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.