Garage Experts

The system's track record shows steady expansion since 2008, peaking at 104 locations in 2023 before contracting 1% to 103 in 2024 per FDD Item 20—mirroring broader home services slowdowns amid high interest rates. Terminations hit 3, non-renewals 2, and transfers reached 8, suggesting some churn but countered by 16 projected new units. Litigation notes in Item 3 flag claims from a former franchisee's member alleging fraud, breach of contract, and conspiracy, a potential distraction though not systemic. Overall, modest contraction flags vulnerability in a residential-heavy market, but planned growth hints at resilience.

Financials demand scrutiny: Item 7 pegs initial investment at $115,600-$226,000 including $50,000 franchise fee, suited for mobile operations needing an office/warehouse. Ongoing fees total 6% royalty + 1.5% ad fund, plus $450/month tech, $250-300 bookkeeping, $50-100 QuickBooks, and $40 brand reputation—pushing effective costs higher than advertised. Item 19 reveals strong performance with average gross revenue $632,445 and median $566,116 across units, implying solid top-line potential for operators. Nine SBA loans averaging $403,133 underscore financing feasibility, but franchisees must weigh litigation risks and contraction against those revenue highs to assess true ROI viability.