Start a Granite Garage Floors Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $199K - $400K

Units as of 2024: 50 257.1% over 3 years

Granite Garage Floors opened its doors in 2011 in South Florida to offer homeowners quality garage flooring options. They believe their services are not only quality but industrial quality, with the company offering its commitment to customer service as the cornerstone of its growing business.

With over 10,000 completed jobs, Granite Garage Floors wishes to be the option for homeowners looking for a floor coating that looks professional and is durable. The company focuses only on garage flooring solutions, making their services and care laser-focused. This focus allows Granite Garage Floors to offer what may be an unbeatable satisfaction guarantee for customers.

There are over 10 Granite Garage Floors locations throughout the United States and the company is actively seeking to continue to expand.

Why You May Want to Start a Granite Garage Floors Franchise

A Granite Garage Floors franchisee should be professional, take pride in their work, and pay keen attention to detail and excellence in every finished project. Granite Garage Floors is also looking for individuals who provide the best customer service possible. While mechanical and technical ability would be great, Granite Garage Floors prefers a franchisee with excellent business acumen and professionalism over experience.

Granite Garage Floors prides itself on its quality finishes with each project it takes on. Opening a Granite Garage Floors franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.

What Might Make a Granite Garage Floors Franchise a Good Choice?

In a business world full of similar business opportunities, Granite Garage Floors may stand out as a unique investment opportunity. The Granite Garage Floors business focuses solely on flooring solutions without adding on other products and services. Additionally, the Granite Garage Floors franchise has a turnkey business model and franchise system, including everything a franchisee will need to get them started. Franchisees also have access to considerable, exclusive territories.

To be part of the Granite Garage Floors franchise team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include royalty and renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.

How To Open a Granite Garage Floors Franchise

As you decide if opening a Granite Garage Floors franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Granite Garage Floors franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

Before making any financial commitment or signing an agreement with Granite Garage Floors, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Granite Garage Floors franchising team questions.

Company Overview

About Granite Garage Floors

Industry	Home Improvement
Related Categories	Concrete Coatings, Miscellaneous Home-Improvement Businesses, Miscellaneous Maintenance Businesses
Founded	2011
Parent Company	Threshold Brands
Leadership	Bryan McMurray, Brand Leader
Corporate Address	17700 St. Clair Ave. Cleveland, OH 44110
Social	Facebook, LinkedIn

Business Overview

Franchising Since	2013 (11 years)
# of employees at HQ	11
Where seeking	This company is offering new franchises throughout the US.
# of Units	50 (as of 2024)

Information for Franchisees

Here's what you need to know if you're interested in opening a Granite Garage Floors franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$60,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$199,300 - $400,400
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$150,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$50,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	20% off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	6.5%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing	Granite Garage Floors has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	50 hours
Classroom Training	34 hours
Ongoing Support	Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform
Marketing Support	Ad Templates Social Media SEO Website Development Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	Yes
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	2-10
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes