs.

Breakeven Time

12 Months
The estimated period to recoup your total investment.

Investment Payback

22 Months

Garage Experts Franchise Unit Growth Summary

A breakdown of corporate, franchised, and total units, with yearly net changes shown in the chart and table.

The overall number of operating franchise locations.

Total Units

107
The number of locations owned by independent franchisees.

Franchised Units

107
The number of locations owned and run by the franchisor.

Corporate Units

0
Units 2021 2022 2023
Total Units 96 101 107
Net Change YoY 5 6
Franchised Units 96 101 107
Net Change YoY 5 6
Corporate Units 0 0 0
Net Change YoY 0 0

Company Background

Garage Experts is a leading franchise specializing in the installation of epoxy flooring and storage solutions for residential garages. Founded in 2004, the brand has gained a strong foothold in the home improvement industry, offering a range of services that enhance the functionality and aesthetics of garages. With a commitment to quality and customer satisfaction, Garage Experts has expanded its footprint across North America, providing innovative solutions tailored to homeowners’ needs.

Franchise Opportunity

Investing in a Garage Experts franchise presents a unique opportunity for entrepreneurs looking to enter the booming home improvement market. With a proven business model, comprehensive training, and ongoing support, franchisees can leverage the brand's established reputation to build a successful business. The growing demand for garage remodeling and organization solutions makes this franchise a timely and lucrative investment for prospective franchisees.

Corporate Structure

Garage Experts operates as a corporation under the name Garage Experts, Inc., with its headquarters located in the United States. The company was founded to provide high-quality garage solutions, ensuring that franchisees benefit from a robust support system and a strong brand identity. The corporate team is dedicated to helping franchise owners achieve operational success through effective training and marketing strategies.

Royalties

Garage Experts requires franchisees to pay a royalty fee of 6% of gross sales. Additionally, there is an advertising fee of 2% of gross sales, which contributes to national marketing initiatives designed to enhance brand visibility and drive customer traffic to franchise locations. These fees ensure that franchisees benefit from a well-supported marketing framework while contributing to the overall growth of the brand.

Company Mission

The mission of Garage Experts is to transform garages into organized, functional spaces that enhance the homeowner's lifestyle. The company aims to provide top-quality products and exceptional service, ensuring customer satisfaction at every stage of the project. By focusing on innovation and quality craftsmanship, Garage Experts strives to be the leading provider of garage solutions, making every garage a place of pride for homeowners.

Brand Story

Garage Experts began its journey with a vision to elevate the often-overlooked garage space into a valuable extension of the home. Over the years, the brand has developed a reputation for excellence in epoxy flooring and custom storage solutions, driven by a passion for quality and customer service. As the franchise continues to expand, it remains committed to helping homeowners realize the full potential of their garages, making them functional and aesthetically pleasing spaces that complement the rest of their homes.

Frequently Asked Questions

The initial investment to open a Garage Experts franchise typically ranges from $102,932 to $198,682. This includes the initial franchise fee, equipment, signage, and other startup costs related to establishing the business.