iFoam vs Garage Living
Franchise Comparison 2026
Both iFoam and Garage Living are home services franchises. iFoam requires an investment of $172K – $266K while Garage Living requires $122K – $322K. In terms of revenue, Garage Living reports higher average unit revenue at $1.6M. On SBA loan performance, iFoam has a lower charge-off rate (6.1%) compared to Garage Living (6.7%). FranchiseVerdict rates iFoam C (Average) and Garage Living A (Top Quintile).
| Metric | iFoam | Garage Living |
|---|---|---|
| Verdict Grade | CAverageAverage | ATop QuintileTop Quintile |
| Investment Range | $172K – $266K | $122K – $322K |
| Franchise Fee | $15K | $60K |
| Royalty Rate | The greater of (i) $3,000 per month; or (ii) $3.00 per 1,000 general population | 6.5% |
| Average Revenue (Item 19) | $1.4M | $1.6M |
| SBA Charge-Off Rate | 6.1% (66 loans) | 6.7% (15 loans) |
| Total Units | 90 | 51 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 2022 | 2015 |
| FDD Year | 2025 | 2025 |
Investment Range
$172K – $266K
$122K – $322K
Franchise Fee
$15K
$60K
Royalty Rate
The greater of (i) $3,000 per month; or (ii) $3.00 per 1,000 general population
6.5%
Average Revenue (Item 19)
$1.4M
$1.6M
SBA Charge-Off Rate
6.1% (66 loans)
6.7% (15 loans)
Total Units
90
51
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
2022
2015
FDD Year
2025
2025