ShelfGenie is a home organization business specializing in custom shelving and storage solutions. The franchise offers personalized design and installation of storage systems for residential and commercial spaces.
Key Insights
- ShelfGenie has a history of providing customized storage solutions to homeowners, transforming cluttered spaces into functional and organized environments through innovative, pull-out shelving systems designed to fit individual needs and existing cabinetry.
- The franchise operates on a direct-to-consumer model, engaging clients through in-home consultations to assess their storage challenges and offer personalized design recommendations, followed by professional installation of their unique product offerings.
- The business operates within the home improvement sector, catering to a growing consumer demand for efficient and accessible organization solutions that enhance the usability and value of residential properties.
Franchise Fee and Costs to Open
Exploring the financial picture of ShelfGenie 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 $55,300 - $100,300, along with a franchise fee of $35,000 - $35,000.
Financial Performance and Revenue
Yearly gross sales of $114,950 and estimated earnings of $16,094 - $20,691 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 4.7-6.7 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
ShelfGenie provides comprehensive training for new franchisees. This initial program includes an intensive eight-day session held at their headquarters. ShelfGenie offers a robust operational manual and ongoing support resources. They also recommend utilizing their established marketing strategies and lead generation systems to build their business.
Legal Considerations
Legal considerations for a ShelfGenie 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
Franchisees may encounter challenges such as differentiating from established local custom storage solutions or competing installers. Managing installation schedules and ensuring consistent quality across projects requires strong organizational skills. Reliance on specific product suppliers for shelving materials and hardware also warrants attention for maintaining inventory and project timelines.
Franchise Datasheet
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