Floor Coverings International
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Floor Coverings International delivers a vast array of top-brand flooring options that come from all over the world. Franchisees alongside their design associates and project coordinators provide a custom boutique to customers looking for unique flooring solutions. From consultation to finish, Floor Coverings International covers the entire flooring process.
Floor Coverings International is the leader in the mobile flooring industry. With a powerful business model in an enormous marketplace, estimated to be $65 billion and growing, Floor Coverings International is an outstanding opportunity for entrepreneurs to build a large business that can maximize their potential.
| |
Operating Units (in the U.S and its Territories) |
12/31/2008 |
12/31/2009 |
12/31/2010 |
|---|
| | Franchised |
81 |
83 |
92 |
| | % Change | -- |
2.5% |
10.8% |
| | Company-Owned |
0 |
0 |
0 |
| | % Change | -- |
-- |
-- |
| | Total |
81 |
83 |
92 |
| | % Change | -- |
2.5% |
10.8% |
| | Franchised as % of Total |
100.0% |
100.0% |
100.0% |
Investment Required
The franchise fee for a Floor Coverings International franchise is $45,000 plus $0.25 for each single family dwelling over 125,000 in the franchisee’s DMA.
Floor Coverings International provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| |
Item |
Established Low Range |
Established High Range |
| |
Initial Franchise Fee |
$45,000 |
$45,000 |
| |
Inspirenet Software |
$5,000 |
$5,000 |
| |
Expenses While Training |
$5,000 |
$7,500 |
| |
Opening Package |
$20,000 |
$45,000 |
| |
Personnel/Staffing |
$0 |
$24,000 |
| |
Initial Advertising Expenses |
$40,000 |
$60,000 |
| |
Insurance (per yr) |
$1,500 |
$6,000 |
| |
Misc. Opening Costs |
$2,000 |
$15,000 |
| |
FCI Vehicle |
$0 |
$38,000 |
| |
Office Equipment |
$2,000 |
$10,000 |
| |
Real Estate and Improvements |
$5,000 |
$30,000 |
| |
Additional Funds (3 Months) |
$7,500 |
$20,000 |
| |
Total Initial Investment |
$133,000 |
$305,500 |
Ongoing Expenses
Floor Coverings International franchisees pay royalty fees equal to 5% of gross sales or $750 in the first 12 months of operation or $2,000 per month thereafter. Additional fees payable by the franchisee include a brand fund contribution equal to 3% of gross sales and a local advertising fee equal to a minimum of 6% of gross sales.
What You Get—Training and Support
In addition to the comprehensive training that franchisees receive at the launch of their ventures, Floor Coverings International provides franchisees and their employees with continual professional development opportunities including financial and management training, relevant topic-specific seminars, sales and design training, production coordinator training, and in-field visits.
Floor Coverings International provides a customized marketing system for each and every franchisee that provides a consistency of revenue and new business. Additional brand-wide marketing efforts include internet and search engine marketing, web-based banner ad programs, highly targeted mailing programs, and social media.
Territory
Floor Coverings International grants exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, on-going expenses, training and territory grants were taken from the company’s 2011 FDD. The 2011 write-ups will be incorporated into the 2012 Edition of Bond’s Top 100 Franchises publication.
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