Start-Up Costs and Fees |
||
| Floor Coverings International | Stone Mountain-GCO Flooring Outlet | |
| Investment | 154200 - 222700 | 289500 - 409500 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 1.5-2.5% |
| Advertising Fee | 3% | |
| Year Founded | 1988 | 1988 |
| Year Franchised | 1989 | 1993 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Floor Coverings International | Stone Mountain-GCO Flooring Outlet | |
| Experience | General business experience Marketing skills Direct sales experience | |
Financing Options |
||
| Floor Coverings International | Stone Mountain-GCO Flooring Outlet | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Floor Coverings International | Stone Mountain-GCO Flooring Outlet | |
| 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 | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Purchasing cooperatives |
| Marketing | Ad slicks, Regional advertising | Co-op advertising, Ad slicks |
| 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) | 32% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) |
Expansion Plans |
||
| Floor Coverings International | Stone Mountain-GCO Flooring Outlet | |
| 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 | |
| Stone Mountain-GCO Flooring Outlet | |
| Franchise Fee | |
| Floor Coverings International | |
| Stone Mountain-GCO Flooring Outlet | |
| Royalty Fee | |
| Floor Coverings International | 5% |
| Stone Mountain-GCO Flooring Outlet | 1.5-2.5% |
| Advertising Fee | |
| Floor Coverings International | 3% |
| Stone Mountain-GCO Flooring Outlet | |
| Year Founded | |
| Floor Coverings International | 1988 |
| Stone Mountain-GCO Flooring Outlet | 1988 |
| Year Franchised | |
| Floor Coverings International | 1989 |
| Stone Mountain-GCO Flooring Outlet | 1993 |
| Term Of Agreement | |
| Floor Coverings International | 5 years |
| Stone Mountain-GCO Flooring Outlet | 5 years |
| Renewal Fee | |
| Floor Coverings International | |
| Stone Mountain-GCO Flooring Outlet | $2.5K |
Business Experience Requirements |
|
| Experience | |
| Floor Coverings International | General business experience Marketing skills Direct sales experience |
| Stone Mountain-GCO Flooring Outlet | |
Financing Options |
|
| Franchise Fees | |
| Floor Coverings International | No |
| Stone Mountain-GCO Flooring Outlet | No |
| Start-up Costs | |
| Floor Coverings International | |
| Stone Mountain-GCO Flooring Outlet | |
| Equipment | |
| Floor Coverings International} | |
| Stone Mountain-GCO Flooring Outlet | |
| Inventory | |
| Floor Coverings International | |
| Stone Mountain-GCO Flooring Outlet | |
| Receivables | |
| Floor Coverings International | |
| Stone Mountain-GCO Flooring Outlet | |
| Payroll | |
| Floor Coverings International | |
| Stone Mountain-GCO Flooring Outlet | |
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 |
| Stone Mountain-GCO Flooring Outlet | |
| 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 |
| Stone Mountain-GCO Flooring Outlet | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Purchasing cooperatives |
| Marketing | |
| Floor Coverings International | Ad slicks, Regional advertising |
| Stone Mountain-GCO Flooring Outlet | Co-op advertising, Ad slicks |
| 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) |
| Stone Mountain-GCO Flooring Outlet | 32% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) |
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 |
| Stone Mountain-GCO Flooring Outlet | |
| 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 |
| Stone Mountain-GCO Flooring Outlet | |
| International Expansion | |
| Floor Coverings International | Canada, |
| Stone Mountain-GCO Flooring Outlet | |