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- 2022 Franchise 500 Rank
#158 Ranked #201 last year
- Initial investment
$161K - $230K
- Units as of 2021
178 21.1% over 3 years
Here’s what you need to know if you’re interested in opening a Floor Coverings International franchise.
As U.S. residents continue to move toward convenience, accessibility, and delivery, the flooring industry is dominated by big-box retailers. These retailers require homeowners to get into their cars and make flooring decisions away from their homes.
Instead, Floor Coverings International brings the showroom to its customers’ homes. Franchisees and their teams work with the homeowner to deliver products that are right for them. This customer experience is part of the reason why Floor Coverings International's NET Promoter Score, which is based largely on customer satisfaction, is the highest in the industry.
Floor Coverings International is a dynamic, fun, and creative business for franchisees passionate about home remodeling. Franchisees have the full support of an established franchise system with a proven track record of helping franchisees. With a hyper-relevant business model focused on customer relationships, low investment costs, and rising demand for convenience, Floor Coverings International continues to disrupt the flooring industry.
Why You May Want to Start a Floor Coverings International Franchise
Floor Coverings International's business model helps franchisees succeed in business and possibly grow their operation into multiple units. Floor Coverings International offers specialized services within the flooring industry. Technical services enable them to occupy a unique and subdivided niche of self-paced, custom flooring sales.
The franchisor also gives a comprehensive initial onboarding and training program at zero cost to franchisees. Floor Coverings International is devoted to helping franchisees succeed, surpass their goals, and become their community's most preferred label for flooring.
What Might Make Floor Coverings International Franchise a Good Choice?
To be part of the Floor Coverings International team, you should make sure you're financially ready for an initial investment. An initial investment includes your startup package, franchise fee, digital media marketing services, and working capital. The franchisor will assist you in setting up an online presence and start getting you leads.
You'll want to make sure you have enough capital available to cover ongoing fees, as well. You will also need to meet a company set net worth requirement. As you progress through the process of opening a Floor Coverings International, you may learn more about what is required of you.
How to Open a Floor Coverings International Franchise
To get started with this flooring franchise, you have to download and read the franchise advice form. This form includes details about the approximate startup cost. These costs include the initial franchise fee, training expenses, royalties, licensing, early-stage advertisements, name registration, insurance, rent, and video surveillance. Once you have read the franchise advice form, contact Floor Coverings International to share your information with them, as well as your interest in the company.
A franchise representative may call you to evaluate you and see if you qualify as a franchisee. After your request for a location is accepted, the franchise executives will talk you through the particulars of the Franchise Disclosure Document. After being confirmed as a franchisee, you will sign a contract before continuing the process of opening a Floor Coverings International franchise.
About Floor Coverings International
- Franchising Since
- 1989 (33 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees throughout the US.
This company is seeking new franchisees in the following international regions: Canada
- # of Units
- 178 (as of 2021)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Floor Coverings International 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
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $161,400 - $230,100
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- 10% off franchise fee
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 10 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Floor Coverings International 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
- 143 hours
- Additional Training
- Regional meetings & national convention
- Ongoing Support
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail Marketing
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- # of employees required to run
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Work with a free franchise expert and get what you need to start a Floor Coverings International franchise.
Franchise 500 Ranking History
Compare where Floor Coverings International landed on this year’s Franchise 500 Ranking versus previous years.
Stock History for Floor Coverings International
Ticker Symbol for Floor Coverings International: FSV
Curious to know where Floor Coverings International ranked on other franchise lists? Find out below.
Are you eager to see what else is out there? Browse more franchises that are similar to Floor Coverings International.
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