FLOOR COVERINGS INTERNATIONAL Franchise Cost and Profit Margin – Review
Floor Covering International is considered to be the leaders in mobile flooring industry. The industry, which is estimated to be about $65 billion worth, is obviously being dominated by Floor Covering International. There are a whole lot of opportunities for investors in this industry and so a lot of people want to know how much is a Floor Covering International franchise
FRANCHISE INFORMATION ABOUT THE COMPANY
The Atlanta based organization was established in the year 1988. The company is involved in mobile floor covering and have the facilities to allow their customers shop from home for hardwood, tile, laminate, carpet, and rugs as well as window coverings.
The company has lots of mobile showrooms and in there you can view more than 3000 different styles of branded products for commercial and residential usage.
The company offers an outstanding opportunity for business people to run a large flooring business, which can help them achieve their dreams and earn extra income.
IS FLOOR COVERING INTERNATIONAL A FRANCHISE
You might want to ask if Floor Covering International is a franchise. Yes, the company is a franchise and they have been selling franchise opportunities since the year 1989. The company became an instant success after launch and it grew in a very short time to be a multibillion dollar business working on a highly performing franchise model.
WHY BUY INTO FLOOR COVERING INTERNATIONAL FRANCHISE
Buying into the company’s franchise will offer you a lot of benefits, part of which will be highlighted as follows:
- You will be part of a growing industry that is worth about $65 billion
- You will be satisfied in your career as a franchisee with the company
- Achieving success in the business is not rocket science. The company already has a working business model that you can leverage on.
HOW MUCH DOES A FLOOR COVERING INTERNATIONAL FRANCHISE COST
The Floor Covering International franchise cost is considered to be the total expenses that will be incurred in the process of establishing a franchise unit. The initial investment that will be needed to start up a Floor Covering International franchise will be in the range of $150,000 to $200,000 with a net worth requirement of about $200,000 and a liquid cash requirement of about $50,000.
FLOOR COVERING INTERNATIONAL FRANCHISE FEE
The Floor Covering International franchise fee is that payment that will be made to the company to get the license to operate under the company’s identity. The initial franchise fee is only valid for an agreed term and is renewable at the expiration of the term. The company’s initial franchise fee is $54,900.
An additional ongoing royalty fee of 5% and an ad royalty fee of about 3% of the monthly gross revenue of the franchise unit is also payable to the company.
HOW MUCH DOES A FLOOR COVERING INTERNATIONAL FRANCHISE MAKE
The earnings that a Floor Covering International franchise owner will make depends on so many factors. The location of the franchise unit is very vital as well as the effort the owner contributes to his business. However, earning potential is great as the company has good strategies to get customers and their franchisees are empowered to tap into this.
TRAINING AND SUPPORT
As a new franchise with Floor Covering International, you will be entitled to training and support, which will include: Business planning, marketing training, financial training, sales and design training, and production coordination training and so on.
Training consists of a combination of intensive classroom sessions as well as field training and online training and this will hold for a period of 3 weeks at the company’s head office and other accredited training centres across the country.
Most franchisees with the company are typical not flooring experts, interior designers or home improvement experts. But the company seeks for smart franchisees with the motivation to become business leaders. As a franchisee with the company, you must also posses the acumen to maximize opportunities and also understand the rudiments of running a successful business. However, the company will offer adequate trainings in all the needed areas to achieve success in your business.
The company does not offer any form of direct financing to their franchisees. However what you stand to gain from buying into the company’s franchise is a connection with 3rd party lenders that will offer funding to cover for the following: franchise fee, cost of equipment, inventory, accounts receivable and payroll.
Veterans that are honourably discharged from service also have the opportunity to get a 5% rebate off the initial franchise fee payment made to the company.
TERMS OF AGREEMENT
The period that a franchisee can hold on to the company’s license is 10 years. This is renewable at the expiration of the initial term if the franchisee so wishes or is able to meet up with the company’s terms and conditions for renewal
HOW TO OPEN A FLOOR COVERING INTERNATIONAL FRANCHISE
Information in this article has discussed how to open a Floor Covering International franchise. However to get additional information you will need to submit your application to the company’s website.
Once your application is reviewed and the company considers you for a franchise opportunity, a franchise manager will do further evaluation of your ability to run a franchise with the company and if he considers you fit to run a Floor Covering International franchise, you will then get further support and assistance by the company to establish your franchise unit.