- 2023 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$32K - $113K
- Units as of 2022
36 620.0% over 3 years
Constant repairs are a huge burden for many homeowners who often seek quality upgrades to match their changing needs. Steel Coated Epoxy Floors is the answer to the prayers of many customers who appreciate its 100% waterproof and lifetime guarantee.
Founded in 2018, Steel Coated Epoxy Floors takes pride in transforming and protecting customers’ floors from wear and tear that can cost thousands of dollars to repair. With a focus on customer garages, patios, showrooms, and shops, Steel Coated Epoxy Floors is established as a brand that values quality and service.
A Steel Coated Epoxy Floors franchise is great for all needs, and once built, enhances the appearance and floor strength. Customers may rave that their epoxy coating is great for stopping leaks and making slab floors that last long.
Why You May Want To Start a Steel Coated Epoxy Floors Franchise
Opening a Steel Coated Epoxy Floors franchise could be a great opportunity if you are looking to give customers surfaces that strengthen and protect their property. For customers seeking to upgrade home garages, the epoxy coating may create sturdy floors that are easy to clean and tough to damage.
A potential franchisee is someone willing to work hard. With a home-based business model that doesn’t require retail space, a Steel Coated Epoxy Floors franchise may be a way to break away from the 9-5 lifestyle. Prior experience in construction is not needed, but interest might make it easy to operate and handle customer inquiries.
What Might Make a Steel Coated Epoxy Floors Franchise a Good Choice?
A Steel Coated Epoxy Floors franchise specializes in making floors that look good and last even longer. The brand’s proven process creates quality floors that accommodate a wide variety of needs.
After studying the market, the brand realized that customers value industrial-strength products that offer protection against human and natural forces. To satisfy customers, Steel Coated Epoxy Floors strived to create a product so good that it offers a lifetime warranty that’s hard to beat anywhere in the world.
To be part of the Steel Coated Epoxy Floors franchise 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 advertising, royalty, and potential renewal fees. Franchisees may also need to meet the company’s set liquid capital requirements.
How To Open a Steel Coated Epoxy Floors Franchise
Steel Coated Epoxy Floors franchisees can take advantage of protected territories, marketing, operating support, and a unique product in the industry. If awarded a franchise, Steel Coated Epoxy Floors offers comprehensive training in the prep and application processes that may make it stand out in the market.
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Steel Coated Epoxy Floors franchising team questions.
About Steel Coated Epoxy Floors
|Franchising Since||2018 (5 years)|
|# of employees at HQ||2|
This company is offering new franchisees throughout the US.
|# of Units||36 (as of 2022)|
Information for Franchisees
Here's what you need to know if you're interested in opening a Steel Coated Epoxy 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.
|$6,500 - $16,500|
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.
|$32,000 - $112,500|
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
|$1,500 off training 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
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?||Yes|
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
|In-House Financing||Steel Coated Epoxy Floors offers in-house financing to cover the following: startup costs, equipment, inventory|
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||18 hours|
|Classroom Training||6 hours|
Meetings & Conventions
Security & Safety Procedures
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.
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||-2|
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.
Interested in ownership opportunities like Steel Coated Epoxy Floors? Request a free consultation with a Franchise Advisor now.
Are you eager to see what else is out there? Browse franchises that are similar to Steel Coated Epoxy Floors.
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