General

Industry

Home and Building Services

Category

Specialized Repair

SBA Identifier

S0659

Year of Founding

1998

Fees

Marketing Fee

3%

Royalty Fee

VARIES

Franchise Fee

$65,000-$65,000

Investment Range

$165K-$235K

Location units

Total U.S. Locations

194

U.S. Franchised Units

194

U.S. Corporate Units

0

Headquarters (City)

Norcross

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

1998

Issuance of FDD Data

03/18/2022

What to know about Floor Coverings International franchise?

Explore this opportunity now! Floor Coverings International, is a franchise concept in the Home and Building Services industry.

Floor Coverings International is based in Norcross, GA. Scroll down to learn more!

How much does a Floor Coverings International franchise cost?

Are you wondering how much is a Floor Coverings International franchise? Before starting a Floor Coverings International franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Floor Coverings International franchise is $165,400 and can go all the way up to $235,100. Keep in mind, you should also allocate additional funds to live off of while the Floor Coverings International business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Floor Coverings International franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Floor Coverings International business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Floor Coverings International franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Download our guide to compare Floor Coverings International. Hotels to the Specialized Repair, Outdoor Home and Building Services industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 104 31 8 141
2017 127 20 19 138
2018 128 28 19 137
2019 147 37 15 169
2020 169 22 12 179
2021 179 29 14 194

Additional Details

How much does a Floor Coverings International franchise owner make?

Floor Coverings International franchise earnings and revenue can vary significantly from one franchisee to another.
The Floor Coverings International franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Floor Coverings International discloses financials at the unit level. In other words, they show how much Floor Coverings International franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the Floor Coverings International franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like Floor Coverings International. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those Floor Coverings International owners were making.

Visit the Floor Coverings International metrics tab to explore the financials for this business.

What is the Floor Coverings International franchise fee?

Owning a Floor Coverings International franchise requires a variable royalty fee and 3% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Floor Coverings International Franchise Disclosure Document

Keep in mind, there is also an initial Floor Coverings International franchise fee of $65,000 that is included in the initial investment amount of $165,400 to $235,100. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Floor Coverings International franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Floor Coverings International franchise fee of $65,000.

Visit the Floor Coverings International metrics tab to explore the financials for this business, royalty and marketing fees compare to other Home and Building Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Floor Coverings International founded?

Floor Coverings International started offering franchises in 1998. Floor Coverings International was founded 24 years ago in 1998.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Floor Coverings International locations are in the U.S.?

As of 2022, there were 194 locations across the U.S. There are also 0 corporate locations. Most Home and Building Services franchises like Floor Coverings International have more franchised locations than corporate locations.

How many Floor Coverings International franchises opened over the past few years?

Over the prior 3 years we have data for, Floor Coverings International has opened 88 outlets throughout the U.S. Visit the Floor Coverings International metrics tab to explore how the openings compare to other Home and Building Services franchises.

How many Floor Coverings International franchises closed over the past few years?

Over the prior 3 years we have data for, Floor Coverings International has closed 41 outlets throughout the U.S

Visit the Floor Coverings International metrics tab to explore how the openings compare to other Home and Building Services franchises.

Is Floor Coverings International growing? Are they opening more locations than they are closing?

The net unit growth rate for Floor Coverings International over the past 3 years is 32%. Over the last year we have data for, Floor Coverings International had a net unit growth rate of 8%.

Without a comparison, this number doesn’t mean much. Compare how the Floor Coverings International growth rate compares to 2,000+ other franchises and Industry franchises like Floor Coverings International. More info in the Floor Coverings International metrics tab.

Is Floor Coverings International franchise eligible for an SBA Loan?

Floor Coverings International is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Floor Coverings International franchise was assigned the SBA Franchise ID of S0659 on 10/01/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Floor Coverings International that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Floor Coverings International a franchise in the United States?

According to the SBA, Floor Coverings International meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Floor Coverings International provides you with an FDD if you are in discussion to buy a Floor Coverings International.

What is the Floor Coverings International Franchise for Sale Rate?

The Floor Coverings International systemwide health and franchisee satisfaction can be measured by the Floor Coverings Internationalfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Floor Coverings International franchise for sale rate over the past 3 years is 16%. Over the last year we have data for, Floor Coverings International had a franchise for sale rate of 3%.

Without a comparison, this number doesn’t mean much. Compare how the Floor Coverings International franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Floor Coverings International. More info in the Floor Coverings International metrics tab.

What is the Floor Coverings International Franchise Failure Rate?

Floor Coverings International franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Floor Coverings International failure rate over the past 3 years is 21%. Over the last year we have data for, Floor Coverings International had a franchise failure rate of 7%.

Without a comparison, this number doesn’t mean much. Compare how the Floor Coverings International franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Floor Coverings International. More info in the Floor Coverings International metrics tab.

How can I find out more details on Floor Coverings International franchise?

Visit the Floor Coverings International metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Floor Coverings International

$200,250

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Floor Coverings International

VARIES

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Floor Coverings International

$65,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Home and Building Services

Category

Specialized Repair

SBA Identifier

S0659

Year of Founding

1998

Fees

Marketing Fee

3%

Royalty Fee

VARIES

Franchise Fee

$65,000-$65,000

Investment Range

$165K-$235K

Location units

Total U.S. Locations

194

U.S. Franchised Units

194

U.S. Corporate Units

0

Headquarters (City)

Norcross

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

1998

Issuance of FDD Data

03/18/2022

Detailed Franchise metrics for Floor Coverings International

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Floor Coverings International below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Floor Coverings International

6%

32%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Floor Coverings International

9%

16%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Floor Coverings International

9%

21%

Industry median

All franchises median

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Business details

Company Name

https://floorcoveringsinternational.com//

Business email

**********@******.com

Mailing address

5390 Triangle Parkway, Suite 125

State headquarters

Georgia

Owner Name

Floor Coverings International

Phone

+1 (000) 0********00

City

Norcross

Zip code

30092
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