The GarageExperts franchise provides improvements for home garages, in the form of flooring and storage. There are signs that the garage improvement industry is growing, based on the performance of areas such as flooring, and home storage is an increasingly popular industry. These elements cater to the two main uses Americans make of their garages. On the one side, cars driving in and out cause wear and tear on the floor, so new floor coatings can help to keep the space resilient and presentable. On the other side, the extra space of a garage is often used as somewhere to store things that can’t fit into the rest of the house, whether because they’re dirty or because there’s simply not enough space.
It’s an industry that’s deeply tied into the state of the housing and home renovation market, and while home construction has been faltering in some areas since the 2008 crash, in other regions it’s going strong. If you live in an area where home construction and improvements are booming then this could be a way to profit off that, especially if you’re keen to grow a large business – GarageExperts offers lower royalty rates as your revenues increase, encouraging its franchisees to think big.
In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:
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Colin started as a team member at 21 and now owns 6 locations in Tampa Bay. Lisa came from marketing and built 21 in San Diego. The most successful multi-unit owners move early and secure markets with room to grow. Use our free tool to search multiple ZIP codes and find franchises where you can still stack locations, before someone else does.Section I – Estimated initial investment (franchise costs) for a GarageExperts franchise, based on Item 7 of the company’s 2025 FDD
Section II – Initial franchise fee, royalty fee, and marketing fee for a GarageExperts franchise, based on Items 5 and 6 of the company’s 2025 FDD
Section III – Number of franchised and company-owned GarageExperts outlets at the start of the year and the end of the year for 2022, 2023, and 2024, based on Item 20 of the company’s 2025 FDD
Section IV – News updates on the GarageExperts franchise opportunity
Section V – Presentation and analysis of GarageExperts’ financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2025 FDD, including information on the:
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Every month we feature 6 standout franchises that could be the opportunity you've been looking for, each evaluated on disclosed financials and matched to the type of buyer most likely to succeed with it. Can't attend live on October 27 at 6PM EST? Register now and we'll send you the full recording the next day. Reserve your spot here.- 2024 average, median, highest, and lowest gross sales, and average gross profit after labor and cost of goods sold for the 47 single-unit GarageExperts franchise owners who operated a single territory for the entirety of 2024 that were eligible
- 2024 annual gross sales and gross profit after labor and cost of goods sold for each of the top 5 and bottom 5 (by annual gross sales) single-unit GarageExperts franchise owners who operated a single territory for the entirety of 2024 that were eligible
- 2024 average, median, highest, and lowest gross sales, and average gross profit after labor and cost of goods sold for the 18 multi-territory GarageExperts franchise owners who operated two or more territories for the entirety of 2024
- 2024 annual gross sales and gross profit after labor and cost of goods sold for each of the 18 multi-territory GarageExperts franchise owners who operated two or more territories for the entirety of 2024
Section VI – Key ratios, comparables, computations, and analyses for the GarageExperts franchise opportunity (exclusive content for Platinum subscribers)
Section I – GarageExperts Franchise Costs
- GarageExperts franchise costs, based on Item 7 of the company’s 2025 FDD:
- Initial Franchise Fee: $50,000
- Equipment, Furniture, Fixtures, and Signage: $30,000 to $35,000
- GarageExperts Vehicle(s): $1,000 to $60,000
- Computer Hardware and Software: $2,500 to $5,000
- Cellular Phone and a Mobile Wireless Hotspot: $300 to $500
- Wages, Travel, and Living Expenses During Training: $2,500 to $10,000
- Leasing Costs: $1,000 to $2,500
- Advertising: $5,000 to $15,000
- Insurance Deposits and Premiums: $200 to $1,000
- Licenses and Permits: $500 to $1,500
- Professional Fees: $2,500 to $5,000
- Miscellaneous Supplies: $100 to $500
- Additional Funds for 3 Months: $20,000 to $40,000
- Total Estimated GarageExperts Franchise Costs: $115,600 to $226,000
Section II – GarageExperts’ Initial Franchise Fee, Royalty Fee, and Marketing Fee
- GarageExperts’ initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2025 FDD:
- Initial Franchise Fee: $50,000 (Standard Territory), $35,000 (Micro-Territory)
- Continuing Royalty: 6% of Gross Sales each month subject to the following minimum amounts: Months 1-6 after the effective date of the Franchise Agreement: $500 (Standard Territory), $250 (Micro-Territory); Months 7-12 after the effective date of the Franchise Agreement: $750 (Standard Territory), $500 (Micro-Territory); Months 13 and beyond after the effective date of the Franchise Agreement: $1,500 (Standard Territory), $1,000 (Micro-Territory)
