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Updated RecentlyGarageTek vs More Space Place Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of GarageTek vs More Space Place including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $192,500 - $242,600 | $102,800 - $185,100 |
| Franchise Fee | $50,000 | $29,500 |
| Royalty Fee | 6% | 5% |
| Advertising Fee | - | - |
| Year Founded | 2000 | - |
| Year Franchised | 2001 | - |
| Term Of Agreement | - | 10 years |
| Term Of Agreement | - | 10 years |
| Renewal Fee | - | Lesser of initial, current 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 | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | - |
| Support | - | - |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | No |
| International Expansion | Yes | Yes |
Company Overviews
About GarageTek
Join Our Winning Team There are thousands of franchise opportunities, but few offer the excitement and satisfaction of GarageTek. We provide a unique combination: * Exceptional product line * Leading brand recognition * Comprehensive support program * Two investment levels With GarageTek you go well beyond owning a small business, you become part of the leading team in the fastest growing home improvement market sector - garage organization. Work in a Dynamic Industry Garage organization is the fastest growing sector within home organization industry according to several research studies. Download Industry Fact Sheet sell an award-winning product line Our vision of transforming American garages began with the revolutionary concept of paneling the interior walls of a garage and adding an assortment of accessories to the wall. Just a few years later, our original vision has bloomed into a total room makeover with more than 100 product options available for the walls, floor, ceiling and lighting. GarageTek's unique product line has been honored repeatedly. * #1 installed garage system by the leading consumer ratings publication * Only UL Load-Tested System * Top 100 building products (2004-2007) * Home Safety Council Commendation for Safety Innovation See All Products Be the Leading Brand in Your MarketGarageTek has been acknowledged as the leader by our customers, our franchisees, several industry publications as well as various market studies. A few highlights include: * #1 garage organization brand by Peachtree Consulting Group * 96% of customers love the system so much they refer GarageTek to family and friends * "World Class" ranking by our franchisees in a study conducted by FranSurvey
About More Space Place
No longer franchising - Acquired by Closet & Storage Concepts