Garage Experts International

Item 22

You shall use QuickBooks online to record all of your financial transactions and enter all information in a timely manner and close the prior period by the 10th of the following period.

Item 11

You must at all times give us unrestricted and independent electronic access to your computer systems and information.

Item 22

You shall at your expense, provide the Franchisor with monthly and year-to-date Financial Statements, as well as annual Financial Statements for the Franchisee’s Business.

Item 8

We are an approved supplier of advertising material, but not the only approved supplier.

Item 11

We have a Franchise Advisory Council (“FAC”) that advises on operating and marketing matters.

Item 8

We may periodically change the Authorized Products and Services and you must stop offering any Authorized Product or Services within 30 days if we notify that such product or service is no longer authorized.

Item 8

During the fiscal year ending December 31, 2025, our affiliate, Versatile High-Performance Coatings, LLC, received $17,673,134 from required purchases from franchisees.

Item 8

Four of our approved suppliers pay to us rebates ranging from 5-10% of franchisee purchases from such suppliers.

Item 8

We estimate that 80-90% of your expenditures for leases and purchases in establishing your Business and on an ongoing basis during the operation of your will be for goods and services which are subject to sourcing restrictions (that is, which must meet our standards and specifications, or which must be purchased from…

Item 8

you or the supplier must reimburse us all of our reasonable costs incurred in reviewing the proposed supplier, including travel expenses related to inspecting, re-inspecting and auditing the Supplier’s facilities and equipment, and all product testing costs paid by us to third parties.

Item 8

If you want to purchase products from a supplier that we have not designated or approved, you may request, in writing, that we approve the supplier

Franchise agreement

We shall have the option, exercisable by written notice within 30 days after the termination of this Agreement, to take an assignment of all telephone numbers (and associated listings) for the Franchised Business

Item 22

The Franchisor or its designee will have the right to make copies of the Franchisee’s Financial Records in hard copy or electronic form.

Item 22

We have the right to develop, operate and change the System in any manner, and we shall have the right to modify the Manuals at any time, but no such modifications shall alter your fundamental status under this Agreement.

Item 11

We provide to you criteria to help you select a site and must approve any site you select before you sign a lease for that location.

Item 6

you must spend a minimum of $50,000 on local advertising pursuant to our guidelines

Item 11

You must spend at least 6% of Gross Sales, subject to a minimum $50,000 spend requirement the first year (meaning your first year after opening, not the first year after the Effective Date of your Franchise Agreement), on local advertising and promotion (“Local Advertising”) conforming to our policies and standards.

Item 8

You are required to, purchase Ancillary Products from us or our approved affiliates.

Item 8

You are required to, purchase Ancillary Products from us or our approved affiliates.

Item 6

All fees are uniformly imposed, collected by and are payable to us by ACH or electronic transfer.

Item 15

You must designate a “General Manager” acceptable to us who will be principally responsible for communicating with us about business, operational and other ongoing matters concerning your Business.

Item 22

You shall and shall cause each of your employees to: (i) wear uniforms of such color, design, and other specifications as we may designate from time to time at such times as specified by us in the Manuals

Item 11

You agree that we have and that you will provide independent access to the information that will be generated or stored in your computer systems, which includes, but not limited to, customer, transaction, and operational information.

Item 11

We also require Office 365, our proprietary 3-d software Programs, our specified CRM ServiceMinder, trackable phone numbers, and Quickbooks online, and ProfitKeeper.

Item 11

We may also offer you additional optional or mandatory training courses or programs (“Additional Training”).

Item 22

If we schedule such convention or meeting, you and such of your personnel designated by us must attend such convention or meeting, unless we otherwise excuse you upon a showing of good cause but we shall not require your attendance more than once per calendar year.