Premiergarage Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$186,730 - $284,250
Franchise Fee
$16,958
Min Cash Required
$31,000
Total US Locations
146
Business Summary
PREMIERGARAGE® franchisees operate a mobile business specializing in the retail design, sale, and installation of organizing units, storage, organizing accessories, and flooring specifically for garages. The services are offered to both residential and commercial customers within their assigned territory.
Corporate History
Organized Spaces, LLC, which operates the PREMIERGARAGE® franchise, was first incorporated in California on January 24, 2006, as Closet Tailors, Inc. It converted to Closet Tailors, LLC in May 2006, then changed its name to Tailored Living, LLC in May 2010, and finally to Organized Spaces, LLC in January 2022. The company began offering franchises in 2006 under the CLOSET TAILORS® brand. From 2012 until March 2022, it operated as TAILORED LIVING® featuring PREMIERGARAGE®, offering both in-home and garage organization services. Effective November 1, 2022, the business bifurcated its offerings, with garage organization and flooring services now franchised under the PREMIERGARAGE® brand through this disclosure document, and in-home services under THE TAILORED CLOSET®.
Financial Overview
Investment Range
$186,730 - $284,250
Franchise Fee (Low)
$16,958
Franchise Fee (High)
$19,950
Minimum Cash Required
$31,000
Royalty %
5%
Marketing %
1%
Equipment Costs (Low)
$65,030
Equipment Costs (High)
$129,500
Working Capital
$38,500
Audited Financials
Yes
Offers Financing
Yes
Audit Opinion
Unqualified opinion
Financial Health Notes
PREMIERGARAGE® has experienced net losses of $2,405,599 in 2024 and $1,621,577 in 2023. While management evaluated whether there was substantial doubt about the company's ability to continue as a going concern, a commitment from its Parent company, Home Franchise Concepts, LLC, has been obtained to support operating expenses through February 21, 2026. PREMIERGARAGE® believes it will successfully meet its cash flow obligations through this period.
Financing Details
PREMIERGARAGE® offers direct financing to qualified franchisees for a portion of the Initial Franchise Fee and Territory Fee, up to $44,000. This financing has a 0% minimum down payment, a 60-month term, and an interest rate of 10% per annum, resulting in monthly payments of $938.10. Franchisees can prepay the note without penalty. In case of default, the franchisee would lose the franchise and be responsible for the unpaid balance, attorney fees, and costs, waiving the right to notice.
Performance Metrics
Total US Locations
146
Franchised Units
146
Corporate Units
0
Franchising Since
2006
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Count
1
Litigation Summary
PREMIERGARAGE® discloses one administrative proceeding involving an affiliate, Aussie Pet Mobile, Inc., from 2006. This case, under previous ownership, involved a Consent Order with the Maryland Securities Division requiring the affiliate to cease unlawful franchise offers and sales, rescind agreements with a franchisee who did not receive proper disclosure, and implement new compliance procedures. No monetary sanctions were imposed in this matter. PREMIERGARAGE® reports no other litigation.
Bankruptcy History
PREMIERGARAGE® has no bankruptcy history to report for the franchisor or its management.
Agreement Terms
Initial Term
10 years
Renewal Term
5 years
Renewal Conditions
To renew their PREMIERGARAGE® franchise agreement, franchisees must pay a renewal fee of $5,000 for a single agreement, or $2,500 per agreement if renewing two or more simultaneously. They must also sign the franchisor's then-current franchise agreement, ensure they are not in default of any obligations, and make any necessary upgrades to the franchised business. The new agreement may have materially different terms and conditions.
Training & Support Program
Franchisor Assistance
PREMIERGARAGE® provides comprehensive assistance to its franchisees. Before opening, this includes designating the territory, approving any optional showrooms, granting the right to use its Marks, providing initial training, and supplying an Initial Start-Up Package with proprietary information for staff training. They also recommend standard equipment, tools, supplies, and inventory sources. Ongoing support includes policing the Marks, providing training on new products and methods, offering consultations during business hours, and making additional on-site training available (at the franchisee's expense). The franchisor may also hold annual conventions, assist with post-opening promotion and advertising, maintain a brand website and electronic portal for franchisees, and operate a toll-free telephone number for support.
Initial Training Hours
92
Training Location
Coppell, TX
Ongoing Support
After opening, PREMIERGARAGE® franchisees receive ongoing support including access to representatives for consultation and guidance during normal business hours. The franchisor may also provide additional materials and training related to the business, offer bookkeeping services, and structured coaching. Franchisees are invited to optional staff training courses, seminars, and conferences, and may be required to attend designated programs. The franchisor also polices its trademarks, maintains a brand website that identifies franchisees, operates a toll-free number, and provides an electronic portal for disseminating manuals and other digital assets.
Franchise Requirements
Ideal Candidate Profile
PREMIERGARAGE® prefers franchisees who plan to actively participate in the direct operation and daily affairs of the franchised business, rather than seeking a passive investment. If the owner does not operate the business themselves, they must employ at least one full-time manager. This manager is required to complete initial training and devote their entire time to the management, operation, and development of the franchised business. The franchisor requires the franchisee to be a company or corporation by the time business commences, and any individual with direct or indirect control or beneficial interest in the company, including their spouse if married, must sign a personal guarantee.
Industry Experience Required
No
Management Experience Required
Yes
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Hybrid
Owner Participation
Hands-On
Territory Type
Limited
Territory Size Requirements
PREMIERGARAGE® territories are defined by United States Postal Service ZIP Codes and consist of approximately 100,000 households.
Staffing Notes
PREMIERGARAGE® prefers franchisees who actively participate in the direct operation and daily affairs of their franchised business, rather than seeking a passive investment. If a PREMIERGARAGE® franchisee does not operate the business themselves, they must employ at least one full-time manager. If the franchise is operated as a company, this manager does not need to have an equity interest in the company. The franchisee must disclose the manager's identity and notify PREMIERGARAGE® in writing of any changes. The manager must complete the initial training program, dedicate their full time during normal business hours to the management, operation, and development of the franchised business, maintain confidentiality of trade secrets, and adhere to non-competition covenants. PREMIERGARAGE® franchisees are responsible for hiring additional full-time and part-time staff as they deem necessary to properly operate the business. PREMIERGARAGE® and its franchisees are not considered joint employers of the franchisee's personnel. The franchisee has sole authority to determine employee wages, benefits, compensation, hours, scheduling, duty assignments, supervision, work rules, discipline, hiring, discharge, and working conditions related to employee safety and health.