
Floor Coverings International
Flooring- 2023 Franchise 500 Rank
-
#122 Ranked #158 last year
- Initial investment
-
$151K - $220K
- Units as of 2023
-
239 40.6% over 3 years
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.
Company Overview
About Floor Coverings International
- Industry
- Home Improvement
- Related Categories
- Flooring, Miscellaneous Home-Improvement Businesses, Window Coverings, Furniture & Appliances
- Founded
- 1988
- Parent Company
- FirstService Brands
- Leadership
- Tom Wood, President & CEO
- Corporate Address
-
5390 Triangle Pkwy., #125
Norcross, GA 30092
Business Overview
- Franchising Since
- 1989 (2023-1989 years)
- # of employees at HQ
- 39
- Where seeking
-
This company is offering new franchisees throughout the US.
This company is offering new franchisees in the following international regions: Canada
- # of Units
- 239 (as of 2023)
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
Information Circle - $50,000
-
Initial Investment
Information Circle - $151,400 - $220,100
-
Net Worth Requirement
Information Circle - $200,000
-
Cash Requirement
Information Circle - $50,000
-
Veteran Incentives
Information Circle - 10% off franchise fee
-
Royalty Fee
Information Circle - 5%
-
Ad Royalty Fee
Information Circle - 3%
-
Term of Agreement
Information Circle - 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
- 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
- 150 hours
- 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
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
-
Can this franchise be run from home/mobile unit?
Information Circle - No
-
Can this franchise be run part time?
Information Circle - No
- # of employees required to run
- 2
-
Are exclusive territories available?
Information Circle - Yes
Interested in ownership opportunities like Floor Coverings International? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Floor Coverings International landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Floor Coverings International ranked on other franchise lists? Find out below.
Ranked #1 in Flooring in 2022
These are the companies that not only ranked in this year’s highly competitive Franchise 500, but ranked #1 in their respective industry categories.
Ranked #122 in 2023
Entrepreneur’s 44th annual Franchise 500® ranking shines a light on the unique challenges and changes that have shaped the franchise industry over the last year—and how franchisors have adapted and evolved to meet them.
Ranked #74 in 2023
Meet the companies that are leveraging their ability to scale fast across the U.S. and Canada in Entrepreneur's annual fastest-growing franchises ranking.
Ranked #166 in 2023
If you're interested in an opportunity with international appeal, start your search with our ranking of the top franchises seeking to expand outside the U.S.
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