About PremierGarage (Conversion Offering) Franchise
PremierGarage is a franchise system operated by Organized Spaces, LLC, offering a primarily mobile business for the retail design, sale, and installation of garage organizing units, storage accessories, and garage flooring.
Franchisees use motor vehicles with branded signage to make sales calls and perform installation work, serving residential and commercial customers within their assigned territory.
Sales are generated through local digital marketing, pay-per-click advertising, social media, reviews, canvassing, home shows, and word-of-mouth referrals.
PremierGarage (Conversion Offering) Franchise Cost & Fees
Minimum Investment
$76K
Average Investment
$87K
Maximum Investment
$98K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $0 (Conversion Offering); $19,950 (General Offering) | One-time payment upon signing |
| Royalty Fee | Sliding scale: 7% on first $30,000, 6% on $30,001-$60,000, 5% on $60,001-$120,000, 4% above $120,000 (minimum $750/month first 12 months, $1,500 thereafter) of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | Same as payable under existing Tailored Living franchise agreement (General offering: greater of 1% of Gross Revenue or $500/month, may increase up to 2%) | National brand fund |
| Total Investment Range | $76,250 – $97,500 | Includes build-out, inventory, working capital |
The investment range of $76K–$98K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (Sliding scale: 7% on first $30,000, 6% on $30,001-$60,000, 5% on $60,001-$120,000, 4% above $120,000 (minimum $750/month first 12 months, $1,500 thereafter)) and marketing fee (Same as payable under existing Tailored Living franchise agreement (General offering: greater of 1% of Gross Revenue or $500/month, may increase up to 2%)) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Professional Fees | $750 | $1,500 |
| Inventory | $10,000 | $12,000 |
| Initial Marketing | $10,500 | $19,000 |
| Additional Funds - First 3 months | $55,000 | $65,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $19,950 initial franchise fee + $5,000 per additional territory (new franchisee); $5,000 per territory (existing franchisee) |
| Renewal Fee | $5,000 |
| Technology Fee | $175 per month |
| Audit Fee | Cost of inspection or audit if required due to failure to report, insufficient records, understated Gross Revenue by 5%+, or unapproved vendor purchases exceed 10% |
| Key Account Referral Fees | Negotiated individually per Key Account program |
| Encroachment Payment | 100% of gross sales in another franchisee's territory |
| Transfer Lead Referral Fee | $15,000 or amount of broker fees |
| Insufficient or Late Payment Fee | $300 |
| Convention Fee | $720 plus travel/accommodation (not to exceed $1,500 annually) |
| Optional Meetings and Trainings | $100 to $1,500 depending on venue and delivery |
| Additional Training Requested | $500 per day plus travel and expenses |
| Additional Territory Fee | Then-current Territory Fee (currently $55,000) |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | Already completed as existing Tailored Living franchisee |
| Additional Training | Franchisor may require attendance at additional training courses, seminars, and conferences at no charge. Optional training programs available for a reasonable fee ($100-$1,500). On-site assistance available at $500/day plus travel. Regional meetings held but attendance not currently required. Annual convention optional. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Protected |
| Exclusive Territory | No |
| Territory Size | Approximately 100,000 households, defined by U.S. Postal Service ZIP Codes |
| Description | Franchisor will not establish another franchised business or company-owned outlet using the System and Marks in the territory. However, territory is not exclusive due to Key Account exceptions, joint marketing provisions, Significant Key Account provisions, and franchisor's right to sell under different marks within the territory. Franchisor reserves the right to make internet, catalog, and direct marketing sales within the territory without compensation. Gray Area operations permitted in unassigned adjacent territories but subject to revocation. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | Residue of surrendered Tailored Living franchise agreement term (General offering: 10 years) |
| Renewal Term | 2 consecutive 5-year terms |
| Renewal Fee | $5,000 |
| Renewal Conditions | Pay renewal fee, sign then-current franchise agreement (which may have materially different terms), not be in default, make necessary upgrades to the franchised business, must have materially performed all obligations over the life of the agreement. |
| Transfer Fee | $19,950 initial franchise fee + $5,000 per additional territory (to new franchisee); $5,000 per territory (to existing franchisee). No charge for assignment to a controlled entity. |
| Transfer Conditions | Franchisor must approve all transfers. New franchisee must qualify, complete application, demonstrate skills and economic resources, sign then-current franchise agreement, pay applicable fees. Existing franchisee must be in compliance, sign release, pay all amounts due. Franchisor has right of first refusal. |
| Termination for Cause | Immediate termination without cure for: bankruptcy, abandonment (7+ consecutive days), material misrepresentation, failure to comply with laws (10 days after notice), repeated breaches, seizure of business, felony conviction, failure to pay fees (5 days after notice), imminent danger to public health/safety, termination of other franchise agreements, misappropriation of customer deposits, unapproved vendor purchases >10%, repeated Gross Revenue understatement of 5%+, failure to meet minimum Gross Revenue. 30-day cure period for other defaults. |
