Investment

*None of the fees paid to us are refundable.  The fees paid to VHPC are refundable, less a 25% restocking fee, if you return items purchased from them in new condition.  Whether such fees paid to third parties are refundable would depend upon the policies of the third parties.

1. Initial Franchise Fee. We offer a 10% discount on the initial franchise fee for a Veteran honorably discharged from any branch of the U.S. armed forces within ten (10) years of applying for a franchise with us.  We offer a 10% discount on the initial franchise fee for a first responder that has retired within ten (10) years of applying for a franchise with us.  The initial franchise fee is due to us in full when you return to us signed copies of your Franchise Agreement, and before you attend initial training. 

The Initial franchise fee is fully earned when paid and is not refundable.

2. Equipment, Furniture, Fixtures, and Signage. You will pay approximately $23,500 of this amount to our affiliate, VHPC, for installation equipment, coating materials, sundry items, and trade show floor, and the remainder to third party vendors.  

3. Vehicle. You must own, purchase or lease the number of vehicles (“Vehicles”) meeting our standards and specifications on which the GarageExperts advertising wrap is placed that are needed to enable you to meet customer demand. These figures include the estimated upfront costs and the first three months’ payments (a total of approximately $2,000) to lease a vehicle if you do not already have one, as well as the estimated cost to make certain modifications and additions to the vehicle(s) as we require, including, installing decals, vehicle wraps, logos, and racks.   We expect the vehicle wrap will cost at least $2,000.  

4. Computer Hardware and Software. These are the estimated costs for a laptop and designer software.  We have not included the cost of required hardware and software maintenance agreements, if any.  These amounts also include the $1,000 Technology Set Up Fee paid to us.

5. Cellular phone.  You will need a cell phone. 

6. Wages, Travel and Living Expenses During Training. You must pay the expenses of person attending the Initial Training Program including transportation, lodging, meals and wages. The estimates above contemplate the training of 2 persons for 5 days in Grapevine, Texas.

7. Leasing Costs (3 mos.). You are required to lease a small warehouse space that has an attached office space for your operations. 

8. Advertising. This estimate covers a start-up advertising budget online advertising, and other advertising. 

9. Insurance Deposits and Premiums (3 mos.). This is an estimated down payment against the annual premiums you must pay for the insurance required under the Franchise Agreement and Manuals.  This estimate is for workers’ compensation, errors and omissions, automobile, and comprehensive general liability insurance.

10. Licenses and Permits.  You will need appropriate state and local licenses to operate this business. 

11. Professional Fees.  You should have an attorney or accountant assist you with this franchise purchase, entity set up, and ongoing bookkeeping needs.

12. Miscellaneous Supplies.  You will need miscellaneous supplies. 

13. Additional Funds- 3 months.  You will need additional funds for miscellaneous costs, any payroll, and other expenses.  These figures are estimates of your initial expenses covering the first three months of your operation, which we base upon our years of experience with this franchise concept.

14. Total.  Does not include royalties or advertising fees. We cannot guarantee that you will not have additional expenses starting the business.  You should review these figures carefully with a business advisor before making any decision to purchase the franchise.

15. Financing.  We do not offer financing directly but can refer you to third parties for financing options on the initial investment, as we disclose in more detail in Item 10 below.