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Below is an in-depth analysis and side-by-side comparison of PremierGarage 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 | $129,950 - $408,000 | $102,800 - $185,100 |
Franchise Fee | $35,000 - $75,000 | $29,500 |
Royalty Fee | $3.5K-7.5K/yr. | 5% |
Advertising Fee | - | - |
Year Founded | 1999 | - |
Year Franchised | 2002 | - |
Term Of Agreement | 5 years | 10 years |
Term Of Agreement | 5 years | 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 | 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.
No longer franchising - Acquired by Closet & Storage Concepts