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Below is an in-depth analysis and side-by-side comparison of PremierGarage vs GarageExperts including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $129,950 - $408,000 | $51,414 - $143,992 |
Franchise Fee | $35,000 - $75,000 | $15,000 |
Royalty Fee | $3.5K-7.5K/yr. | $500-$1.8K/mo. |
Advertising Fee | - | $500/mo. |
Year Founded | 1999 | 2008 |
Year Franchised | 2002 | 2008 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/Yes |
Start-up Costs | No/No | -/Yes |
Equipment | No/No | -/Yes |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | Classroom Training: 26.75 hours |
Support | - | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
Marketing | - | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations | - | Number of Employees Required to Run: 2 - 8 |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | No | Yes |
THE LARGEST BRAND WITH THE WIDEST REACH
In 2010, Tailored Living and PremierGarage formed a strategic partnership to create the largest whole-home and garage organization franchise in the nation. PremierGarage’s brand recognition and reputation in the garage industry made them the ideal partner. In 2011, Tailored Living acquired the PremierGarage® brand name.
Garage Experts™ is positioned to provide the services needed by homeowners who are updating or enhancing their garages every day. A Racor Home Storage Products 2013 study indicates that of the approximately 67-million garage owners, 63 percent have a two-car garage. Several factors account for the fast-paced growth in garage storage products, including homeowner requests for “man caves,” complete garage makeovers, and storage space for tools and hobby equipment.