GarageExperts Franchise Prices, Charges, Revenues, Earnings (2023 Evaluate)

On this unique Franchise Chatter FDD Speak submit, you’ll be taught the next:

Part I – Estimated preliminary funding (franchise prices) for a GarageExperts franchise, primarily based on Merchandise 7 of the corporate’s 2023 FDD

Part II – Preliminary franchise price, royalty price, and advertising price for a GarageExperts franchise, primarily based on Gadgets 5 and 6 of the corporate’s 2023 FDD

Part III – Variety of franchised and company-owned GarageExperts shops in the beginning of the 12 months and the tip of the 12 months for 2020, 2021, and 2022, primarily based on Merchandise 20 of the corporate’s 2023 FDD

Part IV – Information updates on the GarageExperts franchise alternative

Part V – Presentation and evaluation of GarageExperts’ monetary efficiency representations (common revenues and/or earnings), primarily based on Merchandise 19 of the corporate’s 2023 FDD, together with info on the:

• 2022 common, median, highest, and lowest product sales, and common gross revenue after labor and value of products bought for the 60 single-unit GarageExperts franchise homeowners who operated a single territory for the whole thing of 2022

• 2022 annual product sales and gross revenue after labor and value of products bought for every of the highest 5 and backside 5 (by annual product sales) single-unit GarageExperts franchise homeowners who operated a single territory for the whole thing of 2022

• 2022 common, median, highest, and lowest product sales, and common gross revenue after labor and value of products bought for the 12 multi-territory GarageExperts franchise homeowners who operated two or extra territories for the whole thing of 2022

• 2022 annual product sales and gross revenue after labor and value of products bought for every of the 12 multi-territory GarageExperts franchise homeowners who operated two or extra territories for the whole thing of 2022

Part VI – Key ratios, comparables, computations, and analyses for the GarageExperts franchise alternative (unique content material for Platinum subscribers)

Part I – GarageExperts Franchise Prices

• Preliminary Franchise Charge:  $50,000
• Gear, Furnishings, Fixtures, and Signage:  $28,878 to $34,328.45
• GarageExperts Automobile(s):  $1,000 to $60,000
• Laptop {Hardware} and Software program:  $4,754 to $5,000
• Mobile Telephone and a Cellular Wi-fi Hotspot:  $300 to $500
• Wages, Journey, and Dwelling Bills Throughout Coaching:  $1,500 to $5,000
• Leasing Prices:  $1,000 to $2,500
• Promoting:  $4,000 to $10,000
• Insurance coverage Deposits and Premiums:  $200 to $1,000
• Licenses and Permits:  $100 to $1,500
• Skilled Charges:  $1,500 to $5,000
• Miscellaneous Provides:  $100 to $500
• Extra Funds for 3 Months:  $5,000 to $12,000
• Complete Estimated GarageExperts Franchise Prices:  $97,932.45 to $186,682.45

Part II – GarageExperts’ Preliminary Franchise Charge, Royalty Charge, and Advertising Charge

• Preliminary Franchise Charge:  $50,000
• Persevering with Royalty:  you pay a month-to-month persevering with royalty as follows: $500 for first 6 months after the Efficient Date of your Franchise Settlement; $900/month for months 7-12; $1,400/month for months 13-18; $1,800/month thereafter
• Nationwide Promoting Charge:  $500/month till GarageExperts’ U.S. franchisee territory depend is 125 or extra, then $1,000/month
• Native Promoting:  throughout every calendar quarter, you shall expend an quantity equal to not lower than 7% of your Gross Gross sales for the previous calendar quarter for permitted native promoting and promotion

Part III – Variety of Franchised and Firm-Owned GarageExperts Retailers

Franchised

2020

• Retailers on the Begin of the Yr:  94
• Retailers on the Finish of the Yr:  96
• Web Change:  +2

2021

• Retailers on the Begin of the Yr:  96
• Retailers on the Finish of the Yr:  101
• Web Change:  +5

2022

• Retailers on the Begin of the Yr:  101
• Retailers on the Finish of the Yr:  107
• Web Change:  +6

Firm-Owned

2020

• Retailers on the Begin of the Yr:  0
• Retailers on the Finish of the Yr:  0
• Web Change:  0

2021

• Retailers on the Begin of the Yr:  0
• Retailers on the Finish of the Yr:  0
• Web Change:  0

2022

• Retailers on the Begin of the Yr:  0
• Retailers on the Finish of the Yr:  0
• Web Change:  0

