GARAGE KINGS

Item 7 lays out the initial investment at $189,493-$238,253, covering the $60,000 franchise fee, specialized vehicles, trailers, inventory of coatings and storage products, and an approved office setup for your mobile business. Ongoing fees hit 6% royalty on gross sales plus 2% brand fund, a $100 weekly tech fee, and $375 monthly POS system charge—totaling around 8% plus fixed costs that could pressure thin margins early on. But Item 19 shines: average gross revenue clocks $582,059 across units, median $551,044, signaling solid top-line potential even as a young system; subtract fees and estimate 20-30% EBITDA if costs align with industry norms for home services.

System growth accelerated from 20 to 27 locations (+35%) between 2022-2023, with 12 projected new units and just 4 terminations plus 1 transfer—low churn for a 5 corporate/27 franchise mix. Seven SBA loans averaging $238,886 match the high-end investment, easing entry for qualified buyers. Exclusive territories protect against cannibalization in residential-heavy markets, but with national competitors lurking, execution via proprietary products and training will dictate if you hit those revenue medians or scale faster.