Garage Kings Franchise FDD, Profits & Costs (2025)
Garage Kings is a home improvement franchise specializing in high-quality garage floor coatings and storage solutions. Founded in 2013, the company has built a strong reputation for transforming residential garages into functional and visually appealing spaces. The franchise is headquartered in Vaughan, Ontario, Canada, and has expanded its presence across North America.
The company began franchising in 2020, offering entrepreneurs a business model focused on premium polyaspartic and polyurea floor coatings, garage cabinets, storage systems, and garage door installations.
Garage Kings differentiates itself from competitors through its commitment to using premium materials and providing exceptional customer service. The company emphasizes local focus by empowering honest, reliable individuals who take pride in their work, ensuring that each project meets high standards of quality and professionalism.
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Initial Investment
How much does it cost to start a Garage Kings franchise? It costs on average between $189,000 – $238,000 to start a Garage Kings franchised center.
This includes costs for flooring materials, equipment, installation tools, and initial operating expenses. The exact amount depends on various factors, including the size of the territory, the location, and whether the franchisee chooses to lease or purchase a facility for operations.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $60,000 |
| Training Fee | $7,500 |
| Additional Training Expenses | $5,300 – $10,000 |
| Storage Space | $0 to $500 |
| Initial Equipment Package | $45,548 |
| Initial Product Order | $25,000 |
| GK Work Vehicle / GK Storage Trailer | $0 to $10,000 |
| Office Equipment, Fixtures, Décor, Supplies | $0 to $2,500 |
| Computer Hardware & Software | $0 to $3,000 |
| Vehicle Signage | $4,800 – $6,110 |
| Insurance | $500 to $2,500 |
| Advertising & Marketing | $30,000 |
| Business Licenses & Permits | $0 to $7,500 |
| Professional Fees | $250 to $2,500 |
| Additional Funds – 3 Months | $10,595 to $25,595 |
| TOTAL | $189,493 to $238,253 |
Average Revenue (AUV)
How much revenue can you make with a Garage Kings franchise? A Garage Kings franchised location makes on average $663,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $703,000 yearly revenue for similar other home services franchises. Below are a few Garage Kings competitors as a comparison:
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Garage Kings Franchise Disclosure Document
Frequently Asked Questions
How many Garage Kings locations are there?
As of the latest data, Garage Kings operates a total of 32 locations. Out of these, 27 are franchised units, while 5 are company-owned. The brand continues to expand its presence across North America.
What is the total investment required to open a Garage Kings franchise?
The total investment required to open a Garage Kings franchise ranges from $189,000 to $238,000.
What are the ongoing fees for a Garage Kings franchise?
Garage Kings franchisees pay a 6% royalty fee on gross revenue. They also contribute 2% of weekly revenue to the Brand Development Fund after an initial $1,000 payment. Additionally, franchisees must allocate $48,000 annually for local marketing, with a possible 1% to 2% regional advertising fee if a cooperative is established.
What are the financial requirements to become a Garage Kings franchisee?
To qualify as a Garage Kings franchisee, you need a minimum net worth of $300,000 and at least $150,000 in liquid capital.
How much can a Garage Kings franchise owner expect to earn?
The average gross sales for a Garage Kings franchise are approximately $0.66 million per location. Assuming a 15% operating profit margin, $0.66 million yearly revenue can result in $99,000 EBITDA annually.
Who owns Garage Kings?
Garage Kings is owned by entrepreneur Troy Rainsberg, who acquired the company in 2020. Under his leadership as Chief Executive Officer and President, the company has expanded its services and franchise locations across North America.
Disclaimer
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