GarageTek Inc.

Founded: 2000 Franchising since: 2001

5 Aerial Wy., #200 Syosset, New york 11791

Phone: (516)621-4300

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	37	0	4	0
2008	45	2	4	0
2007	45	1	1	1
2006	45	1	1	2
2005	43	1	1	2

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Midwest, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, West, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Western europe

Exclusive territories available.

Total investment: $75K-255K Franchise fee: $25K/50K

Ongoing royalty fee: 6% Term of agreement: Term of agreement not renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	Yes
Startup Costs	No	Yes
Equipment	No	Yes
Inventory	No	Yes
Accounts Receivable	No	Yes
Payroll	No	Yes

Qualifications
Net worth requirement: $1M
Cash liquidity requirement: $500K

Operations

• Franchise can be run from home
• Absentee ownership of franchise is NOT allowed.

Franchise 500® rank:
#409 (2006); #359 (2005);

Ranked #1 in category in:
2005;

Top New Ranking:
#32 (2006); #25 (2005);