Part IV – Information Updates on the GarageExperts Franchise

Part V – Monetary Efficiency Representations (Common Revenues and/or Earnings) for the GarageExperts Franchise (Merchandise 19, 2023 FDD)

Half 1 – 2022 Common Annual Gross Gross sales for Single-Territory House owners

• In Half 1, GarageExperts units forth 2022 information for Annual Gross Gross sales for its 60 single-unit franchise homeowners who operated a single territory for the whole thing of 2022. As of December 31, 2022, GarageExperts had 67 single-territory homeowners of which 60 met the factors for inclusion within the information under:

• Common Annual Gross Gross sales:  $616,105
• Common Gross Revenue After Labor and Price of Items Offered:  $298,853
• Median Annual Gross Gross sales:  $556,258
• Highest Annual Gross Gross sales:  $1,361,659
• Lowest Annual Gross Gross sales:  $139,643
• Variety of Retailers That Attained or Surpassed the Common Annual Gross Gross sales:  40
• Share of Retailers That Attained or Surpassed the Common Annual Gross Gross sales:  67%

Prime 5 Retailers (Annual Gross Gross sales)

Outlet 1

• Annual Gross Gross sales:  $1,361,660
• Gross Revenue After Labor and COGS:  $491,327
• Gross Revenue as a % of Gross Gross sales:  36%
• Variety of Retailers That Attained or Surpassed the Annual Gross Gross sales:  1
• Share of Retailers That Attained or Surpassed the Annual Gross Gross sales:  2%

Outlet 2

• Annual Gross Gross sales:  $1,332,513
• Gross Revenue After Labor and COGS:  $567,786
• Gross Revenue as a % of Gross Gross sales:  43%
• Variety of Retailers That Attained or Surpassed the Annual Gross Gross sales:  2
• Share of Retailers That Attained or Surpassed the Annual Gross Gross sales:  3%

Outlet 3

• Annual Gross Gross sales:  $1,265,356
• Gross Revenue After Labor and COGS:  $422,000
• Gross Revenue as a % of Gross Gross sales:  33%
• Variety of Retailers That Attained or Surpassed the Annual Gross Gross sales:  3
• Share of Retailers That Attained or Surpassed the Annual Gross Gross sales:  5%

Outlet 4

• Annual Gross Gross sales:  $1,186,754
• Gross Revenue After Labor and COGS:  $526,934
• Gross Revenue as a % of Gross Gross sales:  44%
• Variety of Retailers That Attained or Surpassed the Annual Gross Gross sales:  4
• Share of Retailers That Attained or Surpassed the Annual Gross Gross sales:  6%

Outlet 5

• Annual Gross Gross sales:  $1,160,187
• Gross Revenue After Labor and COGS:  $512,925
• Gross Revenue as a % of Gross Gross sales:  44%
• Variety of Retailers That Attained or Surpassed the Annual Gross Gross sales:  5
• Share of Retailers That Attained or Surpassed the Annual Gross Gross sales:  8%

Backside 5 Retailers (Annual Gross Gross sales)

Outlet 56

• Annual Gross Gross sales:  $221,110
• Gross Revenue After Labor and COGS:  $82,849
• Gross Revenue as a % of Gross Gross sales:  37%
• Variety of Retailers That Attained or Surpassed the Annual Gross Gross sales:  56
• Share of Retailers That Attained or Surpassed the Annual Gross Gross sales:  94%

Outlet 57

• Annual Gross Gross sales:  $174,684
• Gross Revenue After Labor and COGS:  $86,988
• Gross Revenue as a % of Gross Gross sales:  50%
• Variety of Retailers That Attained or Surpassed the Annual Gross Gross sales:  57
• Share of Retailers That Attained or Surpassed the Annual Gross Gross sales:  95%

Outlet 58

• Annual Gross Gross sales:  $155,907
• Gross Revenue After Labor and COGS:  $45,936
• Gross Revenue as a % of Gross Gross sales:  29%
• Variety of Retailers That Attained or Surpassed the Annual Gross Gross sales:  58
• Share of Retailers That Attained or Surpassed the Annual Gross Gross sales:  97%

Outlet 59

• Annual Gross Gross sales:  $144,574
• Gross Revenue After Labor and COGS:  $63,609
• Gross Revenue as a % of Gross Gross sales:  44%
• Variety of Retailers That Attained or Surpassed the Annual Gross Gross sales:  59
• Share of Retailers That Attained or Surpassed the Annual Gross Gross sales:  98%

