FranchiseVerdict
PREMIERGARAGE logo
FV-02025·MODERATEExcellent95

Premiergarage

Home Services - OtherFranchising since 2006Website
Investment
$187K – $284K
89th pct Other
Avg revenue
$375K
11th pct Other
Royalty
Units
134
78th pct Other
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $187K – $284K including a $20K franchise fee.
  • Average unit revenue of $375K/year (median $312K).
  • Rated MODERATE with a risk score of 63/100. SBA loan default rate of 0.0% across 4 loans (below the industry average).
  • System contracting at -16.8% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).

Item 1 · who you're contracting with

The Franchisor

Legal entity
Organized Spaces, LLC
Parent company
Home Franchise Concepts, LLC
Incorporated in
California
HQ
19000 MacArthur Boulevard, Suite 100, Irvine, CA 92612
Auditor
PricewaterhouseCoopers LLP
Audited financials
Franchisor revenue
$143.3M
vs $145.5M prior year

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 PREMIERGARAGE unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $375,255
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: restoration
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $187K–$284K
Working capital
$
FDD reports $31K–$46K

Unlevered ROIC · per unit

16%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$45K
EBITDA margin
12.0%
Total invested
$274K
Payback
73 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 PREMIERGARAGE units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$375K

on $1.9M purchase

Total debt

$1.5M

SBA $0.9M + senior + seller note

Overview

About

PREMIERGARAGE franchisees design, sell, and install custom garage storage systems (cabinets, shelving, flooring) for residential and light commercial clients. Day-to-day operations include in-home consultations, design work, material sourcing, installation project management, and customer service across a protected local territory.

CEO
Jarrett Smith
Founded
2006
FDD year
2026
States available
30

Item 7 · what it costs

The Vitals

Total investment
$187K – $284K
All-in to open one unit
Liquid capital
$31K – $46K
Cash you must have on hand
Franchise fee
$20K
Royalty
greater of: (a) 5.0% of your Gross Revenue or (b) $500 pe…
Ad fund
1.0%
typical 3–5%
Total fee load
6.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$375K
Per unit, per year
Median gross sales
$312K
Item 19 type
Gross Sales
Sample size
43 units
vs category median 21 · large
Range (low → high)
$12K$1.6M
Cohort dispersion
Transparency
4 / 5
vs category median 4 / 5 · typical
Revenue rank11th
vs Home Services - Other peers
Investment cost rank89th
Lower investment ranks lower (better)
Royalty rate rank54th
Lower royalty = lower percentile (better)
Unit count rank78th
vs Home Services - Other peers
Risk score rank67th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
134
Opened
0
Last reporting year
Closed
12
Turnover rate
9.0%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
-8.2%
Net unit change last year
3-yr CAGR
-16.8%
Compounded over last 3 years
2024
134-12
Franchised units
2025
146
Franchised units
2026
161
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 21 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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 21 states
Not registered

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.

Total loans
4
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

63
Risk · 0-100
MODERATE63 / 100

PREMIERGARAGE presents meaningful risk: contracting franchise system (-8.2% YoY), undisclosed profitability metrics, compliance history, and aggressive dual royalty structure create ROI uncertainty despite protected territories and moderate initial investment.

Score breakdown · what drove the 63 / 100 rating

  1. 01MEDUnit decline of 8.2% YoY indicates system contraction and reduced franchisee success/retention
  2. 02MEDNet income not disclosed in Item 19 prevents ROI validation; only average revenue ($375k) provided without profitability context
  3. 03MINORRoyalty structure of 5% + $500-$1,000/month creates high fixed costs ($6k-$12k annually) that may not be justified for lower-revenue territories
  4. 04HIGH2006 litigation history (Maryland Securities Division consent order on affiliate Aussie Pet Mobile) signals prior compliance/disclosure failures and reputational risk
  5. 05HIGHGoing Concern status 'False' is ambiguous but combined with shrinking unit count raises sustainability concerns
  6. 06MED10-year term is lengthy; combined with -8.2% YoY decline, suggests franchisees may be locked into underperforming investment

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
ZIP Codes
Protected territory
Yes
Initial term
10 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
1
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
California

Item 11

Training & Operations

Classroom training
80 hrs
On-the-job training
0 hrs
POS system
Serviceminder
Operating tech stack

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

49 numbers

Locked
(239) 291-••••
FL
(678) 835-••••
GA
(919) 355-••••
NC

One-time purchase · CSV download · Validation questions included

FDD download

PREMIERGARAGE · FDD (2026) PDF

Single-page checkout · instant download · CSV export of contacts available separately above