Garage Kings franchise
2024 filing · April 30, 2024GrowingShares sales figures
Garage Kings at a glance
A garage floor business installing epoxy coatings and decorative epoxy floors for homes and businesses. At the end of 2023 there were 32 Garage Kings locations in the US, 27 franchised and 5 company-owned.
The business
- Industry
- Home service
- Franchisor
- GK USA Franchise, LLC
- The company that sells the franchises
- Current franchisor selling since
- 2020
- 4 years of selling franchises
- Franchisor based in
- Wilmington, Delaware
What you pay
- Cost to open
- $189K–$238K
- Fee, build-out and opening working capital
- Franchise fee
- $60,000
- For a territory of about 100,000 owner-occupied single-family homes.
- Royalty
- 6%
- 6% of weekly gross revenue
- Brand fund
- Yes
- $1,000 at the start, then 2% of weekly revenue, paid weekly
- Renewal fee
- $5,000
- When the agreement ends and you sign again
- Agreement length
- 10 years
- Franchisor financing
- None offered
Where it is
- US locations, 2023
- 32
- Franchised and company-owned
- Franchised
- 27
- Company-owned
- 5
- Change in 1 years
- +11
- Franchised locations, 2021–2023
- States
- 16
- Most in Texas, Georgia and Nevada
Support and records
From GK USA Franchise, LLC’s 2024 filing; revenue and net loss from its audited financial statements, page 68; SBA status from the SBA Franchise Directory, October 28, 2026.
Franchisor revenue is the company that sells the franchises (royalties, fees and anything else it earns), not what a location makes.
Where it ranks
Garage Kings among all franchises with the same figure.
| Figure | Garage Kings | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $213,873 | Costs less than 68% of franchises |
| Franchise feePaid once, when you sign | $60,000 | Higher than 88% of franchises |
| RoyaltyShare of sales paid to the franchisor | 6% | Higher than 35% of brands with a set rate |
| US locationsFranchised and company-owned | 32 | More than 57% of franchises |
How much a Garage Kings franchise costs
Opening one Garage Kings costs an estimated $189,493 to $238,253. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: GK USA Franchise, LLC, 2024 filing, page 18
Garage Kings franchise fee
The franchise fee is $60,000, For a territory of about 100,000 owner-occupied single-family homes.. You pay it when you sign the franchise agreement.
Source: GK USA Franchise, LLC, 2024 filing, page 9
Royalty and ongoing fees
| Royalty | 6% of weekly gross revenue. |
|---|---|
| Brand or marketing fund | $1,000 at the start, then 2% of weekly revenue, paid weekly. |
| Technology Fee | Currently, $100 per week |
| Transfer Fee (Franchise Agreement) | $10,000 |
| Renewal Fee | $5,000 |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: GK USA Franchise, LLC, 2024 filing, page 10
Other fees as filed, from pages 11–14. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Garage Kings publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
- Average net sales
- $677,066
- Median net sales
- $663,027
Yearly figures for 2023, covering franchised and affiliate-owned locations open all of 2023 that sent statements (14 locations). The average and median are worked out from each location's sales as listed in the filing. The average is about 3.2 times the midpoint of the cost to open.
Sales are what a location takes in before rent, payroll, royalties and other costs, not what its owner keeps.
Source: GK USA Franchise, LLC, 2024 filing, pages 53–54
SBA loans to Garage Kings franchisees
Lenders approved 6 SBA 7(a) loans for Garage Kings franchisees from 2021 to 2025, $1.63M in all. All 2 that have ended were paid in full; none was charged off. The other 4 haven’t ended yet.
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
How Garage Kings compares
Of the 475 home service franchises on this site, Garage Kings is the 404th cheapest to open and the 237th largest by number of locations.
| Figure | Garage Kings | Typical home service brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $189K | $115K | $222K |
| Cost to open, high end | $238K | $202K | $477K |
| Franchise fee | $60K | $50K | $40K |
| Royalty | 6% | 7% | 6% |
| US locations | 32 | 40 | 21 |
| Closed or left per year | 30% | 6.5% | – |
| Change in franchised locations, 1 yrs | +68.8% | +15.9% | – |
| Shares earnings figures | Yes | 367 of 475 | 2,147 of 3,352 |
Typical is the median across the 475 brands in home service franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2019 | 22 (+7) | 0 | – | – |
| 2020 | 18 (−4) | 0 | – | – |
| 2021 | 20 (+4) | 3 | – | – |
| 2022 | 20 (0) | 5 | – | – |
| 2023 | 27 (+7) | 5 | +13 | −6 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating. Counts include licensees operating under the Garage Kings name.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Over 5 years, from the start of 2019 to the end of 2023, franchised locations went from 15 to 27 (+12, +80%). The earlier years come from the brand's 2022 filing.
Source: GK USA Franchise, LLC, 2024 filing, page 57
2019–2020: GK USA Franchise, LLC, 2022 filing, page 59
Where Garage Kings locations are
At the end of 2023, Garage Kings had franchised locations in 16 states. The most are in Texas, Georgia and Nevada.
- Texas4
- Georgia3
- Nevada3
- California2
- Colorado2
- Massachusetts2
| State | Franchised |
|---|---|
| Texas | 4 |
| Georgia | 3 |
| Nevada | 3 |
| California | 2 |
| Colorado | 2 |
| Massachusetts | 2 |
| New Jersey | 2 |
| Delaware | 1 |
| Florida | 1 |
| Indiana | 1 |
Source: GK USA Franchise, LLC, 2024 filing, page 57
Who owns Garage Kings?
Garage Kings franchises are sold by GK USA Franchise, LLC.
From GK USA Franchise, LLC’s 2024 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | Yes. The filing describes past or pending cases involving the franchisor, its affiliates or its executives on pages 8–9. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: GK USA Franchise, LLC, 2024 filing, litigation on pages 8–9, bankruptcy on page 9
Garage Kings filings
A franchisor files a new disclosure each year it sells franchises. The figures on this page come from GK USA Franchise, LLC’s 2024 filing, issued April 30, 2024; the earlier ones below are on record with the Minnesota Department of Commerce and fill in older location counts.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | April 30, 2024 | Minnesota | Costs, fees and locations, 2021–2023 |
| 2022 filing | – | Minnesota | Locations, 2019–2020 |
Each link opens the filing as a PDF. See the newest filings across all brands.