Outlet 60

• Annual Gross Gross sales:  $139,644
• Gross Revenue After Labor and COGS:  $98,338
• Gross Revenue as a % of Gross Gross sales:  70%
• Variety of Retailers That Attained or Surpassed the Annual Gross Gross sales:  60
• Share of Retailers That Attained or Surpassed the Annual Gross Gross sales:  100%

Half 2 – 2022 Common Annual Gross Gross sales for Multi-Territory House owners

• In Half 2, GarageExperts units forth 2022 information for Annual Gross Gross sales for its 12 multi-territory franchise homeowners who operated two or extra territories for the whole thing of 2022. As of December 31, 2022, GarageExperts had 12 multi-territory homeowners of which 12 met the factors for inclusion within the information under:

• Common Annual Gross Gross sales:  $1,549,826
• Common Gross Revenue After Labor and Price of Items Offered:  $594,448
• Median Annual Gross Gross sales:  $1,583,388
• Highest Annual Gross Gross sales:  $2,977,527
• Lowest Annual Gross Gross sales:  $462,118
• Variety of Retailers That Attained or Surpassed the Common Annual Gross Gross sales:  6
• Share of Retailers That Attained or Surpassed the Common Annual Gross Gross sales:  50%

Particular person Outcomes for Every of the 12 Multi-Territory House owners

Outlet 1

• Variety of Territories Owned:  3
• Annual Gross Gross sales:  $2,977,527
• Gross Revenue After Labor and COGS:  $1,651,453
• Gross Revenue as a % of Gross Gross sales:  55%
• Variety of Retailers That Attained or Surpassed the Annual Gross Gross sales:  1
• Share of Retailers That Attained or Surpassed the Annual Gross Gross sales:  8%

Outlet 2

• Variety of Territories Owned:  2
• Annual Gross Gross sales:  $2,410,155
• Gross Revenue After Labor and COGS:  $1,027,407
• Gross Revenue as a % of Gross Gross sales:  43%
• Variety of Retailers That Attained or Surpassed the Annual Gross Gross sales:  2
• Share of Retailers That Attained or Surpassed the Annual Gross Gross sales:  17%

Outlet 3

• Variety of Territories Owned:  2
• Annual Gross Gross sales:  $2,280,513
• Gross Revenue After Labor and COGS:  $1,079,407
• Gross Revenue as a % of Gross Gross sales:  47%
• Variety of Retailers That Attained or Surpassed the Annual Gross Gross sales:  3
• Share of Retailers That Attained or Surpassed the Annual Gross Gross sales:  25%

Outlet 4

• Variety of Territories Owned:  3
• Annual Gross Gross sales:  $2,018,407
• Gross Revenue After Labor and COGS:  $567,125
• Gross Revenue as a % of Gross Gross sales:  28%
• Variety of Retailers That Attained or Surpassed the Annual Gross Gross sales:  4
• Share of Retailers That Attained or Surpassed the Annual Gross Gross sales:  33%

Outlet 5

• Variety of Territories Owned:  2
• Annual Gross Gross sales:  $1,800,103
• Gross Revenue After Labor and COGS:  $520,897
• Gross Revenue as a % of Gross Gross sales:  29%
• Variety of Retailers That Attained or Surpassed the Annual Gross Gross sales:  5
• Share of Retailers That Attained or Surpassed the Annual Gross Gross sales:  42%

Outlet 6

• Variety of Territories Owned:  3
• Annual Gross Gross sales:  $1,708,468
• Gross Revenue After Labor and COGS:  $790,671
• Gross Revenue as a % of Gross Gross sales:  46%
• Variety of Retailers That Attained or Surpassed the Annual Gross Gross sales:  6
• Share of Retailers That Attained or Surpassed the Annual Gross Gross sales:  50%

Outlet 7

• Variety of Territories Owned:  2
• Annual Gross Gross sales:  $1,458,309
• Gross Revenue After Labor and COGS:  $794,340
• Gross Revenue as a % of Gross Gross sales:  54%
• Variety of Retailers That Attained or Surpassed the Annual Gross Gross sales:  7
• Share of Retailers That Attained or Surpassed the Annual Gross Gross sales:  58%

Outlet 8

• Variety of Territories Owned:  2
• Annual Gross Gross sales:  $1,179,353
• Gross Revenue After Labor and COGS:  $449,508
• Gross Revenue as a % of Gross Gross sales:  38%
• Variety of Retailers That Attained or Surpassed the Annual Gross Gross sales:  8
• Share of Retailers That Attained or Surpassed the Annual Gross Gross sales:  67%

