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GarageTek
“Find yourself in the world’s cleanest garage” is the promise of GarageTek. The company offers custom, installed garage organization and storage systems. They’re built to fit individual customer needs and can include activity racks, cabinets, shelving, bins and brackets, safety products, wall paneling, a ceiling system, lighting, flooring, and workstation. Customers get a custom design, professional installation, and a guarantee of satisfaction. For franchisee satisfaction, the company offers two programs for domestic franchise operations and an international license agreement. Franchisees receive training, assistance with preparing a 12-month business/marketing plan, field visits by corporate marketing, sales, and operations teams, and other types of support.
Fast Facts
| Year established | 2000 |
| Franchising since | 2001 |
| Can be run from home? | No |
| Number of employees needed | 4 |
| Item 19 Financial Performance Representation? | No |
| Multiple units must be purchased in U.S. | No |
| Multiple units must be purchased outside U.S. | No |
| % of franchisees who own multiple units | 50% |
| Absentee ownership allowed? | No |
Franchise Unit Growth Rate
| Year | U.S. Franchises |
Non-U.S. Franchises |
Company-Owned Locations |
| 2011 | 30 | 7 | 0 |
| 2010 | 33 | 4 | 0 |
| 2009 | 34 | 4 | 0 |
Expanding in These Locations
| Total Investment | $75,000 - $246,000 |
| Franchise Fee | $25,000 |
| Royalty Fee | 6% |
| Net Worth | $1,000,000 |
| Liquid Capital | $500,000 |
| Does franchisor offer financing? | No |
| Is franchisor on the SBA's Franchise Registry? | Yes |
| Is franchisor a member of the IFA's VetFran program? | No |
