Floor Refinishing Franchise FAQs with Footprints Floors
About Our Floor Franchise For Sale
About Our Floor Franchise For Sale
Start a New Career With a Floor Refinishing Franchise
Owning a franchise is a great way to become your own boss, but it can be a lot to take on. Here, we’ve answered some of our most frequently asked questions about opening a floor refinishing franchise with Footprints Floors.
What are the Qualifications for a Franchise Owner?
Contrary to what you might think, you do not need experience with floor refinishing or any other contractor experience. Many of our Franchise Owners come into the industry with no prior experience. At Footprints Floors, we’re looking for individuals with a strong entrepreneurial spirit, excellent management and problem-solving skills, and a go-getter attitude.
To find out if you qualify as a franchise owner, fill out our Franchise Questionnaire here to see if you meet our initial background and financial requirements. All applicants must complete and submit this questionnaire before proceeding to the next steps.
How Does Footprints Floors Support Franchise Owners?
Footprints Floors provides all the support you need to help you confidently run your franchise. We offer support in the following areas:
- Corporate Call Center
- Ongoing operational support
- Accounting and financial coaching
- Subcontractor hiring support
- Sales and retention
In addition to ongoing support in these areas, the Footprints Floors corporate team manages 10 online construction portals, Google AdWords, social media platforms, territory-specific websites, and lead generation. That way, you can focus on managing the day-to-day operations of your business and building relationships with clients.
From helping you open your business to beyond, our knowledgeable team of support staff will be available every step of the way to ensure your success. We are always ready to offer assistance with anything you might need.
How Many Employees Will I Need?
Because a Footprints Floors franchise doesn’t require a physical location, you don’t need to hire many employees at the beginning. Most franchise owners start with just 2-3 subcontractors. As your business grows, you may wish to hire a production manager to assist with field management and hire more subcontractors.
What are the Fees and Expenses for Franchise Owners?
The franchise fee for Footprints Floors is $68,000 for a single store. However, we also have discounted multi-territory fees for candidates with strong business and management backgrounds. Once you own your franchise, you’ll pay a monthly royalty fee equal to 6 percent of gross sales. This allows you to use the Footprints Floors logos and trademarks and access our support systems, new product development, and more. Aside from the regular franchise fees, your main two expenses will typically be marketing efforts and labor costs.
Is Floor Refinishing Profitable?
Yes! The home renovation industry is worth over $27 billion, and flooring is a huge part of that. Joining the industry through a franchise can be very profitable. In 2021, our multi-unit Franchise Owners saw Average Gross Sales of $600,000 and an Average Gross Profit of over $200,000.
After completing our Questionnaire and demonstrating financial qualifications, we will provide you with our Franchise Disclosure Document (FDD), which contains more detailed financial statements and our Franchise Owners’ performance.
What is a Typical Week Like for a Footprints Floors Franchise Owner?
A typical week as a Footprints Floors franchise owner involves many different tasks. The beginning of the week, typically Monday and Tuesday, is reserved for taking estimates. Once a price is agreed upon, you collect half the fee upfront to cover construction costs. Subcontractors aim to complete the job in the middle of the week, for example, Wednesday and Thursday. At the end of the week, you’ll collect the second half of the fees for the job and pay your contractors, and then you get to enjoy your weekend with no work!
How do I Find and Manage Subcontractors?
Finding and managing subcontractors for your business can seem daunting at first. You want to work with reliable, licensed, and safe contractors. We will train you on how to find the best subcontractors. In addition to teaching you how to find the best subcontractors, you get to rely on the stellar reputation of Footprints Floors. We are known for being easy to work with, paying well, and paying on time.
How Long Will it Take to get my Business up and Running?
Our highly systematized training and onboarding processes allow new franchise owners to get their business up and running within just 4-6 weeks.
Still have questions?
If you’re still unsure whether a floor refinishing franchise is for you, fill out our questionnaire to receive more information
about our franchise, our financials, and even information about other Franchise Owners.
Our Franchise Development Director to personally guide you through our Education Process and answer any questions you have about owning a flooring company for sale with Footprints Floors Franchise.
Our Franchise Disclosure Document: 40 pages of the important stuff!
More Detailed Financials including historical sales performance of all our franchise locations
All of the Footprints Floors Franchise Owners! You’ll be able to hear directly from the Franchise Owners about how they made the decision to invest and become owners of their Footprints Floors franchise locations.