Garage Storage Franchise Options and Alternatives
As the need for efficient storage solutions continues to grow, the garage storage franchise niche is more relevant than ever. But what exactly should you consider when choosing a storage business? Let's look at the pros and cons of garage storage and explore why franchises like Kitchen Wise & Closet Wise might be a better business opportunity.
The garage organization and storage market size was valued at $23.30 billion in 2022. Garage storage is being fueled by consumer demand to create multifunctional spaces, particularly as baby boomers downsize and search for storage solutions, according to Grandview Research. A recent survey reveals that 36% of Americans can no longer park vehicles in their garages due to clutter, and 62% feel their garage is the most cluttered space in their home. Additionally, more than half of U.S. adults use their garages for DIY projects, indicating a need for functional and organized spaces.
Pros and Cons of Garage Storage Businesses
A garage storage franchise offers the advantage of tapping into growing demand and providing solutions to a common organizational problem. However, the target market for a garage organization business is relatively specific, limiting the number of potential customers, especially in urban areas where an attached garage is not the norm. Attracting new customers in a niche market requires targeted marketing strategies, which can be expensive and put a damper on potential profitability.
A Home Organization Solution
A home organization franchise caters to multiple areas of the home, not just the garage, providing a diverse range of services. Diversification provides opportunities to upsell different services and products, enhancing the overall profitability of the business. As you help clients organize one area of their home, they are more likely to use your services for other areas, leading to repeat business and increased customer loyalty. A business that addresses multiple aspects of home organization may be more resilient to economic fluctuations, as clients prioritize different areas of their home based on changing needs and budgets.
Why Choose Kitchen Wise & Closet Wise?
Kitchen Wise & Closet Wise is a home organization franchise that helps people declutter their homes to make their kitchens, pantries, and bathrooms more intelligent, efficient, and elegantly designed. Our brand stands out for several reasons:
Broad market appeal: We address organizational needs throughout the home, from kitchens to closets, appealing to a wider customer base.
Versatility: We offer customized solutions, which are adaptable to various home styles and customer preferences.
Consistent demand: The need for home organization is perennial, ensuring steady business opportunities.
Strong franchisor: Kitchen Wise & Closet Wise is one of Premium Service Brand’s (PSB) nine home services brands. We provide training and guidance from our corporate leadership team, as well as territory-specific advertising research and strategies. Our franchise management resources are designed to put you on a path to success.
Garage Door Franchises: A Viable Option?
If your interest leans more toward garages, a garage door franchise might be a better fit than a garage organization business. Garage door franchises, such as ProLift Garage Doors, provide installation, repair, and maintenance of garage doors—a service that’s always in demand. The technical nature of the work can command high service fees. The average garage door replacement costs $1,207, according to HomeAdvisor.
PSB is also the parent company of ProLift Garage Doors, a garage door franchise with approximately 68 units nationwide. The initial investment for a ProLift Garage Doors franchise is $106,100 to $145,000, including a $65,000 franchise fee, according to Entrepreneur magazine. Franchisees need a net worth of $100,000 to $200,000 and a cash requirement of $50,000. As part of the initial investment, we provide 76 hours of classroom training and four hours of on-the-job training to get your business running smoothly.
Learn More About Premium Service Brands
To learn more about opening a business in the home services sector, get started by connecting with Premium Service Brands to learn more about the pros and cons of Kitchen Wise & Closet Wise or ProLift Garage Doors today.