Outlet 9

• Variety of Territories Owned:  2
• Annual Gross Gross sales:  $912,005
• Gross Revenue After Labor and COGS:  $352,819
• Gross Revenue as a % of Gross Gross sales:  39%
• Variety of Retailers That Attained or Surpassed the Annual Gross Gross sales:  9
• Share of Retailers That Attained or Surpassed the Annual Gross Gross sales:  75%

Outlet 10

• Variety of Territories Owned:  2
• Annual Gross Gross sales:  $741,526
• Gross Revenue After Labor and COGS:  $379,547
• Gross Revenue as a % of Gross Gross sales:  51%
• Variety of Retailers That Attained or Surpassed the Annual Gross Gross sales:  10
• Share of Retailers That Attained or Surpassed the Annual Gross Gross sales:  83%

Outlet 11

• Variety of Territories Owned:  2
• Annual Gross Gross sales:  $649,435
• Gross Revenue After Labor and COGS:  $385,865
• Gross Revenue as a % of Gross Gross sales:  59%
• Variety of Retailers That Attained or Surpassed the Annual Gross Gross sales:  11
• Share of Retailers That Attained or Surpassed the Annual Gross Gross sales:  92%

Outlet 12

• Variety of Territories Owned:  2
• Annual Gross Gross sales:  $462,119
• Gross Revenue After Labor and COGS:  $191,285
• Gross Revenue as a % of Gross Gross sales:  41%
• Variety of Retailers That Attained or Surpassed the Annual Gross Gross sales:  12
• Share of Retailers That Attained or Surpassed the Annual Gross Gross sales:  100%

• “Gross Gross sales” means the entire of all revenues acquired or receivable by the franchisee as cost, whether or not in money, by debit card, or for credit score or barter or different technique of trade (and, if for credit score or barter, whether or not or not cost is acquired therefor), on account of any and all items, merchandise, companies, and provides bought by the Franchised Enterprise, or that are promoted or bought by the franchisee underneath any of the Marks, whether or not or not GarageExperts presents such companies or merchandise in its different areas, together with:

• (a) revenues from gross sales of any nature or form in any way, derived by the franchisee or by every other individual or Enterprise Entity (together with the franchisee’s affiliate(s)) from the Franchised Enterprise;

• (b) gross sales of Approved Merchandise and Companies in contravention of the Franchise Settlement from companies apart from the Franchised Enterprise;

• (c) the proceeds of any enterprise interruption insurance coverage, after the satisfaction of any relevant deductible;

• (d) mail or phone orders acquired or stuffed in or from the Franchised Enterprise; and

• (e) orders taken in or from the Franchised Enterprise though stuffed or carried out elsewhere.

• However the foregoing, “Gross Gross sales” shall exclude the next:

• (i) sums representing gross sales taxes collected instantly from clients by the franchisee within the operation of the Franchised Enterprise, and any gross sales, worth added or different tax, excise, or obligation charged to clients which is levied or assessed towards the franchisee by any Federal, state, municipal, or native authority, primarily based on gross sales of particular items, merchandise, companies, and provides bought at, from, or in reference to the Franchised Enterprise, supplied that such taxes are literally transmitted to the suitable Governmental Authority;

• (ii) sums representing ideas, gratuities, or service expenses paid instantly by clients to workers of the franchisee or paid to the franchisee and promptly and to the extent turned over to such workers by the franchisee in lieu of direct ideas or gratuities; and

• (iii) proceeds from remoted gross sales of kit and commerce fixtures not constituting any a part of the franchisee’s services supplied in reference to the Franchised Enterprise nor having any materials impact upon the continued operation of the Franchised Enterprise required underneath the Franchise Settlement.

• “Gross Revenue After Labor and Price of Items Offered” means Annual Gross Gross sales much less any labor prices and materials prices corresponding to liquid coatings, cupboards, storage merchandise, and varied gadgets.

• “Gross Revenue as a Share of Gross Gross sales” was calculated by dividing Annual Gross Gross sales into Gross Revenue After Labor and Price of Items Offered.

• Some shops have earned this quantity. Your particular person outcomes could differ. There isn’t a assurance you’ll earn as a lot.

Part VI – GarageExperts Franchise Ratios, Comparables, Computations, and Analyses (Unique Content material for Platinum Subscribers) ⬇️