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Below is an in-depth analysis and side-by-side comparison of Global Garage vs Garage Living including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $88,000 - $225,000 | $236,750 - $313,500 |
Franchise Fee | N/A | $60,000 |
Royalty Fee | - | 6.5% |
Advertising Fee | - | 6% Local + 2% Nat'l |
Year Founded | - | - |
Year Franchised | - | - |
Term Of Agreement | - | 5 years +5+5+5 |
Term Of Agreement | - | 5 years +5+5+5 |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | 1. Full Time Commitment. We are not accepting franchisees who want this as an add-on to another business. 2. Fulfillment of the No-Commitment Franchise Discovery Process. 3. Marketing & Networking interest and aptitude. 4. A business person�s attitude. 5. Wants to work on your business not in your business. * �Can Do� Attitude. * Friendly Disposition. * Embodiment of the FFIS Philosophy. 6. Sufficient Net Worth. ($150,000) 7. $100,000 in liquid capital. | Garage Living franchise owners are not required to have prior construction or remodeling industry experience, but it can be helpful to understand the basics of running a business like ours. In fact, we welcome the opportunity to open a dialogue with existing similar or complementary home improvement businesses who wish to add the Garage Living system to their current operations. In general, we are seeking franchise candidates who have good communications and customer service skills, a strong work ethic, and a dedication to the local community. A solid understanding of business management is also important, and sales skills are also helpful. We expect that franchise owners have adequate capital to invest in the business, and we also expect franchise owners to be directly involved in the daily operations of the franchise business. But regardless of your background, we will provide the training and tools you need to run your Garage Living franchise effectively. |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | At Global Garage we take Training very SERIOUSLY! The First step in training is to get all of your equipment, office, business and storage area set up. This must be done before coming to training. We will walk you through each step of it. 4 Days of training at a successful Global Garage facility. An additional 4 Days of training at your location using your equipment. Manufacturers flooring training. Manufacturers cabinets training. Ongoing discussions, newsletters, coaching, meetings, etc. | Pre-Opening Training: including classroom and hands-on exercises, plus on-site training with a Garage Living representative at your location. |
Support | - | Ongoing Support: including updates, remote assistance, refresher training programs and business planning meetings. |
Marketing | - | Marketing Assistance: including a professionally-developed library of project photographs (before and after), customizable marketing materials, online tools, and more. |
Operations | - | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | - | - |
International Expansion | - | - |