| Non-Compete Period | 2 years after termination/expiration |
| Non-Compete Details | During the term: no competing business anywhere in the U.S. or countries where franchisor has registered marks. After termination: 2 years, may not own or operate competing business within the former territory or within 25 miles of any PremierGarage territory in existence or under development. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | No |
| Participation Details | Franchisor prefers franchisees who participate actively in daily operations and does not want passive investors. If the franchisee does not operate the business themselves, they must employ at least one full-time manager who completes initial training. The manager does not need an equity interest. Franchisee must be a company or corporation, and all persons with direct or indirect control or beneficial ownership must sign a Personal Covenant and Guarantee, including spouses. |
| Required Suppliers | Must purchase products only from franchisor or approved suppliers. Approximately 90% of initial purchases and 30-50% of ongoing purchases are subject to supplier restrictions. Must carry at least two weeks of inventory at all times. |
| Supply Restrictions | Purchases from unapproved vendors exceeding 10% of total product purchases constitute a material breach and grounds for immediate termination. Franchisor approves suppliers based on quality, pricing, reliability, and other criteria. Review of proposed new suppliers expected within 30 days. |
| Franchisor Revenue from Suppliers | In 2021, franchisor received $42,439 (0.67% of total revenue) from advertising materials sales and $1,891,964 (29.7% of total revenue) in vendor allowances/rebates, generally 3-7% of purchase price. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | Franchisor does not offer direct or indirect financing and does not guarantee loans, notes, leases, or other obligations. |
PremierGarage (Conversion Offering) Franchise Earnings — Item 19
PremierGarage (Conversion Offering) does not make an Item 19 financial performance representation in their FDD. This means they do not disclose revenue, profit, or earnings data for franchised locations. Before investing, ask the franchisor directly for franchisee contact information so you can speak with existing owners about their actual financial performance.
PremierGarage (Conversion Offering) does not include an Item 19 financial performance representation in their FDD. Contact information for current and former franchisees is listed in Item 20 of the FDD.
PremierGarage (Conversion Offering) Litigation & Risk Flags
Clean Litigation RecordPremierGarage (Conversion Offering) has no pending litigation actions listed in their FDD.
Bankruptcy History DisclosedA bankruptcy disclosure is present in this FDD.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
PremierGarage (Conversion Offering) System Growth
Total Units
164
Franchised
164
Company-Owned
0
PremierGarage (Conversion Offering) currently operates 164 franchised locations and 0 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2019 | 16 | 20 | 156 |
| 2020 | 10 | 11 | 155 |
| 2021 | 15 | 6 | 164 |
Transfers: 0 | Closures: 6
State Registrations
Registered in 14 states: CA, HI, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA, WI
Franchisor Financials (Item 21)
Revenue
$6.4M
Net Income
$175K
Total Assets
$10.3M
Audited by BDO USA, LLP for year ending December 31.
PremierGarage (Conversion Offering) Franchise — FAQ
The total investment to open a PremierGarage (Conversion Offering) franchise ranges from $76,250 to $97,500, per their Franchise Disclosure Document. This includes the initial franchise fee of $0 (Conversion Offering); $19,950 (General Offering). The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
PremierGarage (Conversion Offering) charges a royalty fee of Sliding scale: 7% on first $30,000, 6% on $30,001-$60,000, 5% on $60,001-$120,000, 4% above $120,000 (minimum $750/month first 12 months, $1,500 thereafter) of gross sales, plus a Same as payable under existing Tailored Living franchise agreement (General offering: greater of 1% of Gross Revenue or $500/month, may increase up to 2%) contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the PremierGarage (Conversion Offering) Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from PremierGarage (Conversion Offering) to ensure you have the most up-to-date version.
PremierGarage (Conversion Offering) does not provide an Item 19 financial performance representation in their FDD, which means they do not disclose franchisee revenue or earnings data. Prospective investors should contact existing franchisees directly (listed in Item 20 of the FDD) to gather real-world financial performance information.
PremierGarage (Conversion Offering) has been franchising since 2006. The FDD shows an investment range of $76,250-$97,500, a Sliding scale: 7% on first $30,000, 6% on $30,001-$60,000, 5% on $60,001-$120,000, 4% above $120,000 (minimum $750/month first 12 months, $1,500 thereafter) royalty, and no Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $0 (Conversion Offering); $19,950 (General Offering) and the total investment ranges from $76,250 to $97,500 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from PremierGarage (Conversion Offering) and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with PremierGarage (Conversion Offering) or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com