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General

Industry

Home and Building Services

Category

Home and Building Services

SBA Identifier

-

Year of Founding

2008

Fees

Marketing Fee

-

Royalty Fee

VARIES

Franchise Fee

$62,000-$62,000

Investment Range

$70K-$98K

Location units

Total U.S. Locations

93

U.S. Franchised Units

89

U.S. Corporate Units

4

Headquarters (City)

CO

Other

Item 19 - Franchise Financials

-

Financing Availability

-

Started Offering Franchises

2013

Issuance of FDD Data

04/20/2021

What to know about Footprints Floors franchise?

Footprints Floors businesses install hardwood, laminate, engineered, vinyl plank, vinyl sheet and tile flooring primarily in residential homes, as well as commercial businesses ("Footprints Floors Business(s)"). We offer franchises for single Footprints Floors Businesses and for multi-unit franchises ("Multi-Unit Franchise(s)").

Footprints Floors is based in Greenwood Village, CO. Scroll down to learn more!

How Much Does a Footprints Floors Franchise Cost?

Are you wondering how much is a Footprints Floors franchise? Before starting a Footprints Floors franchise, it is important to know the Footprints Floors franchise fee ($62,000) working capital and other costs required to start the business.

The minimum investment amount required to open a Footprints Floors franchise is $70,130 and can go all the way up to $97,580. Keep in mind, you should also allocate additional funds to live off of while the Footprints Floors 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 Footprints Floors franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Footprints Floors business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Footprints Floors 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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Industry Report Request

Download our guide to compare Footprints Floors. Hotels to the Cleaning and Maintenance, Outdoor Maintenance industry.

Franchise Data

Year Start of year Units Opened Units Closed Total End of Year
2018 8 3 0 11
2019 11 28 0 35
2020 35 56 2 89

Additional Details

How much does a Footprints Floors franchise owner make?

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

Footprints Floors discloses financials at the unit level. In other words, they show how much Footprints Floors 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 Footprints Floors franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like Footprints Floors. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those Footprints Floors owners were making.

Visit the Footprints Floors metrics tab, to explore the financials for this business.

What is the Footprints Floors Franchise Fee?

Owning a Footprints Floors franchise requires a variable royalty fee and a 0% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship.

Keep in mind, there is also an initial Footprints Floors franchise fee of $62,000 that is included in the initial investment amount of $70,130 to $97,580. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Footprints Floors franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Footprints Floors franchise fee of $62,000.

Visit the Footprints Floors metrics tab to explore how the franchise, 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 Footprints Floors founded?

Footprints Floors was founded 14 years ago in 2008. Footprints Floors started offering franchises in 2013. 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 Footprints Floors locations are in the U.S.?

As of Issuance of 2021, there were 89 Footprints Floors locations owned and operated by franchisees across the U.S. There are also 4 corporate locations owned and operated by Footprints Floors. Most Home and Building Services franchises like Footprints Floors have more franchised locations than corporate locations.

How many Footprints Floors franchises opened over the past few years?

Over the prior 3 years we have data for, Footprints Floors has opened 87 outlets throughout the U.S.

Visit the Footprints Floors metrics tab to explore how the openings compare to other Home and Building Services franchises.

How many Footprints Floors franchises closed over the past few years?

Over the prior 3 years we have data for, Footprints Floors has closed 2 outlets throughout the U.S.

Visit the Footprints Floors metrics tab to explore how the closures compare to other Home and Building Servicesfranchises.

Is Footprints Floors growing? Are they opening more locations than they are closing?

The net unit growth rate for Footprints Floors over the past 3 years is 1013%. Over the last year we have data for, Footprints Floors had a net unit growth rate of 154%.

Without a comparison, this number doesn’t mean much. Compare how the Footprints Floors growth rate compares to 2,000+ other franchises and Home and Building Services franchises like Footprints Floors. More info in the Footprints Floors metrics tab.

Is Footprints Floors franchise eligible for an SBA Loan?

Footprints Floors is not eligible for SBA loans including the 7(a) loan last time we checked.

Footprints Floors franchise does not have a SBA Franchise ID and was not in the SBA Franchise Directory. The SBA Franchise Directory will only include business models like Footprints Floors that are reviewed and found eligible under SBA's affiliation rules and other eligibility criteria.

To find out more about the SBA loan program for franchising click here.

Is Footprints Floors a franchise in the United States?

According to the SBA, Footprints Floors does not meet the Federal Trade Commission (FTC) definition of a franchise.

Many popular brands like Starbucks and Topgolf are not franchises in the U.S. but franchise outside of the United States. Be sure the franchisor provides you with an updated Franchise Disclosure Document as this is one of the key indicators that the business opportunity is truly a franchise in the U.S.

The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items of about the franchise, its officers, and other franchisees. Be sure that Footprints Floors provides you with an FDD if you are in discussion to buy a Footprints Floors.

What is the Footprints Floors Franchise for Sale Rate?

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

The franchise for sale rate for Footprints Floors over the past 3 years is 0%. Over the last year we have data for, Footprints Floors had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Footprints Floors franchise for sale rate compares to 2,000+ other franchises and Home and Building Services franchises like Footprints Floors. More info in the Footprints Floors metrics tab.

What is the Footprints Floors Franchise Failure Rate?

Footprints Floors 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!

Footprints Floors failure rate over the past 3 years is 2%. Over the last year we have data for, Footprints Floors had a franchise failure rate of 2%

Without a comparison, this number doesn’t mean much. Compare how the Footprints Floors failure rate compares to 2,000+ other franchises and Home and Building Services franchises like Footprints Floors. More info in the Footprints Floors metrics tab.

How can I find out more details on Footprints Floors franchise?

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

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General

Industry

Home and Building Services

Category

Home and Building Services

SBA Identifier

-

Year of Founding

2008

Fees

Marketing Fee

-

Royalty Fee

VARIES

Franchise Fee

$62,000-$62,000

Investment Range

$70K-$98K

Location units

Total U.S. Locations

93

U.S. Franchised Units

89

U.S. Corporate Units

4

Headquarters (City)

CO

Other

Item 19 - Franchise Financials

-

Financing Availability

-

Started Offering Franchises

2013

Issuance of FDD Data

04/20/2021

Franchise Fee Midpoint

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

 

1 year

3 years

Footprints Floors

218%

150%

Industry median

All franchises median

Unlock premium content

Franchise Disclosure Document

Not Available

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

Footprints Floors

[0%]

2%

Industry median

All franchises median

Unlock premium content

Franchise for Sale Rate

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

 

1 year

3 years

Footprints Floors

[0%]

[0%]

Industry median

All franchises median

Unlock premium content

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Investment Midpoint

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

Footprints Floors

$83,855

Industry median

All franchises median

Unlock premium content

Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Footprints Floors

VARIES

Industry median

All franchises median

Unlock premium content

Franchise Fee Midpoint

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

 

1 year

3 years

Footprints Floors

218%

150%

Industry median

All franchises median

Unlock premium content

Item 19 – Financial Performance Representations

Historical financial performance representations

Unlock premium content

Franchise Financials

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

Unlock premium content

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Business details

Company name

-

Business email

franchise@footprintsfloors.com

Mailing address

9600 E. Arapahoe Road #285

State headquarters

Colorado

Key leadership

Footprints Floors

Phone

+1 (000) 000-00-00

City

Greenwood Village

Zip code

80112

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