Floor Coverings International

Floor Coverings International

Flooring
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2021 Franchise 500 Rank
#201 Ranked #154 last year
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Initial investment
$154K - $223K
Units as of 2020
170 2.4% over 3 years

Company Overview

Based in Atlanta, Floor Coverings International is a mobile floor-covering franchise that lets customers shop at home for hardwood, laminate and tile flooring, carpet and area rugs, and window coverings. The company's mobile van showrooms hold more than 3,000 styles and colors of name-brand products for residential and commercial use.

About Floor Coverings International

Industry
Home Improvement
Founded
1988
Parent Company
FirstService Brands
Leadership
Tom Wood, President & CEO
Ticker Symbol
FSV

Franchising Overview

Franchising Since
1989 (32 years)
# of employees at HQ
27
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
170 (as of 2020)

Franchisor Information

Corporate Address
5390 Triangle Pkwy., #125
Norcross, GA 30092

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
$57,900
Initial Investment
$154,300 - $223,000
Net Worth Requirement
$200,000
Cash Requirement
$50,000
Veteran Incentives
10% off franchise fee
Royalty Fee
5%
Ad Royalty Fee
3%
Term of Agreement
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
143 hours
Additional Training
Regional meetings & national convention
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
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?
No
Can this franchise be run part time?
No
# of employees required to run
2
Are exclusive territories available?
Yes

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 #201

Franchise 500 Ranking

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021