GARAGE UP operates a business specializing in garage renovations. The franchise focuses on transforming garages with customized storage solutions and other home improvement services.
Key Insights
- GARAGE UP emerged when founders recognized significant opportunities to transform traditional service delivery methods within their market, developing innovative approaches that addressed specific customer pain points and established new standards for quality and reliability in the industry.
- Project management coordinates resources, timelines, and deliverables to meet deadlines and quality standards without compromising service quality, utilizing proven systems and communication protocols that ensure successful outcomes and client satisfaction.
- Economic factors support increased consumer spending on services that improve quality of life and provide convenience, creating growth opportunities for businesses that can deliver value while adapting to changing economic conditions and customer priorities.
Franchise Fee and Costs to Open
Exploring the financial picture of GARAGE UP 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 $99,750 - $137,000, along with a franchise fee of $49,000 - $49,000.
Financial Performance and Revenue
Training and Resources
Tiki Pub provides comprehensive initial training for new franchisees. This program lasts for two weeks and is conducted at Tiki Pub's corporate headquarters. The franchisor offers operational guidance, marketing strategies, and access to a digital resource library. Tiki Pub recommends utilizing these resources for a smooth launch and ongoing success.
Legal Considerations
Legal considerations for a GARAGE UP 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 Tiki Pub franchise presents considerations regarding navigating local beverage and entertainment markets, where established establishments may hold consumer loyalty. Managing inventory for specialized ingredients and diverse beverage offerings adds operational complexity. The franchise's reliance on specific suppliers for unique decor and ingredients could pose challenges if these supply chains encounter disruptions.
Franchise Datasheet
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