Floor Coverings International is a mobile retail business providing flooring products and installation services. The franchise offers personalized flooring solutions for residential and commercial clients.
Key Insights
- Floor Coverings International began with a vision to revolutionize home flooring services, evolving from its early beginnings into a national presence by focusing on customer convenience and in-home consultations. The business has built a reputation for bringing a wide selection of flooring options directly to homeowners' doors, simplifying the selection and installation process.
- The franchise operates through a mobile showroom model, where trained design consultants meet with clients at their homes to showcase flooring samples. This approach allows customers to see how different materials and colors will look in their actual living spaces, facilitated by a streamlined process from initial consultation to final installation.
- The flooring industry encompasses a diverse range of products, including carpet, hardwood, luxury vinyl, tile, and more, serving both residential and commercial markets. Consumer demand for home improvement and interior design continues to drive the sector, with ongoing interest in durable, aesthetically pleasing, and sustainable flooring solutions.
Franchise Fee and Costs to Open
Exploring the financial picture of Floor Coverings International gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $183,000 - $247,000, along with a franchise fee of $53,000 - $53,000.
Financial Performance and Revenue
Yearly gross sales of $895,993 and estimated earnings of $125,440 - $161,279 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 2.0-4.0 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Floor Coverings International provides comprehensive training for new franchisees. Initial training is a two-week program held at their corporate headquarters. This intensive session covers sales, operations, and marketing. Franchisees also gain access to a robust library of resources, including operational manuals and ongoing support. Floor Coverings International offers ongoing guidance and networking opportunities within the franchise system.
Legal Considerations
Legal considerations for a Floor Coverings International franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Navigating local market dynamics, including established competitors and fluctuating consumer demand, presents a consistent consideration. The operational complexity of managing inventory, scheduling installations, and maintaining a skilled workforce requires ongoing attention. Furthermore, reliance on specific flooring manufacturers and distributors for product availability and pricing introduces an element of supply chain variability that franchisees must address.
Franchise Datasheet
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