Bottom line
- Total investment $122K – $322K including a $60K franchise fee, 6.5% ongoing royalty.
- Average unit revenue of $1.6M/year (median $1.4M).
- Rated STRONG with a risk score of 52/100. SBA loan default rate of 0.0% across 31 loans (below the industry average).
- System growing at 19.5% CAGR over 3 years with 51 total units — strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Garage Living unit return on the cash you put in?
Unlevered ROIC · per unit
67%
Above typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Garage Living units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$1.1M
on $5.6M purchase
Total debt
$4.5M
SBA $2.8M + senior + seller note
Overview
About
Garage Living franchisees operate garage organization, storage solutions, and home improvement retail/installation businesses serving residential customers. Day-to-day operations include design consultations, product sales, installation services, customer relationship management, and territory-based marketing to build recurring revenue from organizing and upgrading garage spaces.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 18 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Declining unit base, undisclosed profitability, active litigation, and opaque royalty structure create material risk despite solid average revenue figures.
Score breakdown · what drove the 52 / 100 rating
- 01MINORUnit count declining 2.0% YoY (51 units) indicates shrinking system momentum despite $1.6M average revenue
- 02MEDNo disclosed average net income makes ROI calculation impossible; cannot verify $121.5K-$321.6K investment justifies 5-year term
- 03HIGHActive litigation by franchisor against former franchisees over post-term covenants suggests enforcement disputes and potential franchisee dissatisfaction
- 04MINORDual royalty structure ($2K/month secondary markets) lacks transparency on which territories qualify and expected franchisee volume
- 05MEDHigh franchise fee ($60K) + investment range ($121.5K-$321.6K) combined with unit decline raises sustainability concerns
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
42 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Garage Living · FDD (2025) PDF