Garage Kings franchise research

Investment by format

Format-specific estimates only. Do not combine one format's minimum with another format's maximum.

Investment sourceFDD p.18 ↗

Franchise fees and ongoing costs

Franchise fee

$35,000 to $60,000 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review.

Royalty

6% · 6% of Weekly Gross Revenue, payable weekly

Marketing contribution

2% (basis not captured; see original filing)

Technology fee

$100 per week (subject to increase), payable same time as Royalty

Other fees

Call Center Fee: 1.5% of weekly Revenue (required); POS System: $375/month (third-party); Regional Advertising Cooperative: 1-2% of Gross Revenues if established

Working capital (FDD Item 7)

$10,595 to $25,595 - estimated payroll, payroll taxes, utilities, vendor costs, advertising/promotion, ongoing Royalty Fees, Brand Development Fund contributions, an annual CareerPlug fee, and similar costs during the first 3 months after opening.

Fees sourceFDD p.10 ↗

Working capital is drawn from Item 7. The Investment source below locates the investment section, not an independently verified working-capital scalar.

Investment sourceFDD p.18 ↗

Franchise fee sourceFDD · page not captured ↗

Financial performance: Item 19

Item 19 captured

Yes

Metric / basis

Per-location actual Revenue, Net Revenue, and select disclosed operating expenses for individual outlets (no single system-wide average/median figure is stated by the franchisor)

Reporting period

Calendar year ended December 31, 2023 (the "Measurement Period")

Sample

14 of the system's locations submitted financial statements for the full Measurement Period (5 affiliate-owned, 9 franchised); all other locations were excluded

Reported average

$776,418

Reported median

$739,108

Owner income is not captured. Gross sales and EBITDA are not owner pay. Results depend on the disclosed metric, sample and period; consult the full filing.

Item 19 performance sourceFDD p.53 ↗

Unit growth: Item 20

Reporting year

2023

Scope

franchised outlets

Starting outlets

20

Year-end outlets

27

Net change

+7

Derivation

ending minus starting outlets

Openings

13

Terminations

4

Non-renewals

0

Other closures

2

Reacquisitions

0

Transfers

1

Transfers are not closures. Net change is ending minus starting outlets for the stated scope and year, or complete openings less terminations, non-renewals, other closures and reacquisitions. Missing inputs stay unknown.

Unit growth sourceFDD p.57 ↗

SBA loan history

Loan activity

6 approvals

Activity window

FY2021-FY2026 YTD; snapshot 2026-06-30

Median SBA loan

$262,000

Median loan window

FY2023-FY2026 YTD through 2026-06-30

Median loan sample

5 loans

Historical charge-off share

Suppressed: fewer than 10 seasoned loans

Cohort

7(a) FY2010-2019 approvals

Numerator / denominator

0 / 0

Formula

CHGOFF / (PIF + CHGOFF + EXEMPT) × 100

This is a historical loan-level share, not a franchise failure probability or location survival rate. Loan size is not total investment. Other loan statuses are excluded from the seasoned denominator. Activity combines 7(a) and 504 approvals, excluding canceled and not-funded records; this is not a rolling five-year count. FY2024-25 franchise tags are sparse after directory suspension; fewer tagged loans do not establish brand decline. Recent charge-off cohorts are immature.

SBA loans sourceSBA data · Jun 30, 2026 ↗

Median loan amounts are financing context, not startup cost. The median window is separate from the seasoned charge-off cohort.

Median SBA loan sourceSBA data · Jun 30, 2026 ↗

Questions before you invest

How much does Garage Kings franchise cost?

Standard (single Territory): $189,493 to $238,253; Three Territories: $335,041 to $383,801 These are format-specific estimates, not a guaranteed cash requirement. Franchise fee: $35,000 to $60,000 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review..

Investment sourceFDD p.18 ↗

Franchise fee sourceFDD · page not captured ↗

How much do Garage Kings owners make?

Owner income is not captured. Gross sales and EBITDA are not owner pay. Item 19 metric: Per-location actual Revenue, Net Revenue, and select disclosed operating expenses for individual outlets (no single system-wide average/median figure is stated by the franchisor). Sample: 14 of the system's locations submitted financial statements for the full Measurement Period (5 affiliate-owned, 9 franchised); all other locations were excluded. Period: Calendar year ended December 31, 2023 (the "Measurement Period").

Item 19 performance sourceFDD p.53 ↗

What's the SBA charge-off rate for Garage Kings?

Suppressed: fewer than 10 seasoned loans; numerator / denominator: 0 / 0. Historical 7(a) FY2010-2019 approvals; CHGOFF / (PIF + CHGOFF + EXEMPT) × 100, snapshot 2026-06-30. This is not a franchise failure probability. Median SBA loan: $262,000; window: FY2023-FY2026 YTD through 2026-06-30; sample: 5 loans. Median financing is not total investment.

SBA loans sourceSBA data · Jun 30, 2026 ↗

Median SBA loan sourceSBA data · Jun 30, 2026 ↗