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Is A Flooring Company For Sale Profitable?
When it comes to finding a flooring company for sale, it’s important to know if they are profitable or not.
There are plenty of gains and opportunities to be had in the home improvement and flooring industry, but is running a flooring business profitable in this day and age? We sure think so. After all, flooring is one of the key elements in designing a home, renovating a home and simply refinishing the surfaces within a home.
Flooring installation is a job that is in high demand since most homeowners would prefer avoiding the hard labor that goes into it. But let’s dive deeper into what makes a flooring business profitable and why a franchise like Footprints Floors could be the right career move for you.
What Makes A Flooring Business Profitable?
When you look at a franchise like Footprints Floors, the details on what makes them a profitable flooring company are clear. There are key elements that are tell-tale signs for high-profit margins and incredible gains within the industry. Footprints Floors and other similar flooring businesses see these elements in common:
An Interested And Large Market
When you’re looking into a flooring franchise for sale, you’ll need to see what the market looks like in your area that you’re wanting to set up shop. Flooring businesses are always in demand, and with a big name like Footprints Floors, the market is essentially yours. Your main market will be residential clients looking to renovate their homes. This market tends to be full of people who are willing to pay top dollar for professionals to come in and do the hard work. Providing quality flooring services is what Footprints Floors is all about which means a great profit opportunity for you as a Franchise Owner.
Competition
The amount of profit that you earn will largely depend on what the competition is like in your area. Here at Footprints Floors, we do things differently from Lowe’s, Home Depot, and other home improvement stores. Because of our business model, we stand alone in convenience, cost, reputation and flexibility. Our customers can purchase their flooring materials anywhere which gives them more control over the cost and style. And for Franchise Owners that means no wasted money on things like flooring materials, the storage needed for these materials, showrooms or non-essential employees.
Industry-Low Startup Costs
Footprints Floors boasts some of the best startup costs in the industry. With low startup costs, you can bank on not having to cut into your profits. Low costs means more money to run the business — and more money to earn. Footprints Floors really sets up their Franchise Owners for success by giving them a head start on gaining huge profits. Even with low-to-mid range investments, the return on investments is quicker than the industry standard.
A Ready-To-Go Brand
Most franchises have name recognition and experience on their sides. With this, they’re able to easily spread the word about new business openings and services for clients. Franchises like our flooring business for sale, Footprints Floors, can provide you with lots of growth opportunities with our fast national growth. This means that more people are seeing Footprints Floors floor franchise around and you’ll have great brand recognition right away — in addition to marketing support and help.
How We Do It
Footprints Floors is a one-of-a-kind residential flooring installation and restoration business. We install all sorts of surfaces that you’d see in a home. These materials range from hardwood floors to carpet and from backsplashes to laminates. Our business model has been proven and verified by over a decade of industry-leading experience and fantastic unit economics. Our success comes from one key business objective – to offer outstanding customer service in an industry where it is often lacking.
And the icing on the cake? Here are some numbers that you can sink your teeth into: in 2020, the average gross sales were $808,547 with an average net profit of $217,394. For a flooring business for sale, those aren’t bad numbers at all.
Enjoy Profitability With Footprints Floors
The extensive support we provide, our simple floor franchise concept, and our revenue potential help you build a business you love while giving you the flexibility to live a life you love! Footprints Floors offers incredible benefits to franchising to those who want to experience the amazing profits our industry sees. Things like incredibly low investments, outstanding economics, owner freedom and flexibility, minimal costs and incredible corporate support are all yours to experience when you invest in the highly profitable flooring business for sale – Footprints Floors.
Inquire today about opening your own Footprints Floors!