- 2024 Franchise 500 Rank
-
#227 Ranked #281 last year
- Initial investment
-
$39K - $134K
- Units as of 2023
-
277 61.0% over 3 years
ShelfGenie is a storage and shelving solution franchise that offers customized shelving and cabinet designs for homes. The brand specializes in durable, affordable, and elegant pull-out shelving solutions that work for almost any cabinet, shelf, or pantry. These designs ease the usual storage shortage in the pantry, bath, kitchen, and other house areas. ShelfGenie prides itself on creating designs that are specific to each client's needs and home layout.
ShelfGenie was founded in 2000 and began franchising in 2008. ShelfGenie has grown to over 140 franchised locations across the country. Many times over the past decade, the company has been ranked in Entrepreneur’s Franchise 500. That ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
Why You May Want to Start a ShelfGenie Franchise
As a franchisee, you won't be involved in shelving hardware or installing the designs. Your sole responsibility will be to focus on growing your business. The company's affiliates will do the heavy lifting. Their affiliates will oversee the manufacturing, measurements, and installation of the custom products. They also act as a single-source distributor and supplier of all franchisees.
ShelfGenie has a streamlined business operation; the company has a centralized support center that communicates with all your clients for you. If you open your location, you'll be in a position to make well thought out business decisions because the company strives to send over all the information you need through dashboards and reports.
What Might Make a ShelfGenie Franchise A Good Choice?
To be part of the ShelfGenie team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. You should also be ready for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
ShelfGenie offers a terrific opportunity for franchisees to tap into the skyrocketing business of home remodeling. Over the past few years, industry sales have increased exponentially. The products may specifically appeal more to the senior market with their convenience and functionality. And since the 65+ population is projected to double over the next few years, this could offer potential to significantly grow your company's client base.
How To Start a ShelfGenie Franchise
The process of becoming a ShelfGenie franchisee begins with a franchise inquiry form. If the team approves of your inquiry, one of their franchise development representatives will call you to confirm your interest and schedule a more extended call with you.
During the call, you'll discuss how your personal goals align with the company. Next, they'll send you a Franchise Disclosure Document for you to review. Once you sign, the company will invite you for team day at company headquarters in Atlanta, Georgia. After this, you can begin a multi-day training in their home office. Soon after, they'll get you ready to open the doors to your business, providing storage solutions people can count on.
Company Overview
About ShelfGenie
| Industry | Home Improvement |
|---|---|
| Related Categories | Organization/Storage Systems, Miscellaneous Home-Improvement Businesses |
| Founded | 2000 |
| Parent Company | Neighborly |
| Leadership | Jeff Meyers, Brand President |
| Corporate Address |
1010 N. University Parks Dr. Waco, TX 76707 |
| Social | Facebook, Twitter, LinkedIn, Instagram, YouTube |
Business Overview
| Franchising Since | 2008 (16 years) |
|---|---|
| # of employees at HQ | 1,600 |
| Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises in the following international regions: Canada |
| # of Units | 277 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a ShelfGenie franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$29,500 - $69,500 |
|---|---|
|
Initial Investment
|
$38,700 - $133,600 |
|
Cash Requirement
|
$50,000 |
|
Veteran Incentives
|
15% off franchise fee |
|
Royalty Fee
|
5%-7% |
|
Ad Royalty Fee
|
2% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | ShelfGenie has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| Classroom Training | 108 hours |
|---|---|
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
Yes |
|
Can this franchise be run part time?
|
No |
|
Are exclusive territories available?
|
No |
Franchise 500 Ranking History
Compare where ShelfGenie landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where ShelfGenie ranked on other franchise lists? Find out below.
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