Garage Living
Garage renovation products and services- 2023 Franchise 500 Rank
-
#433Not ranked last year
- Initial investment
-
$222K - $305K
- Units as of 2022
-
40 100.0% over 3 years
Company Overview
关于车库生活
- Industry
- Home Improvement
- Founded
- 2005
- Parent Company
- Garage Living Franchise Systems Inc.
- Leadership
- Aaron Cash, President & Cofounder
- Corporate Address
-
201 Chrislea Rd.
Vaughan, ON L4L8N6
Business Overview
- 弗兰chising Since
- 2014(9 years)
- # of employees at HQ
- 40
- Where seeking
-
This company is offering new franchisees throughout the US.
This company is offering new franchisees in the following international regions: Australia/New Zealand, Canada
- # of Units
- 40(as of 2022)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Garage Living franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $60,000
- Initial Investment
- $221,750 - $305,000
- Net Worth Requirement
- $500,000
- Cash Requirement
- $150,000
- Royalty Fee
- 6.5%
- Ad Royalty Fee
- 2%
- Term of Agreement
- 5 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Garage Living has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
弗兰chisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 80 hours
- Classroom Training
- 47 hours
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary Software弗兰chisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail Marketing
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- Are exclusive territories available?
- Yes
Interested in ownership opportunities like Garage Living? Request a free consultation with a Franchise Advisor now.
特许经营500年排名History
Compare where Garage Living landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
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