Garage Kings Franchise Analysis
Garage Kings is graded based on our most recent FDD research!
Franchise Opportunity Info
What are the requirements to buy a Garage Kings franchise?
Garage Kings has a franchise fee of up to $18,000, with a overall initial investment range of $97,750 to $231,500.
- Initial Franchise Fee: $18,000
- Total Investment: $97,750 to $231,500
- Working Capital: $8,000 to $24,000
- Royalty Fee: N/A
The initial investment of any franchise opportunity includes many fees. Check out this franchise opportunity to better understand the specific costs required to purchase a Garage Kings, such as franchise fees, leasehold improvement costs, grand opening marketing, and furniture and fixtures purchases. It should be noted that, franchise companies must to provide you with details about all initial fees. These are not only fees that are actually paid, but also commitments to fees you are required to pay.
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How much can I earn by owning a Garage Kings franchised business?
As with any new franchise, the franchise owner's salary and the profits from a Garage Kings business depends on a lot of different factors. One way to validate the potential revenues or profits earned from a Garage Kings franchise investment is to analzye the franchisor's Item 19 within their Franchise Disclosure Document. Usually, earnings and owner's income are correspond to the size of the investment and number of locations you purchase. Demand for your products, the labor costs, commercial lease rates and a number of other variables also play a huge role in your profit margin and your personal salary
For more details and system-specific data on the profits of a Garage Kings franchise opportunity, unlock this franchise
How many franchise outlets do they own?
As of the 2020 Franchise Disclosure Document, there are 22 franchised Garage Kings locations across the USA.
Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.
Are there any Garage Kings franchise opportunities in my city?
Based on 2020 FDD research, Garage Kings has franchise locations in 12 states. There could be no locations in several states as each franchise plans their development strategy differently. Certain states require franchise companies to register their franchise opportunity and file their Franchise Disclosure Document (FDD) with state examiners prior to offering franchise opportunities to people residing in that state. These registration states have examiners review a franchisor's FDD to ensure it satisfies state regulatory conditions. In addition to registration states, some other states have enacted supplemental franchise or business opportunity laws that mandate franchise companies to file their franchise within the state. In almost all instances the filing is a notice within the state. Unlike franchise registration states, the franchise filing states do not examine the FDD.
Based on the data collected this franchise is expanding into new regions and might be available near you.
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Last Reviewed: 2020
Sector: Commercial and Residential Services
Category: Flooring
Garage Kings Franchise INFORMATION
5 Years
5 Years
0
22
N/A
0.0%
FAQS
Does this opportunity provide any initial training and opening assistance?
Yes, they have an initial training program of 51 hours. This includes 20 hours of classroom training, 31 hours of on-the-job training, and 0 hours of online training. In their FDD they outline who's in charge of the training. Unlock to find out more.
| Online | 0 |
|---|---|
| On-the-Job | 31 |
| Classroom | 20 |
| Total | 51 |
Does this opportunity offer Territory Protections?
Garage Kings offers territory protections. For an explanation of territory rights, unlock this franchise for important details.
Do they have marketing and technology support in place?
No, Garage Kings does NOT offer comprehensive support for franchisees.
When did they begin franchising?
They began franchising in 2013. The average Flooring franchise began franchising in 2007.
Do they offer financing options?
Yes. They offer certain financing options within Item 10 of their FDD.
Unlock this opportunity for instant access to our research findings, including:
- Growth analysis
- Turnover analysis
- Financial details
- Initial and renewal terms
- Royalties and ongoing fees
- Key Franchise FAQs
- Our grade and free access to consult with a franchising expert
- What are the historical franchisee revenues?
- Does this brand provide Veteran or First Responder discounts?
- Does this brand use public figures to promote their franchise?
- Does this brand disclose any bankruptcies?
- Is this brand affiliated with any other franchise opportunities or private equity investment groups?
- How many new locations have they sold in the last 5 years?
- How many franchised locations have closed in the last 5 years?
- How many new outlets have they sold in the last 5 years?
- How many franchised locations have terminated in the last 5 years?
- Does this brand operate any corporate or affiliate owned locations?
- How long is their initial and renewal term lengths?
- How does the franchisor avoid litigation and lawsuits?
- How long has the franchisor been in business?
- Are they actively selling franchises in the US?
- How often are royalties and advertising fees paid to the franchisor?
- How are territories defined?
- What is the role of technology in the operation of the franchise?
- Why has new franchisee growth been so low?
- What is the net worth and liquid capital required to be approved as a franchisee in this brand?
- Are you required to work as an owner-operator or is this a passive franchise opportunity?
- Will they refund any upfront fees under certain circumstances?