Garage Living transforms garages into functional living spaces with custom organization and finishing solutions. The franchise leads the garage makeover industry with innovative designs.
Key Insights
- Garage Living was created to bring much-needed innovation and professional standards to an industry that required modernization, focusing on developing scalable systems and processes that ensure consistent quality while adapting to local market conditions and customer preferences.
- Restoration techniques combine traditional craftsmanship skills with modern materials and equipment to achieve lasting, high-quality results that meet or exceed original property conditions, utilizing industry best practices and proven methods for optimal outcomes.
- Consumer education and awareness drive increasing demand for higher quality and more specialized service options, benefiting businesses that can demonstrate expertise, reliability, and value while building trust through consistent performance and professional service delivery.
Franchise Fee and Costs to Open
Exploring the financial picture of Garage Living 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 $244,450 - $321,650, along with a franchise fee of $60,000 - $60,000.
Financial Performance and Revenue
Yearly gross sales of $1,425,714 and estimated earnings of $171,086 - $213,858 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 2.0-4.0 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 Living provides new franchisees with comprehensive training and resources. Initial training lasts for three weeks and is conducted at the franchisor's headquarters. This program offers a deep dive into operational best practices, sales techniques, and brand standards. Garage Living also offers ongoing support and access to a robust resource library.
Legal Considerations
Legal considerations for a Garage Living 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
A franchisee in the Home & Building Services sector, mirroring a Garage Living model, might encounter challenges related to understanding local market nuances and the level of competition from established or emerging service providers. The operational complexity of managing installations, customer expectations, and a skilled workforce requires consistent attention. Furthermore, ensuring the reliability of specific material supply chains can impact project timelines and customer satisfaction.
Franchise Datasheet
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