GARAGE KINGS
Garage Kings franchises specialize in the professional installation of proprietary concrete floor coating systems, including garage floor coatings, concrete resurfacing, commercial epoxy coatings, and decorative epoxy flooring, as well as garage storage solutions like cabinets, slatwall, and overhead storage, and garage door maintenance. Franchisees operate mobile businesses from approved office locations within exclusive territories, using specialized vehicles and trailers to serve residential and commercial properties. The primary target market is residential homeowners seeking high-quality, durable garage improvements, competing in a well-developed market with local, regional, and national providers.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
6% royalty + 2% brand development fund + $100/wk technology fee + $375/mo point of sale system fee
Franchise Stats
Financial Performance
Item 19 Financial Performance
Data Based On: Data based on 14 submissions for Table 1, including 7 franchised locations and 7 affiliate-owned locations open for the entire Measurement Period ending December 31, 2023, and timely submitted the required information. All locations are of the same model.
* Average, median, top quartile, and bottom quartile gross revenue were calculated using 'Net Revenue' from the 'Part 1: Revenue & Disclosed Expenses' table for the 7 identified franchised locations. Gross profit was calculated as 'Net Revenue' minus 'Material and Supplies' for these locations. Net profit was calculated using 'Revenue Less Disclosed Expenses' directly from the table for these locations. The data represents performance for the Measurement Period ending December 31, 2023, as stated in the document. Percentiles were calculated using numpy.percentile.
Extracted Item 19 Section
How GARAGE KINGS Compares to Other Home Improvement Franchises
Key Insights
- Higher investment than 83% of Home Improvement franchises
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
GARAGE KINGS Current | $189K - $238K | $60K | 6.0% | 27 |
| BUDGET BLINDS | $101K - $211K | $20K | 3.5% | 1,366 |
| Koala Insulation | $189K - $234K | $50K | 6.5% | 395 |
| CERTA PROPAINTERS | $171K - $321K | $65K | N/A | 303 |
| FCI | $184K - $249K | $55K | 5.0% | 288 |
| That 1 Painter | $113K - $189K | $59K | 6.0% | 265 |
Home Improvement Average 63 franchises | $140K - $247K | $52K | 6.2% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 63 Home Improvement franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2023)
Outlets by state across the United States
+7 more states
SBA Loan History
Historical SBA 7(a) loan data for GARAGE KINGS franchisees (2021 - 2025)
Loans by Year
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Due Diligence
Litigation (Item 3)
No litigation involving franchisees reported in the FDD.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a GARAGE KINGS franchise?
The total initial investment to open a GARAGE KINGS franchise ranges from $189,493 to $238,253. This includes a franchise fee of $60,000. Ongoing royalty fees are 6.0% of gross sales.
How much revenue does a GARAGE KINGS franchise make?
According to the 2024 FDD, the average gross revenue for a GARAGE KINGS franchise is $582,058.71. The median revenue is $551,044.
How many GARAGE KINGS franchise locations are there?
As of the 2024 FDD, GARAGE KINGS has 27 franchise locations. The company has been franchising since 2020.
Can you get an SBA loan for a GARAGE KINGS franchise?
Yes, SBA loans are available for GARAGE KINGS franchises. Historical data shows 7 SBA 7(a) loans have been approved for GARAGE KINGS franchisees, with an average loan amount of $238,886. The historical default rate is 0.0%.
Is GARAGE KINGS a good franchise to buy?
GARAGE KINGS shows several positive indicators: transparent financial performance data (Item 19), low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
Interested in GARAGE KINGS?
Talk to a franchise advisor to get personalized guidance and learn if GARAGE KINGS is the right fit for you.
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