- If your year-to-date Gross Sales meet the thresholds set forth below, then you will pay the corresponding reduced Royalty: Threshold 1 ($0 to $750,000): 6% of Gross Sales; Threshold 2 ($750,000.01 to $1,500,000): 5% of Gross Sales; Threshold 3 ($1,500,000.01+): 4% of Gross Sales
- National Advertising Fee: 1.5% of Gross Sales each month subject to the following minimum amounts: Months 1-6 after the effective date of the Franchise Agreement: $125 (Standard Territory), $100 (Micro-Territory); Months 7-12 after the effective date of the Franchise Agreement: $250 (Standard Territory), $200 (Micro-Territory); Months 13 and beyond after the effective date of the Franchise Agreement: $500 (Standard Territory), $300 (Micro-Territory)
- Local Advertising: during each calendar quarter, you shall expend an amount equal to not less than 6% of your Gross Sales for the preceding calendar quarter for permitted local advertising and promotion related to the Franchised Business
Section III – Number of Franchised and Company-Owned GarageExperts Outlets
Franchised
2022
- Outlets at the Start of the Year: 99
- Outlets at the End of the Year: 106
- Net Change: +7
2023
- Outlets at the Start of the Year: 106
- Outlets at the End of the Year: 104
- Net Change: -2
2024
- Outlets at the Start of the Year: 104
- Outlets at the End of the Year: 104
- Net Change: 0
Company-Owned
2022
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When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code to see which franchises are still available near you, saving you months of wasted research.📈Dreaming of Multi‑Unit Success? Lock In Prime Territories Before They're Gone.
Colin started as a team member at 21 and now owns 6 locations in Tampa Bay. Lisa came from marketing and built 21 in San Diego. The most successful multi-unit owners move early and secure markets with room to grow. Use our free tool to search multiple ZIP codes and find franchises where you can still stack locations, before someone else does.- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- Net Change: 0
2023
- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- Net Change: 0
2024
- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- Net Change: 0
Section IV – News Updates on the GarageExperts Franchise
Section V – Financial Performance Representations (Average Revenues and/or Profits) for the GarageExperts Franchise (Item 19, 2025 FDD)
Part 1 – 2024 Average Annual Gross Sales for Single-Territory Owners
- In Part 1, GarageExperts sets forth 2024 data for Annual Gross Sales for its 47 single-unit franchise owners who operated a single territory for the entirety of 2024 that were eligible. As of December 31, 2024, GarageExperts had 60 single-territory owners of which 47 met the criteria for inclusion in the data below (the others opened part way through the year and 7 outlets did not provide data as requested to be included).
- Average Annual Gross Sales: $632,445
- Average Gross Profit After Labor and Cost of Goods Sold: $301,214
- Median Annual Gross Sales: $566,116
- Highest Annual Gross Sales: $1,738,121
- Lowest Annual Gross Sales: $119,862
- Number of Outlets That Attained or Surpassed the Median Annual Gross Sales: 24
- Percentage of Outlets That Attained or Surpassed the Median Annual Gross Sales: 51%
Top 5 Outlets (Annual Gross Sales)
Outlet 1
- Annual Gross Sales: $1,738,121
- Gross Profit After Labor and COGS: $865,967
- Gross Profit as a Percent of Gross Sales: 50%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 1
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 2%
Outlet 2
- Annual Gross Sales: $1,618,380
- Gross Profit After Labor and COGS: $660,871
- Gross Profit as a Percent of Gross Sales: 41%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 2
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 4%
Outlet 3
- Annual Gross Sales: $1,597,664
- Gross Profit After Labor and COGS: $761,796
- Gross Profit as a Percent of Gross Sales: 48%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 3
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 6%
Outlet 4
- Annual Gross Sales: $1,468,828
- Gross Profit After Labor and COGS: $644,460
- Gross Profit as a Percent of Gross Sales: 44%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 4
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 8%
Outlet 5
- Annual Gross Sales: $1,354,232
- Gross Profit After Labor and COGS: $573,002
- Gross Profit as a Percent of Gross Sales: 42%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 5
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 10%
Bottom 5 Outlets (Annual Gross Sales)
Outlet 43
- Annual Gross Sales: $241,596
- Gross Profit After Labor and COGS: $177,392
- Gross Profit as a Percent of Gross Sales: 73%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 43
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 91%
Outlet 44
- Annual Gross Sales: $218,184
- Gross Profit After Labor and COGS: $122,321
- Gross Profit as a Percent of Gross Sales: 56%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 44
