Start a Footprints Floors Franchise in 2024

2024 Franchise 500 Rank: N/R Ranked #449 last year

Initial investment: $79K - $113K

Units as of 2023: 79 132.4% over 3 years

Footprints Floors is a flooring installation company. Founded in 2008 and beginning to franchise in 2013, they install and restore hardwood, laminate, vinyl, stone, and tile floors. With over 100 locations in the United States, they may be one of the top floor installation companies in the United States.

As you run your franchise, you'll work with a professional, well-trained crew and a robust system to provide flooring and staircase installations in your community. The perfect candidate for a Footprints Floors franchise has a passion for business and giving back to the community.

Why You May Want to Start a Footprints Floors Franchise

Running a Footprints Floors franchise may mean you will get to provide essential construction services to your community. This includes installing backsplashes, staircases, and baseboards in both homes and offices. You will get to work closely with flooring vendors to provide the highest quality installation for all your offered flooring services. You will become part of small and big projects alike, including home improvements, upgrades, and new constructions.

As a leading flooring franchise, Footprints Floors may enjoy an excellent brand reputation. They believe that their years of excellent customer service, professionalism, great prices, and unmatched turnaround time has cemented their status as a quality company. This reputation may serve as the building block of your franchise. Footprint Floors permits you entrepreneurial freedom and flexibility to invest and grow at a rate that suits you and your goals.

What Might Make a Footprints Floors Franchise a Good Choice?

The global flooring market size may be huge and a good one to get into. Owning a Footprints Floors franchise may give you a solid market share in this multi-billion-dollar industry.

To be part of the Footprints Floors team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include royalty fees and renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.

How To Open a Footprints Floors Franchise

As you decide if opening a Footprints Floors franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Footprints Floors franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

To start your journey in opening a Footprint Floors franchise in your community, start by submitting a franchise application. A franchise representative will walk you through the steps and answer any questions you may have. If you both determine this is a good fit, you may be offered a franchise agreement.

Once you have signed a franchise agreement, you will attend several dozen hours of both classroom and on-the-job training. Footprints Floors wants to see your franchise grow and is ready to support you every step of the way through continuous training, marketing, and community efforts.

Company Overview

About Footprints Floors

Industry	Home Improvement
Related Categories	Miscellaneous Home-Improvement Businesses
Founded	2008
Parent Company	Branches LLC
Leadership	Bryan Park, Founder & CEO
Corporate Address	9600 E. Arapahoe Rd., #285 Greenwood Village, CO 80112
Social	Facebook, LinkedIn, Instagram, YouTube, Pinterest

Business Overview

Franchising Since	2013 (11 years)
# of employees at HQ	42
Where seeking	This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, North Carolina, Nebraska, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, West Virginia
# of Units	79 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Footprints Floors 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.	$68,000
Initial Investment 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.	$78,505 - $113,030
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.	$250,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$75,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	10% off franchise fee
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.	6%
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.	$500/mo.
Term of Agreement 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.	7 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	Footprints Floors 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.

On-The-Job Training	67 hours
Classroom Training	56 hours
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Toll-Free Line Grand Opening 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

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
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.	Yes
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.	No
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.	Yes