Premiergarage is a mobile business specializing in the design, sale, and installation of garage organizing units and flooring. The franchise provides tailored storage solutions to transform residential and commercial garages into organized spaces.
Key Insights
- Premiergarage 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.
- Continuous improvement processes incorporate client feedback and industry developments to enhance service offerings and operational effectiveness while maintaining the core values and quality standards that distinguish the business from competitors in the marketplace.
- Market consolidation trends benefit established brands with proven systems and operational expertise, creating opportunities for growth and expansion while rewarding businesses that have demonstrated consistent quality and customer satisfaction over time.
Franchise Fee and Costs to Open
Exploring the financial picture of Premiergarage 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 $186,730 - $284,250, along with a franchise fee of $19,950 - $19,950.
Financial Performance and Revenue
Yearly gross sales of $217,586 and estimated earnings of $30,463 - $39,166 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 7.3-9.3 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
Premiergarage provides comprehensive training to new franchisees. This initial training is a six-day program conducted at our corporate headquarters. Premiergarage offers extensive resources covering operations, sales, and marketing strategies. Additionally, the franchisor recommends ongoing support and access to a digital resource library to aid in business development.
Legal Considerations
Legal considerations for a Premiergarage 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 may encounter challenges related to establishing a strong local presence amidst existing competitors offering similar services. Managing diverse customer needs and ensuring consistent service quality across all projects introduces operational complexity. Furthermore, dependence on particular suppliers for materials and equipment requires proactive management to maintain inventory and project timelines.
Franchise Datasheet
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