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Home >> Building & Construction >> Construction & Remodeling
| GarageTek 5 Aerial Way Syosset, NY 11791 |
Submit an online form to receive information from GarageTek.
|
Business Description
GarageTek is the leading international brand for installed garage furnishing systems. With 55 domestic locations and two international locations, GarageTek is the recognized premium brand in the exploding garage organization, home improvement category. We offer spacious exclusive territories, proprietary products and technology and a full training package that has transformed tens of thousands of garages and the lives of our owner operators.
Franchisor Background
Year Established: 2000
Franchising Since: 2001
North America:
States/Provinces with the largest number of operating units:
Registered in Following Registration States:
Financial Requirements
Average Number of Employees: 4 Full-time, 0 Part-time
Space Needs (in square footage): 2,500
Preferred Sites:
Other Sites:
Encourage Conversions? Not Applicable
Earnings Claims Provided?: No
GarageTek is the leading international brand for installed garage furnishing systems. With 55 domestic locations and two international locations, GarageTek is the recognized premium brand in the exploding garage organization, home improvement category. We offer spacious exclusive territories, proprietary products and technology and a full training package that has transformed tens of thousands of garages and the lives of our owner operators.
Franchisor Background
Year Established: 2000
Franchising Since: 2001
| Operating Units: | |||||||||||||||||||||||||||||||
Franchised Units: | 55 | 96.5% | | ||||||||||||||||||||||||||||
| Company-Owned Units: | 2 | 3.5% | |||||||||||||||||||||||||||||
Total Operating Units: | 57 | 100.0% | |||||||||||||||||||||||||||||
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States/Provinces with the largest number of operating units:
| Density | Units |
Registered in Following Registration States:
Financial Requirements
| Investment: | |
| Minimum Net Worth: | $1MM |
| Cash Investment: | $250K |
| Total Investment: | $300K |
| Average Total Investment: | $300K |
| Fees: | |
| Initial Franchise Fee: | $50K |
| Average Franchise Fee: | $50K |
| On-Going Royalty: | 6% |
| Average Royalty: | 6% |
| Advertising Fee: | 4% |
Space Needs (in square footage): 2,500
Preferred Sites:
Other Sites:
Encourage Conversions? Not Applicable
Earnings Claims Provided?: No
| Franchisee Qualifications | |||||||||
Ranked from 1 (unimportant) to 5 (important): | |||||||||
| Financial Net Worth: | 3 | ||||||||
| General Business Experience: | 3 | ||||||||
| Specific Industry Experience: | 3 | ||||||||
| Formal Education: | 3 | ||||||||
| Psychological Profile: | 3 | ||||||||
| Personal Interview(s): | 3 | ||||||||
| Terms of Contract | |||||||||
| Term of Initial Contract: | 10 Year(s) | ||||||||
| Term of Renewal Period: | 5/5 Year(s) | ||||||||
| Passive Ownership: | Not Allowed | ||||||||
| Area Development Agreements? | No | ||||||||
| Sub-Franchising Contracts? | No | ||||||||
| Franchisees Allowed to Expand Within Territory? | Yes | ||||||||
| Support and Training | |||||||||
| International Franchise Association: | Yes | ||||||||
| Canadian Franchise Association: | No | ||||||||
| Franchisee Association/Member: | Yes, Member | ||||||||
| Size of Corporate Staff: | 12 | ||||||||
| Site Selection Assistance? | Yes | ||||||||
| Lease Negotiation Assistance? | Yes | ||||||||
| Financial Assistance? | Yes, Indirect | ||||||||
| Marketing Support: | |||||||||
| Co-Op Advertising: | No | ||||||||
| National Advertising: | No | ||||||||
| Regional Advertising: | No | ||||||||
| Local Advertising: | No | ||||||||
| Marketing Materials: | None Specified | ||||||||
| Additional Services: | None Specified | ||||||||
| Other Marketing Support: | None Specified | ||||||||
| On-Going Support: | |||||||||
| Central Data Processing: | Not Applicable | ||||||||
| Central Purchasing: | Included in Fees | ||||||||
| Field Operation Evaluation: | Included in Fees | ||||||||
| Field Training: | Included in Fees | ||||||||
| Initial Store Opening: | Not Applicable | ||||||||
| Inventory Control: | Included in Fees | ||||||||
| Franchisee Newsletter: | Included in Fees | ||||||||
| Regional or National Meetings: | Included in Fees | ||||||||
| 800 Telephone Hotline: | Included in Fees | ||||||||
| Training: | |||||||||
| 1. Syosset, NY | 2 Weeks | ||||||||
| Expansion Plans | |||||||||
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Submit an online form to receive information from GarageTek.
|
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