Garage Kings Franchise
Frequently Asked Questions
Garage Kings Frequently Asked Questions
As a potential Garage Kings franchise owner, you want all the information you can get. We’ve collected some frequently asked questions, so you can get the answers you need before deciding to own your own Garage Kings franchise location.
How does buying a franchise work?
When you franchise with Garage Kings, you start by submitting an inquiry form with basic information. During the introductory process, we learn more about each other, determining if you’re a good fit to be a Garage Kings owner. Once you’ve reviewed the necessary documents and signed your franchise agreement, our team will help you sort your payment options, recommending trusted third-party financial support. Then, we provide the training and onboarding you need to get to opening day and to be a Garage Kings franchisee.
Why might my inquiry not be approved?
There are several reasons your initial inquiry may not be approved. Our team thoroughly reviews each applicant to make sure we’ll be a good fit if we move forward together.
Potential candidates may be rejected if they:
- Don’t meet our minimum financial requirements.
- Aren’t the right fit for our business model.
- Fail an initial background check.
- Aren’t the right fit for our brand culture.
Is owning a franchise profitable?
It can be! Like owning any small business, there’s an element of risk. However, we mitigate that risk with the recognition and support you get from a national brand and by having three diverse streams of revenue: floor coating, garage door service, and storage solutions.
A polyaspartic floor business’ profit also depends on the dedication of its management. If you’re willing to dedicate time and effort to grow your business, you’re far more likely to see the results you want than a hands-off approach. That’s why we recommend you be passionate about and interested in our franchise opportunity: it makes it easier to put in the work!
How long do franchise agreements last?
Typically, franchise agreements last between five and 20 years. The standard Garage Kings agreement lasts 10 years and is non-negotiable.
How much does Garage Kings cost to franchise with?
Your Garage Kings franchise cost will vary slightly based on your location, but the standard investment range is $176,422 – $235,272. The initial franchise fee for all locations is $60,000. We also require a minimum net worth of $300,000 and $150,000 minimum liquid capital.
Learn more about Garage Kings’ investment expectations.
Can I pick my service location?
As long as the territory you want is available, yes! If your first choice is already taken, we provide research on demographics, available zip codes, and the competitor landscape to help you choose. If you don’t have a preference, our team can recommend the best location for your Garage door franchise.
Why do I have to pay a franchise fee and royalties?
Your franchise fee pays for the right to use our established brand and to work under the Garage Kings name.
Your regular royalties and fees build our national marketing fund and provide you with support from our national franchise team.
You get:
- National marketing strategies and campaigns.
- Assistance with your dedicated digital sales and marketing tool.
- Business coaching.
- Sales coaching.
- Established brand guidelines.
- Call center scheduling.
- Superior training.
- … and more!
How do I know how much to charge to epoxy a garage floor (or provide any service)?
Our team will help you set fair prices for your service area. We strive to keep our prices reasonable so you can expect a profit, and your customers can afford to purchase your services.
When can I start?
Start right now by submitting an inquiry form! Our team will review your information and get back to you soon with more information and an approval or denial. If we approve your application, we’ll schedule an introductory call so we can learn more about each other.
Start Your Path to Garage Floor Franchise Ownership!
If you’re ready to learn more and see if you qualify, you’re in the right place! Start your franchise journey with Garage Kings by completing the inquiry form below. We’ll contact you soon!