Steps to Becoming a Garage Door Franchisee
By joining a garage door franchise and becoming franchise owner (also called a franchisee), you can capitalize on the reputable name and marketing strategies of brand-name garage door companies.
Suppose you have experience managing a garage door contracting company but want to expand your business and earn higher profits. Accepting a garage door franchise opportunity could be a game-changing course of action for your business.
Learn everything about garage door franchise opportunities with premium service brands in the garage door industry. Below, we’ll cover the five best garage door franchise opportunities, franchise fees, and if franchising is right for you.
What Is a Garage Door Franchise Opportunity?
Garage door franchise opportunities are openings for qualified garage door technicians and company owners to join a brand name as one of the locations among many.
When you become a garage door industry franchisee, you adopt the branding, name, and desired location of the franchise for a monthly franchise fee.
The franchisor provides guidance, training, workplace safety, marketing plans, and hiring practices. The franchisor will also decide the address of the franchisee’s storefront.
Joining a garage door franchise is a fantastic opportunity to use a reputable garage door company’s good name to drive sales and get impressive returns on initial investments.
To become a franchisee, you must pay a franchise fee and startup costs and provide credibility to your business. These qualifications help ensure you have the experience to manage and operate to your franchisor’s standards.
Are you ready to learn more about accepting a garage door franchise opportunity? Below, we’ll discuss if franchise ownership is right for you, the top five garage door franchise opportunities, and things to consider before signing on the dotted line.
Is Franchising Right For You?
There are many great things to be said about joining a franchise. The big brand name helps small companies get into the steady-demand industry of garage doors with minimal financial risk and maximum support. While you won’t exactly be a home based franchise, you won’t have to invest in a storefront either. Home services franchises like garage door services obviously must visit the customer’s home (or place of business for commercial garage door repair).
Joining a franchise means your company will have standardized practices for employee training, hiring, and job roles. You’ll also have direction on how to market and drive business to your franchise location successfully.
However, reporting and adhering to the franchisor’s protocols is a downside for some independent garage door contractors. Depending on the franchise and terms, you might lose control over aspects you enjoy about running your garage door business, like service calls or offering alternative options to customers.
If handing over the reigns is something you see as a good thing, then franchising is worth considering for your company. Franchising opportunities are low-cost investment options that find customers and attract business.
Franchising Fees
Every franchise opportunity has associated franchise fees that differ in price. The initial fee is not the only fee for joining a franchise. Consider the total upfront costs of joining a franchise when investing.
First, you’ll pay an initial franchise fee. The first franchise fee is an initial fee to join the network of garage door companies and is paid up-front as a way to verify your company’s credibility. Some franchisors require around $50,000 to join their franchise, while others are around $15,000. We’ll discuss each company’s franchising fees below.
After the initial fee, there are more costs for getting the new franchise location up and running to perfection. These additional costs for opening a new franchise are the total upfront costs. Each franchisor will specify the costs in advance.
The range of franchising fees and total costs are crucial things to consider, depending on how profitable your garage door repair business is.
Top 5 Garage Door Franchise Opportunities
Discover five of the best garage door franchise opportunities with premium service brands below. We’ll discuss details like franchise fees, net worth requirements, and amazing features for each.
1. ProLift Garage Doors Franchise
The ProLift Garage Doors franchise opportunity is an exciting way for experienced garage door contractors to boost their sales by using one of the most reputable names in the industry.
ProLift Garage Doors provides services like repairs, installation, replacement, and garage door servicing for commercial and residential clients. When you join the ProLift franchise, you’ll have expert guidance in recruiting, retention, efficiency, and top-notch customer service.
Details about the requirements for ProLife garage door franchises include the following:
- Net worth requirement of $200,000
- Total upfront costs between $90,000 and $140,000
- $50,000 franchise fee
- 10% discount on the franchise fee for veterans
- Third-party financing available
ProLift Garage Doors Franchise Overview Video
2. Precision Garage Door Franchise
The Precision garage door service franchise opportunity is an exceptional option for garage door professionals that want to own their own business with the support they need to run it successfully. You only need one to four employees to run a Precision garage door service franchise.
