How Much Does It Cost to Open A Garage Kings Franchise?
A low Garage King Franchise cost makes your dream more affordable than you may think
There’s a reason why Garage Kings is a fast-growing epoxy flooring business in the U.S. and Canada — we make it easy for entrepreneurs to own a business by keeping the Garage Kings franchise cost low. In fact, helping entrepreneurs leave the corporate world behind is the very reason we created this business in the first place. Because of that, it should come as no surprise that Garage Kings is one of the most affordable franchises to own in the home remodeling industry.
The total investment to begin operations with Garage Kings ranges from $97-250 – $241,500. This low cost of entry includes everything you need to get started, including equipment, products, training, plugging into our proven marketing support and more.
What do I get for my franchise fee? You get our unwavering commitment to help your business thrive. We provide a call-center to answer your phones, keep you organized, and keep ongoing costs low. We provide a full suite of marketing support, including lead-generation services and local marketing support to establish your own online footprint. We also provide ongoing coaching, training and mentorship to support your business beginning from day one.
Garage Kings is Now Even More Affordable with Financing
Owning a business shouldn’t break the bank, and now Garage Kings is even more affordable with financing options through our partnership with Guidant Financial. Getting pre-qualified only takes two minutes, and your instant results will include:
- Maximum Funding Amount
- List of funding options
- Comparison chart of your pre-approved programs
We want entrepreneurship to be made as easy as possible because Garage Kings believes that more people should do what they love.
For more information about the costs and fees associated with ownership, please consult a full breakdown of Item 7 from our most recent Franchise Disclosure Document below:
|Type of Expenditure||Amount||Method of Payment||When Due||To Whom Payment is to be Made|
|Initial Franchise Fee (Note 1)||$18,000 - $28,000||Lump Sum||Upon execution of the Franchise Agreement||Us|
|Training Expenses (Note 2)||$0 - $5,000||As airlines, hotels, restaurants, etc. require||As airlines, hotels, restaurants, etc. require||Airlines, hotels, restaurants, etc.|
|Real Property||(Note 3)|
|Storage Space (Note 4)||$0 - $500||As Arranged||As Arranged||Storage Facility|
|Construction/Remodeling Leasehold Improvements (Note 5)||$0 - $5,000||As Arranged||As Contractor requires||Contractor|
|Initial Equipment Package (Note 6)||$12,000 - $35,000||Lump Sum or Monthly Installments||Prior to Training||Us|
|Initial Product Order (Note 7)||$10,000 - $25,000||Lump Sum||As Incurred||Us|
|GK Work Vehicle / GK Storage Trailer (Note 8)||$38,000 - $68,000||Lump Sum or Monthly Installments||As Arranged||Approved Vendors and Suppliers|
|Office Equipment, Fixtures, Décor, Supplies and Furnishings (Note 8)||$0 - $5,000||As Arranged||As Arranged||Approved Sign Company|
|Computer Hardware & Software (Note 9)||$1,000 - $3,000||Lump Sum or Monthly Installments||Before Training||Approved Suppliers|
|Signage (Note 10)||$2,500 - $4,500||Lump Sum||Before Opening||Approved Vendor|
|Wages, Transportation and Lodging during Initial Training (Note 11)||$0 - $5,000||As Incurred||During Training||Approved Suppliers|
|Insurance (Note 12)||$1,250 - $2,500||As Incurred||As Incurred||Insurance Company / Agent|
|Advertising & Marketing (Note 13)||$5,000 - $20,000||As Arranged||As Arranged||Us|
|Epoxy Flooring Installation License (Note 14)||$0 - $1,000||As Incurred||Before Opening||Suppliers|
|Professional Fees (Note 15)||$2,000 - $10,000||As Arranged||As Arranged||Your bank (We have the right to withdraw from this account)|
|Additional Funds - 3 Months (Note 16)||$8,000 - $24,000||As expenses occur||After opening||Us, Employees, Various Third Parties|
|TOTAL (Note 17)||$97,250 - $241,500|
Notes: See Franchise Disclosure Document for full notes