How To Start A Flooring Business
The home improvement industry has absolutely exploded in recent years and has shown no signs of slowing down. With the increased popularity of home improvement reality television shows, more homeowners are interested in shaping their homes into their ideal spaces. Of course, they want expert help as they make those changes, and that’s where you come in! The home improvement industry brings in $340 billion annually, making owning a business in the industry low-risk, high reward opportunity. Now is an amazing time to think about starting a flooring business and dive into this exciting, creative industry.
What Are The Risks Associated With Joining The Flooring Industry?
As with any business, there are benefits and challenges to the job. Starting a flooring business, for instance, has the potential to be extremely time-consuming. Every home is different, and the existing floors or layout of the home make every project unique, and you never know what obstacles will crop up. There are many facets to the job that goes beyond uninstalling and reinstalling floors. Customers call for many other services, including refinishing hardwood floors and emergency floor maintenance. As a result, working in the flooring business means you’ll need to know how to manage your workload well.
Running a flooring business can also be expensive, often from the need to have large showrooms full of inventory and sample layouts of spaces to help potential clients select materials for their homes.
Many flooring businesses also require owners to have a background in areas of construction, flooring, or technical installation in addition to experience in business ownership. As the owner of a flooring business, you wear many hats, overseeing the financial and marketing efforts of the company, managing the customer service, and project management. After all, customers care deeply about their homes, and they want the best possible quality with minimal interruption to their daily lives. Add to this the need to manage employee relations, payroll, invoices, and payment collection, and you have a job that could take much of your free time away.
Working in home improvement comes with lots of pressure, but for those willing to rise to the challenge, there is the opportunity for a high return on investment.
How Does Footprints Floors Provide Support?
At Footprints Floors, we know that starting a flooring business is both exciting and intimidating! We have worked hard to help you embark on your new adventure with peace of mind, knowing that your success matters to us. We have years of experience behind us and we are ready to help you not just reach but to exceed your business goals.
To begin, we prioritize lowering your initial investment so that you can start making money faster. While investing in a home improvement franchise can cost upwards of $1 million, we have an industry low initial investment cost of between $75,000 and $97,580. That means that for less than $100,000, you have covered your franchising fee, your professional fees, and business licenses as well as your training.
As a result, you are able to earn money much faster. In fact, current Footprints Floors owners average gross sales of $969,724, with top performers making more than $1.2 million! We believe this is a direct reflection of the simplicity of our business model, which allows you to reach more customers than the competition.
We keep our costs low by eliminating large showrooms and expensive stocks of inventory. Instead, customers find their own flooring, which allows them to shop around for their perfect floor at a cost they love. This saves you money and allows you to focus on project management and expert customer service.
We know that successful franchising often comes as a result of excellent organizational structure and support from the corporate offices. We strive to provide the best support possible for our Owners. For instance we have a dedicated call center that receives calls from customers. We help in building relationships with your customers and connect with your crews, allowing you more time to grow your business.
Out on a job? Our call centers can answer customer questions. Looking for new business? Our call centers can help magnify your efforts to network. We are there for you every step of the way because we know that running your business is an important part of your life, but not the only part of your life. Family always comes first with Footprints Floors.
Advantages Of Starting A Flooring Business With Footprints Floors
You do not need to be an expert in home renovation to own a Footprints Floors. You will certainly want to hire expert subcontractors to handle the renovations and maintenance, but most of our Owners have had no prior experience in construction and come from white-collar jobs! Plus, we’ll make sure you’re trained on finding excellent crews. If you have an entrepreneurial drive and excellent management skills as well as a love of problem solving and multitasking, then you should absolutely consider opening your own Footprints Floors.
Inquire to learn more about starting a flooring business today!