SHELFGENIE

SHELFGENIE

ShelfGenie franchises operate mobile businesses that market, design, sell, and install customized shelving and storage solutions for cabinets, pantries, closets, garages, and other structures using patented systems. The business model involves granting franchises for these services, with franchisees serving primarily residential customers seeking efficient storage upgrades. As of late 2024, there are over 260 U.S. franchises and additional locations in Canada.

261
Locations
$95K–$148K
Investment
Since 2008
Franchising
ServicesWaco, TXNeighborly Assetco LLC (KKR-owned)www.shelfgenie.comDisclaimer

Franchise Costs


Franchise Fee
$69,500
Item 5 of FDD
Initial Investment Range
$95,050 $148,100
Low: $95,050High: $148,100
Item 7 of FDD
Royalty Rate
7.00%
of gross sales
Brand Fund
2.00%
Item 6 of FDD
Fixed Monthly Fees
$1,597 – $1,697
Item 6 of FDD

Tiered 5-7% license fee (starting at 7% of gross sales, minimum $400/mo per territory) + 2% MAP fund + $300/mo software + $147/mo technology package + $350-450/mo call center + $800/mo bookkeeping (for standard Executive with 2 territories).

Financial Performance


Item 19 Financial Performance

Average Gross Revenue
$0
Median Gross Revenue
$0
Top Quartile Revenue
$0
Bottom Quartile Revenue
$0
Average Gross Profit
$0

Data Based On: Data from 50 Reporting Franchisees operating a total of 254 SHELFGENIE Businesses/territories during the 2024 Reporting Period.

* Financial performance data was extracted from the '2024 FRANCHISEE GROSS SALES, COST OF GOODS SOLD, GROSS MARGIN, AND ANNUAL REBATE AMOUNT' table across pages 6-8. This table provides data for individual markets/franchisees, including '# of Territories', 'Gross Sales Per Territory', and 'Gross Margin'. - The 'average_gross_revenue' was calculated as a weighted average of 'Gross Sales Per Territory' values, weighted by '# of Territories'. Calculation: (Sum of (Gross Sales Per Territory * # of Territories)) / Total # of Territories. - The 'median_gross_revenue', 'revenue_top_quartile', and 'revenue_bottom_quartile' were calculated from a list of all individual 'Gross Sales Per Territory' values, repeated for each territory within a market. - The 'average_gross_profit' was calculated by first determining the gross profit per territory for each market (Gross Sales Per Territory * Gross Margin) and then computing the weighted average of these values, weighted by '# of Territories'. - 'best_guess_profit_low' and 'best_guess_profit_high' were derived from the minimum and maximum individual Gross Profit per Territory values observed in the dataset, respectively, as no other specific profit ranges or detailed expense breakdowns were provided to estimate a narrower net profit range.

Extracted Item 19 Section

How SHELFGENIE Compares


Key Insights

  • Lower than average SBA loan default rate in Home Services
FranchiseInvestmentFeeRoyaltyLocations
SHELFGENIE
Current
$95K – $148K$70K7.0%261
MERRY MAIDS$127K – $166K$55K7.0%933
HOLIDAY LIGHTING HEROES$150K – $177K$127K10.0%653
SIGN GYPSIES$4K – $5K$1KN/A587
MOSQUITO AUTHORITY$54K – $128K$45K10.0%546
Culligan$130K – $814K$40K2.0%460
Home Services Average
130 franchises
$144K – $289K$53K7.0%

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 130 Home Services franchises by location count.

Locations & Growth


Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2024)

Outlets by state across the United States

Top States
1TX
31
2FL
30
3NC
16
4OH
15
5WA
14
6VA
14
7IL
13
8GA
12
9MA
12
10TN
10
11MD
9
12SC
9
13MI
8
14CO
7
15PA
7

+19 more states

SBA Loan History


Historical SBA 7(a) loan data for SHELFGENIE franchisees (20152025)

Total Loans
21
Average Loan
$373,590
Total Volume
$7.8M
Default Rate
9.5%

Loans by Year

SBA 7(a) loan activity over time

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

Franchisee Contacts


100 franchisee contacts on file from official FDD filings.

NameSBA Loan
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active

100 Contacts Available

Unlock all SHELFGENIE franchisee contacts with verified contact information

Due Diligence


Litigation (Item 3)

Franchisee Cases0
No litigation involving franchisees reported

Bankruptcy (Item 4)

Bankruptcy HistoryNo
No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
21
Non-Renewals
0
Reacquired
0
Ceased Ops
1
Transfers
29
Sold to Franchisees
0
Projected New
8

Frequently Asked Questions


The total initial investment to open a SHELFGENIE franchise ranges from $95,050 to $148,100. This includes a franchise fee of $69,500. Ongoing royalty fees are 7.0% of gross sales.

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