Interested in Buying a Flooring Company For Sale?
Consider a low cost alternative.
Looking at Buying a Flooring Company for Sale?
Consider a low cost alternative.
The Franchise Option:
Low Cost Alternative to Buying a Flooring Company For Sale
The home services industry is an economic powerhouse with an economic impact estimated to be somewhere between $400 billion and $800 billion a year. As a sub segment of the home improvement industry, the flooring industry is a driving force in the economy all on its own with floor installations accounting for around $26 billion a year in revenue. The flooring industry has experienced steady growth since 2010 with an average growth of 4.5% over the past five years.
With a strong and growing market you may be looking to get started with your own flooring company. If you are looking to get started with an established brand, you will have two options: you will either want to purchase an existing floor company for sale or you can franchise. There are several factors that you should consider when deciding which option best fits your needs.
Initial Investment
When starting any new business venture, whether you are considering buying a floor company for sale or building your own business with a franchise, it is important to consider your initial investment. Your options between purchasing an existing company vs franchising the initial investment vary greatly. The flooring companies available for sale on the market today are asking for anywhere from $290,000 on the low end up to $5 million. On the other hand your initial investment with a Footprints Floors will typically be between $62,500 to $85,550. With a much lower initial investment, franchising allows a much more cost effective strategy for getting started with your own floor company.
Return On Investment
We know that there is more to consider than just the initial investment when deciding the best way to start your own business in the flooring industry. Your return on investment is a huge factor in what option will work best for you and your financial goals. The average Footprints Floors franchise sees a 783% return on investment, in fact our Franchise Owners have typically recouped their initial investment within just 3 to 6 months. Compare this with the flooring companies for sale on the market now which have a return on investment between 0%-71%. While those companies may have established sales revenue, they also have a steep initial investment which will take a much longer time to recoup.
Professional Support
There are additional benefits to franchising that you just won’t get when you purchase a flooring company on your own. Purchase a flooring company for sale and once the transaction is finished you are on your own. But with Footprints Floors you will have the support of a company that has 10 years of experience in the business. That support includes training, marketing, finance management, and customer service support from our professional call center. When you franchise with Footprints Floors you aren’t just buying a business, you are becoming a part of the Footprints Floors family. We have a proven model for success, and we are here to help you make your own Footprints Floors successful too!
From the initial investment to return on investment and ongoing business development, there is no better value for starting your own flooring company than franchising with Footprints Floors. Fill out the form below to find out more about franchising your own successful flooring company with Footprints Floors.