Garage Door Franchise Investment costs
See if buying a ProLift Garage franchise location is the right career move for you and your family. Learn about our total garage franchise price, including what to budget for equipment, staff, and franchise fees.
The Initial Investment
Our estimated initial ProLift Garage franchise price is $106,100 to $145,000 as of 2023.
See how this amount breaks down below.
|
Type of Expenditure |
Estimated Amount |
|---|---|
|
Initial Franchise Fee |
$65,000 |
|
Real Estate &/or Leasehold Improvements |
$0–$3,000 |
|
Vehicle |
$1,500–$5,000 |
|
Insurance |
$2,000–$5,000 |
|
Technology Fee |
$5,000 |
|
Equipment & Supplies |
$3,500–$7,000 |
|
Signage |
$3,000–$4,000 |
|
Licenses & Bonds |
$100–$1,500 |
|
Initial Training Expenses |
$2,000–$4,000 |
|
Grand Opening Costs |
$2,500–$5,000 |
|
Professional Services (Lawyers, CPAs, etc.) |
$1,500–$3,000 |
|
Additional Funds for the First 3 Months |
$20,000–$37,500 |
|
Total |
$106,100–$145,000 |
How Your Investment Opens the Door to Opportunity
Your initial investment gives you a leg up with a recognizable name in a niche, in-demand home services industry.
How the ProLift Investment Compares to Our Other Brands
The ProLift estimated initial cost is fairly similar to our other home service brands. However, you will likely spend more up front on equipment and supplies for garage door installation and repair than some of our less equipment-heavy niches like painting or junk-removal. ProLift’s very specific niche makes it an incredibly recession-proof business model, which may be worth the extra expenditure at the start.
Where Does Your Investment Go?
Our corporate office collects the $65,000 initial franchise fee and $5,000 technology fee, which will give you access to our robust training program and superior support. We will also help you set up all of the technology you need and provide you with approved vendors for nearly every aspect of your business. Outside of these vendors, we encourage you to reach out to third-party service professionals like lawyers and accountants to review your contract before signing and help you budget and finance your business.
Is Buying a ProLift Garage Door Franchise the Right Career Move?
Our best-in-class training and support will give you all the knowledge you need to open a ProLift franchise location, whether or not you have previous industry experience. The model works best for ambitious entrepreneurs looking for financial freedom and the support of a strong, like-minded community.
The Benefits and Responsibilities of Financial Freedom
If you make the leap to become a small business owner, you’ll benefit from taking complete charge of your time and money. At the same time, your risks will rise, as you alone will be ultimately responsible for the success of your new business. Ensure that you can comfortably make the initial investment and are motivated to learn, lead, and continuously grow your business before deciding to become an owner.
How Joining a Franchise Helps You Succeed
If you were to start your own local garage door business, you would have to tackle a barrage of little decisions and problems that are already accounted for in our franchise model. Our training and support gets you up to speed much more quickly, and will help you open your business in just 60 to 90 days so you can start making back your investment sooner. Plus, having a community of other franchisees to strategize and discuss challenges with can help you achieve your long-term goals.
Why Our Franchise Is a Cut Above the Rest
Our corporate team is always researching and chasing the next innovation in tech, which is especially important in a technology-based business like garage door installation and repair. With eight other home service brands, the ability to receive and refer business to other local Premium Service Brands owners makes us unique. You may even be able to enter into other home service niches within your protected territory if your initial business succeeds.
Are You Ready to Take the Leap?
If you’re unsure if ProLift Garage Doors is the right brand for you, take your time exploring our eight other home service brands. But if you’re ready to take the next step toward ProLift franchise ownership, request more information now.