Precision has garage door experts and locations nationwide so that franchisees will see high-volume online and foot traffic for garage door installations, service requests, and more.
Details about the requirements for joining the Precision garage door service franchise include the following:
- Net worth requirement of $100,000 to $200,000
- Total upfront costs between $70,000 and $307,000
- $10,000 to $100,000 initial franchise fee
3. Access Garage Doors Franchise
The Access Garage Doors franchise opportunity is another exceptional choice for becoming a franchisee of a successful garage door company. Access Garage Doors is one of the best budget-friendly franchise opportunities for those who want lower net worth requirements and franchise fees.
Some details about Access Garage Doors franchising include the following:
- Net worth requirement of $100,000
- Total upfront costs between $35,000 and $100,000
- $15,000 franchise fee
- 20% discount on the franchise fee for veterans
- Third-party financing available
Access Garage Door Franchise Information from the Torsion Talk Podcast
4. GarageTek Garage Doors Franchise
GarageTek is a reputable name in the garage door industry, seeking businesses to join their franchise. GarageTek offers a customized range of services that make garages exceptional extensions of a home.
Details for signing up as a franchisee with GarageTek include the following:
- Net worth requirement of $1,000,000
- Total upfront costs between $250,000 and $300,000
- $50,000 franchise fee
5. Aladdin Doors Franchise
The Aladdin doors franchise opportunity is another outstanding choice to increase sales and revenue with a reputable brand name that homeowners trust.
Details for signing up with this expert franchisor in the garage door industry include the following:
- Net worth requirement of $100,000
- Total upfront costs between $30,000 to $100,000
- $10,000 to $30,000 franchise fee
Aladdin Doors Franchise Overview
Bonus Franchise Ownership Idea: Garage Kings
Garage Kings is a bit of a different franchise offering than strictly garage door maintenance and repair. Garage Kings is more about helping residential homeowners make the most of their garage. Their goal is transform garages with epoxy flooring services and storage systems – in addition to servicing garage doors and garage door openers.
The company has an established brand and offers the following to each franchise business owner.
- Comprehensive Training and Support: Franchisees receive extensive training in installation, management, and sales techniques, ensuring they are well-prepared to operate their business effectively.
- Access to Proprietary Products and Processes: Franchisees benefit from exclusive products and processes that enhance service quality and customer satisfaction.
- Marketing and Sales Tools: The franchise offers best-in-class marketing and sales tools to help franchisees effectively reach and serve their target market.
- Mentorship and Ongoing Support: Franchisees have access to quality mentors and continuous support, assisting them in navigating challenges and growing their business.
Things To Consider
If you’re still wondering if accepting a garage door franchise opportunity is right for you, there are a few important things to consider to help make your decision.
First, do some research, then ensure you have the proper qualifications, and seek legal advice before signing a franchise contract.
Research
Get to know about the franchise you’re interested in joining. You want to feel confident that the franchisor’s oversight can mesh with your workstyle and current team.
Ask for firm numbers on franchising fees and company sales figures so that the numbers are clear from the get-go and you can calculate the return on investment (ROI.)
Another great method to research franchise opportunities is to speak with other franchise owners to understand their pain points during the transition phase and how they alleviated over time.
While franchisors generally provide excellent business operations advise to franchisees, marketing in particular can be problematic. If you have questions, be sure to ask about our garage door repair marketing services.
Qualifications
While the franchise fee is one way that a company will qualify to join a franchise, there are other credibility checks a company must pass before getting approved.
Above basic knowledge of the parts of a garage door, franchisors require franchisees to submit financials to verify their net worth. Each company has different net worth requirements to qualify.
Legal Advice
Alongside speaking with other franchise owners for advice, seek legal advice when accepting a garage door franchise opportunity. You’ll want help navigating franchise disclosure documents, insurance information, and garage door building permit requirements with the franchise.
Once you’ve considered the things above, you’re ready to sign your contract and get started on your new garage door enterprise.
