Garage Kings
Home Services · Flooring & Interior Services
- Active units
- 27
- Avg unit volume
- $776k
- Royalty
- 6.0%
Franchised, year-end 2023
of weekly Net Sales
About Garage Kings
Garage Kings is a trusted brand specializing in garage flooring and storage solutions. They offer unmatched epoxy flooring services to transform your home's garage into an extraordinary space. With their team of expert garage floor installers, Garage Kings ensures top-notch quality and customer satisfaction. Their comprehensive range of services includes garage floor coatings, garage cabinets, garage storage solutions, basement floor coatings, and patio floors. Whether you want to enhance the aesthetics of your garage or maximize its functionality, Garage Kings has got you covered. As a locally owned brand with multiple locations, Garage Kings makes it convenient for you to find their services near you. They understand that your home is your sanctuary, and they strive to help you make the most out of every inch of space, starting from your garage floor and storage area. Contact Garage Kings today to request a free consultation and estimate, and begin the journey of transforming your garage into the favorite room of your house.
Key terms
- Franchise fee
$60k
- Existing licensee conversion
Existing licensees with predecessor Beautiful Surfaces will not pay the Initial Franchise Fee if they execute a Garage Kings Franchise Agreement
- Brand fund
2.0% of Net Sales
- Local advertising
5.0% of Net Sales
- Two Territories
$55k
- Three to five Territories
$45k
- Six to nine Territories
$40k
- Ten or more Territories
$35k
- Veteran discount
5000.0% off franchise fee — VetFran discount of $5,000 off a single territory Initial Franchise Fee
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2024 filing).
Growth
- Total locations27
Franchised units open at year-end
- New openings13
Gross new units opened during the calendar year
- 1-year unit growth rate35.0%
Net unit growth versus prior year
- 3-year unit CAGR16.2%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio3.3×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)$776k
Average computed across 14 disclosed 2023 Revenue figures: total 10869853 / 14 = 776418.
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$214k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open3 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate6.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio3.6×
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.