What are my Startup Costs?
The typical investment is $153,400 to $214,400. This includes your franchise fee, start-up package, working capital and initial aggressive marketing and lead generation expenses for the first 4-6 months of business.
Our franchised units typically start out with a franchise owner and a part time office manager. Within the first 6 months, the journey has you adding two full-time design associates (DAs) to your staff and a third at your one year mark. Our business scales by adding DAs and Mobile Flooring Showrooms.
Take a look at our estimated initial investment costs as outlined in Item 7 of our Franchise Disclosure Document.
Your Estimated Initial Investment
|Expenditures||Standard Fee||Method of
|Initial Franchise Fee||$54,900, plus $0.25 for
each single family dwelling
over 80,000 in your DMA
|Lump Sum or
|When you sign
|$7,500||Lump Sum||Prior to training||FCI|
|$3,000 – $5,000||Varies||As incurred||Various Third Parties|
|OPENING PACKAGE||$35,000 – $40,000||Lump Sum||Prior to training||FCI and third parties|
|PERSONNEL/STAFFING||$0 – $5,000||As Agreed||As Agreed||Employees|
|$40,000 – $60,000||Varies||Within 4
|$1,500 – $6,000/yr||Lump Sum or
|As incurred||Your insurance carrier|
|$2,000 – $5,000||Varies||As incurred||Business
|FCI Vehicle||$1,000||Lump Sum, finance or lease||According to purchase option||Our designated suppliers or third parties|
|OFFICE EQUIPMENT||$1,000 – $5,000||Lump Sum||As incurred||Third Party|
|REAL ESTATE AND
|$0 – $5,000||Varies||As incurred||Various Third Parties|
FUNDS – 6 months
|$7,500 – $20,000||As incurred||As incurred||Supplies,
|Total||$153,400 – $214,400|
“Floor Coverings International is raising the standard for customer service in the flooring industry. This speaks directly to my passion to provide outstanding customer service. I have a great desire to help people and this business gives me the opportunity to help people complete the flooring projects of their dreams.”
“We liked their model and we liked their experience with in-home sales. We like the idea of bringing joy to people. Flooring is a big deal, and it’s a lot of money, being able to change up their home in an easy fashion where they don’t have to go from store to store.”
“I wasn’t ready to give up working all together. Floor Coverings International allowed me to stay home with my children while also running a successful business. It was the perfect opportunity”