FDD Analysis 2024 FDD

Garage Kings Franchise Disclosure Document (FDD): Key Facts & Financials

The Franchise Disclosure Document (FDD) is a legal document that franchisors must provide to prospective franchisees at least 14 days before any agreement is signed or money changes hands.

This page summarizes the key facts and financials from Garage Kings's FDD, including franchise costs (Item 7), ongoing fees (Item 6), financial performance data (Item 19), and unit growth trends (Item 20).

What the Garage Kings FDD Covers

Required disclosure items from the franchisor

Franchisor Background

Items 1-4: Company history, litigation, bankruptcy

Fees & Costs

Items 5-7: Initial fees, ongoing fees, total investment

Obligations & Restrictions

Items 8-16: Purchasing, territory, trademarks

Financial Performance

Item 19: Revenue data provided

Franchise Costs (Item 7 Summary)

Initial investment required to open a franchise

Total Initial Investment$189,493 - $238,253
Franchise Fee$60,000

Investment Breakdown

Initial Franchise Fee$60,000 - $60,000
Training Fee (Note 1)$7,500 - $7,500
Additional Training Expenses (Note 1)$5,300 - $10,000
Storage Space (Note 2)—
Initial Equipment Package (Note 3)$45,548 - $45,548

+ 5 more categories

Ongoing Fees (Item 6 Summary)

Recurring fees paid to the franchisor

Royalty Fee6% of gross sales
Marketing/Advertising Fee7% of gross sales

Other Ongoing Fees

Brand Development Fund2%
Call Center Fees1.5%
Proprietary and Other Designated ProductsVaries
Technology FeeVaries
Point of Sale SystemVaries

Item 19 Financial Performance

Revenue and financial data (if disclosed)

Median Revenue$739,108/year
Disclosure Year2024
Reporting Units—
Revenue VarianceModerate variance (typical spread)

Unit Growth & Franchisee Behavior (Item 20)

Franchise system size and trends

32

Total Units

+7

Net Growth (YoY)

+28.0%

Growth Rate

Franchised Units27
Company-Owned Units5

What the FDD Doesn't Make Obvious

Key considerations beyond the disclosure

Legal History

This FDD discloses litigation history. Review Item 3 carefully to understand the nature and outcome of any legal proceedings.

Real Estate & Location

FDDs often understate the challenge of finding suitable real estate. Site selection, lease negotiation, and buildout timelines can significantly impact your total investment and time to open.

Working Capital Needs

Initial investment ranges often assume a best-case scenario. Many franchisees need additional working capital during the ramp-up period, especially in the first 6-12 months of operation.

Related Resources

Garage Kings Overview

Full franchise profile and details

Is Garage Kings Worth It?

Investment analysis and evaluation

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All Home Services Franchises

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