Start-Up Costs and Fees |
||
| Floor Coverings International | Floor Restore | |
| Investment | 154200 - 222700 | 95403 - 182353 |
| Franchise Fee | ||
| Royalty Fee | 5% | |
| Advertising Fee | 3% | |
| Year Founded | 1988 | 0 |
| Year Franchised | 1989 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Floor Coverings International | Floor Restore | |
| Experience | General business experience Marketing skills Direct sales experience | * Are you out of work or under employed? * Are you in the construction industry and struggling for stable income? * Are you a small flooring retailer looking for an avenue into the restoration market? * Have you looked at other franchises and found them to be just too expensive? * Are you looking for a professional business without the investment and overhead of an office or store front? |
Financing Options |
||
| Floor Coverings International | Floor Restore | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Floor Coverings International | Floor Restore | |
| Training | We are going to teach you world-class business practices - from estimating a job to maintaining strong margins through efficient project management, to training employees to understanding and utilizing sales and marketing strategies .You will receive everything you need to become a successful member of the Floor Coverings International family of franchisees. Franchise training consists of a combination of classroom, online and field learning. Your three weeks of comprehensive franchise training are spread over the course of several months to promote maximum retention and franchise success. On-The-Job Training: 12 hours Classroom Training: 40 hours Additional Training: Regional meetings & national convention | |
| Support | We are available year round to help you to continue learning and provide additional franchise training for franchise success. It all starts with our annual convention. This is where all members of the Floor Coverings International family assemble to recap the successes of the year and plan for the upcoming year. For franchisees there are also peer meetings. These "momentum groups" are a great resource for franchisees of varying experience levels to create synergy by sharing successful local sales techniques and business strategies. We provide a comprehensive data system that enables you to manage every aspect of your business. You will be able to manage your marketing programs, leads, scheduling, estimates, jobs in progress and employees all from one interface. You'll be able to download and upload information to and from corporate databases, customize reports to fit your business model, and manage your business against established plans and goals. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | |
| Marketing | Ad slicks, Regional advertising | |
| Operations | Franchise can be run from home. 1% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Floor Coverings International | Floor Restore | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion | Canada, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Floor Coverings International | |
| Floor Restore | |
| Franchise Fee | |
| Floor Coverings International | |
| Floor Restore | |
| Royalty Fee | |
| Floor Coverings International | 5% |
| Floor Restore | |
| Advertising Fee | |
| Floor Coverings International | 3% |
| Floor Restore | |
| Year Founded | |
| Floor Coverings International | 1988 |
| Floor Restore | 0 |
| Year Franchised | |
| Floor Coverings International | 1989 |
| Floor Restore | 0 |
| Term Of Agreement | |
| Floor Coverings International | 5 years |
| Floor Restore | |
| Renewal Fee | |
| Floor Coverings International | |
| Floor Restore | |
Business Experience Requirements |
|
| Experience | |
| Floor Coverings International | General business experience Marketing skills Direct sales experience |
| Floor Restore | * Are you out of work or under employed? * Are you in the construction industry and struggling for stable income? * Are you a small flooring retailer looking for an avenue into the restoration market? * Have you looked at other franchises and found them to be just too expensive? * Are you looking for a professional business without the investment and overhead of an office or store front? |
Financing Options |
|
| Franchise Fees | |
| Floor Coverings International | No |
| Floor Restore | No |
| Start-up Costs | |
| Floor Coverings International | |
| Floor Restore | |
| Equipment | |
| Floor Coverings International} | |
| Floor Restore | |
| Inventory | |
| Floor Coverings International | |
| Floor Restore | |
| Receivables | |
| Floor Coverings International | |
| Floor Restore | |
| Payroll | |
| Floor Coverings International | |
| Floor Restore | |
Training & Support |
|
| Training | |
| Floor Coverings International | We are going to teach you world-class business practices - from estimating a job to maintaining strong margins through efficient project management, to training employees to understanding and utilizing sales and marketing strategies .You will receive everything you need to become a successful member of the Floor Coverings International family of franchisees. Franchise training consists of a combination of classroom, online and field learning. Your three weeks of comprehensive franchise training are spread over the course of several months to promote maximum retention and franchise success. On-The-Job Training: 12 hours Classroom Training: 40 hours Additional Training: Regional meetings & national convention |
| Floor Restore | |
| Support | |
| Floor Coverings International | We are available year round to help you to continue learning and provide additional franchise training for franchise success. It all starts with our annual convention. This is where all members of the Floor Coverings International family assemble to recap the successes of the year and plan for the upcoming year. For franchisees there are also peer meetings. These "momentum groups" are a great resource for franchisees of varying experience levels to create synergy by sharing successful local sales techniques and business strategies. We provide a comprehensive data system that enables you to manage every aspect of your business. You will be able to manage your marketing programs, leads, scheduling, estimates, jobs in progress and employees all from one interface. You'll be able to download and upload information to and from corporate databases, customize reports to fit your business model, and manage your business against established plans and goals. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Floor Restore | |
| Marketing | |
| Floor Coverings International | Ad slicks, Regional advertising |
| Floor Restore | |
| Operations | |
| Floor Coverings International | Franchise can be run from home. 1% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) |
| Floor Restore | |
Expansion Plans |
|
| US Expansion | |
| Floor Coverings International | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Floor Restore | |
| Canada Expansion | |
| Floor Coverings International | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| Floor Restore | |
| International Expansion | |
| Floor Coverings International | Canada, |
| Floor Restore | |