Premier Garage
Home Services · Flooring & Interior Services
- Active units
- 161
- Avg unit volume
- $360k
- Royalty
- 7.0%
Franchised, year-end 2023
of weekly Net Sales
About Premier Garage
PremierGarage is a leading brand specializing in custom garage storage and flooring solutions. With a dedicated team of trained professionals, they are committed to delivering the highest quality products and services. When it comes to garage storage, PremierGarage offers a wide range of options to meet your specific needs. From cabinets and workspaces to wall and overhead storage systems, they provide innovative solutions that maximize space and functionality. They also offer commercial storage solutions for businesses, including durable flooring options. In addition to storage solutions, PremierGarage specializes in garage flooring. They offer various options such as polyaspartic and epoxy floor coatings, decorative textures, stone, and solid elements. Their flexible floor tiles are designed for durability and easy maintenance. At PremierGarage, their approach is tailored to each customer's unique style, budget, and needs. Their talented designers and installers take pride in their communication, design, and installation skills. They strive to create garages and relationships built to last. Experience the PremierGarage difference by scheduling a free in-home consultation. Let their experts transform your garage into a functional and stylish space that you can be proud of.
Key terms
- Franchise fee
$20k
- Subsequent franchise agreement
No Initial Franchise Fee is payable under a subsequent franchise agreement
- Brand fund
1.0% of Net Sales
- Veteran discount
15.0% off franchise fee — 15% discount for currently-serving or honorably discharged U.S. Armed Forces veterans and spouses
Brand Percentile Rankings
Growth
- Total locations161
Franchised units open at year-end
- New openings5
Gross new units opened during the calendar year
- 1-year unit growth rate-4.2%
Net unit growth versus prior year
- 3-year unit CAGR-0.6%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio1.7×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)$360k
Used single territory average annual sales for 2023 to represent unit-level average revenue.
- 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$242k
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 rate7.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio1.5×
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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Location footprint
Showing 71 of 146 mapped locations
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.