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 94%
Outlet 45
- Annual Gross Sales: $200,470
- Gross Profit After Labor and COGS: $119,133
- Gross Profit as a Percent of Gross Sales: 59%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 45
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 96%
Outlet 46
- Annual Gross Sales: $123,875
- Gross Profit After Labor and COGS: $87,371
- Gross Profit as a Percent of Gross Sales: 71%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 46
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 98%
Outlet 47
- Annual Gross Sales: $119,862
- Gross Profit After Labor and COGS: $34,980
- Gross Profit as a Percent of Gross Sales: 29%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 47
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 100%
Part 2 – 2024 Average Annual Gross Sales for Multi-Territory Owners
- In Part 2, GarageExperts sets forth 2024 data for Annual Gross Sales for its 18 multi-territory franchise owners who operated two or more territories for the entirety of 2024. As of December 31, 2024, GarageExperts had 19 multi-territory owners of which 18 met the criteria for inclusion in the data below:
- Average Annual Gross Sales: $1,373,024
- Average Gross Profit After Labor and Cost of Goods Sold: $661,675
- Median Annual Gross Sales: $1,256,483
- Highest Annual Gross Sales: $2,444,735
- Lowest Annual Gross Sales: $472,233
- Number of Outlets That Attained or Surpassed the Median Annual Gross Sales: 9
- Percentage of Outlets That Attained or Surpassed the Median Annual Gross Sales: 50%
Individual Results for Each of the 18 Multi-Territory Owners
Outlet 1
- Number of Territories Owned: 3
- Annual Gross Sales: $2,444,735
- Gross Profit After Labor and COGS: $1,204,167
- Gross Profit as a Percent of Gross Sales: 49%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 1
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 6%
Outlet 2
- Number of Territories Owned: 4
- Annual Gross Sales: $2,424,372
- Gross Profit After Labor and COGS: $1,112,809
- Gross Profit as a Percent of Gross Sales: 46%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 2
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 11%
Outlet 3
- Number of Territories Owned: 2
- Annual Gross Sales: $2,313,022
- Gross Profit After Labor and COGS: $832,283
- Gross Profit as a Percent of Gross Sales: 36%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 3
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 17%
Outlet 4
- Number of Territories Owned: 2
- Annual Gross Sales: $1,711,752
- Gross Profit After Labor and COGS: $1,003,636
- Gross Profit as a Percent of Gross Sales: 59%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 4
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 22%
Outlet 5
- Number of Territories Owned: 2
- Annual Gross Sales: $1,555,494
- Gross Profit After Labor and COGS: $959,611
- Gross Profit as a Percent of Gross Sales: 62%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 5
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 28%
Outlet 6
- Number of Territories Owned: 3
- Annual Gross Sales: $1,492,577
- Gross Profit After Labor and COGS: $801,710
- Gross Profit as a Percent of Gross Sales: 54%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 6
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 33%
Outlet 7
- Number of Territories Owned: 2
- Annual Gross Sales: $1,409,975
- Gross Profit After Labor and COGS: $617,194
- Gross Profit as a Percent of Gross Sales: 44%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 7
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 39%
Outlet 8
- Number of Territories Owned: 3
- Annual Gross Sales: $1,401,275
- Gross Profit After Labor and COGS: $585,067
- Gross Profit as a Percent of Gross Sales: 42%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 8
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 44%
Outlet 9
- Number of Territories Owned: 2
- Annual Gross Sales: $1,291,863
- Gross Profit After Labor and COGS: $766,423
- Gross Profit as a Percent of Gross Sales: 59%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 9
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 50%
Outlet 10
- Number of Territories Owned: 2
- Annual Gross Sales: $1,221,102
- Gross Profit After Labor and COGS: $426,102
- Gross Profit as a Percent of Gross Sales: 35%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 10
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 56%
Outlet 11
- Number of Territories Owned: 2
- Annual Gross Sales: $1,194,058
- Gross Profit After Labor and COGS: $602,915
- Gross Profit as a Percent of Gross Sales: 50%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 11
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 61%
Outlet 12
- Number of Territories Owned: 2
- Annual Gross Sales: $1,170,086
- Gross Profit After Labor and COGS: $509,723
- Gross Profit as a Percent of Gross Sales: 44%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 12
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 67%
Outlet 13
- Number of Territories Owned: 2
- Annual Gross Sales: $1,059,142
- Gross Profit After Labor and COGS: $515,142
