Garage Living vs THE TAILORED CLOSET
Franchise Comparison 2026
Both Garage Living and THE TAILORED CLOSET are home services franchises. Garage Living requires an investment of $122K – $322K while THE TAILORED CLOSET requires $177K – $271K. In terms of revenue, Garage Living reports higher average unit revenue at $1.6M. Garage Living has SBA lending data on file with a 6.7% charge-off rate. FranchiseVerdict rates Garage Living A (Top Quintile) and THE TAILORED CLOSET A (Top Quintile).
| Metric | Garage Living | THE TAILORED CLOSET |
|---|---|---|
| Verdict Grade | ATop QuintileTop Quintile | ATop QuintileTop Quintile |
| Investment Range | $122K – $322K | $177K – $271K |
| Franchise Fee | $60K | $20K |
| Royalty Rate | 6.5% | greater of: (a) 5% of Gross Revenue or (b) $500 per month per territory for the first year and $1,000 per month thereafter |
| Average Revenue (Item 19) | $1.6M | $507K |
| SBA Charge-Off Rate | 6.7% (15 loans) | N/A |
| Total Units | 51 | 136 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 2015 | 2006 |
| FDD Year | 2025 | 2026 |
Investment Range
$122K – $322K
$177K – $271K
Franchise Fee
$60K
$20K
Royalty Rate
6.5%
greater of: (a) 5% of Gross Revenue or (b) $500 per month per territory for the first year and $1,000 per month thereafter
Average Revenue (Item 19)
$1.6M
$507K
SBA Charge-Off Rate
6.7% (15 loans)
N/A
Total Units
51
136
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
2015
2006
FDD Year
2025
2026