- Gross Profit as a Percent of Gross Sales: 49%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 13
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 72%
Outlet 14
- Number of Territories Owned: 2
- Annual Gross Sales: $978,629
- Gross Profit After Labor and COGS: $448,586
- Gross Profit as a Percent of Gross Sales: 46%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 14
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 78%
Outlet 15
- Number of Territories Owned: 2
- Annual Gross Sales: $976,105
- Gross Profit After Labor and COGS: $510,609
- Gross Profit as a Percent of Gross Sales: 52%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 15
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 83%
Outlet 16
- Number of Territories Owned: 3
- Annual Gross Sales: $953,915
- Gross Profit After Labor and COGS: $493,117
- Gross Profit as a Percent of Gross Sales: 52%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 16
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 89%
Outlet 17
- Number of Territories Owned: 3
- Annual Gross Sales: $644,101
- Gross Profit After Labor and COGS: $326,074
- Gross Profit as a Percent of Gross Sales: 51%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 17
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 94%
Outlet 18
- Number of Territories Owned: 2
- Annual Gross Sales: $472,233
- Gross Profit After Labor and COGS: $194,989
- Gross Profit as a Percent of Gross Sales: 41%
- Number of Outlets That Attained or Surpassed the Annual Gross Sales: 18
- Percentage of Outlets That Attained or Surpassed the Annual Gross Sales: 100%
- “Gross Sales” means the total of all revenues received or receivable by the franchisee as payment, whether in cash, by debit card, or for credit or barter or other means of exchange (and, if for credit or barter, whether or not payment is received therefor), on account of any and all goods, merchandise, services, and supplies sold by the Franchised Business, or which are promoted or sold by the franchisee under any of the Marks, whether or not GarageExperts offers such services or products in its other locations, including:
- (a) revenues from sales of any nature or kind whatsoever, derived by the franchisee or by any other person or Business Entity (including the franchisee’s affiliate(s)) from the Franchised Business;
- (b) sales of Authorized Products and Services in contravention of the Franchise Agreement from businesses other than the Franchised Business;
- (c) the proceeds of any business interruption insurance, after the satisfaction of any applicable deductible;
- (d) mail or telephone orders received or filled in or from the Franchised Business; and
- (e) orders taken in or from the Franchised Business although filled or performed elsewhere.
- Notwithstanding the foregoing, “Gross Sales” shall exclude the following:
- (i) sums representing sales taxes collected directly from customers by the franchisee in the operation of the Franchised Business, and any sales, value added or other tax, excise, or duty charged to customers which is levied or assessed against the franchisee by any Federal, state, municipal, or local authority, based on sales of specific goods, merchandise, services, and supplies sold at, from, or in connection with the Franchised Business, provided that such taxes are actually transmitted to the appropriate Governmental Authority;
- (ii) sums representing tips, gratuities, or service charges paid directly by customers to employees of the franchisee or paid to the franchisee and promptly and to the extent turned over to such employees by the franchisee in lieu of direct tips or gratuities; and
- (iii) proceeds from isolated sales of equipment and trade fixtures not constituting any part of the franchisee’s products and services offered in connection with the Franchised Business nor having any material effect upon the ongoing operation of the Franchised Business required under the Franchise Agreement.
- “Cost of Goods Sold and Labor Costs Calculation Method Used” is defined as purchases made from the primary vendor that was reported using purchase history specific to each franchise location for coating products, cabinet and storage products, and sundry items. Does not include incidental purchases made from non-approved vendors. Owner compensation was not included as a labor expense in the calculation.
- “Gross Profit After Labor and Cost of Goods Sold” means Annual Gross Sales less any labor costs and material costs such as liquid coatings, cabinets, storage products, and sundry items.
- “Gross Profit as a Percentage of Gross Sales” was calculated by dividing Gross Profit After Labor and Cost of Goods Sold into Annual Gross Sales.
- “Average Gross Profit after Labor and Costs of Goods Sold” was calculated through owner reported revenue less franchisee reported labor expenses and product purchases from the primary vendor.
- Some outlets have earned this amount. Your individual results may differ. There is no assurance you will earn as much.
Section VI – GarageExperts Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️
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