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Description
Investment Icon

What Are the Initial Investment Requirements for a Floors To Go Franchise?

To open a Floors To Go franchise, you will need to prepare for a range of initial investment costs. The franchise fee is set at $10,000, while the total initial investment can vary between $23,050 and $61,900. This includes necessary startup costs such as equipment, signage, and initial inventory. It's essential to ensure you have the required cash available, as the cash needed ranges from $23,050 to $61,900. Additionally, prospective franchisees must demonstrate a net worth between $250,000 and $500,000 to qualify for ownership.

Fees Icon

What Are the Ongoing Fees Associated with a Floors To Go Franchise?

Owning a Floors To Go franchise comes with ongoing fees that are crucial for maintaining brand standards and marketing efforts. Franchisees are required to pay a royalty fee of 4% on gross sales, in addition to a marketing fee that ranges from 4% to 6%. These fees contribute to the overall success of the franchise system by funding advertising campaigns and providing support to franchisees. Understanding these ongoing costs is vital for managing your financial expectations and ensuring long-term profitability.

Revenue Icon

What Is the Average Revenue Potential for a Floors To Go Franchise?

Floors To Go franchises have demonstrated impressive revenue potential, with an average annual revenue of approximately $3,306,062 per unit. The revenue figures indicate a healthy financial outlook, with the lowest annual revenue recorded at $2,908,554 and the highest at $3,621,046. This robust revenue generation reflects the brand's strong market presence and customer demand, making it an attractive investment opportunity for aspiring franchisees.

Breakeven Icon

How Long Does It Take to Break Even with a Floors To Go Franchise?

Franchisees can expect to reach their breakeven point within approximately 12 months of operation. This relatively quick return on investment is appealing for new franchise owners, as it allows for a faster transition into profitability. Additionally, the investment payback period is estimated at around 24 months, providing a clear timeline for when franchisees can expect to recoup their initial investment. Understanding these timelines can help potential owners make informed decisions about their financial commitments.

Floors To Go Franchise Financial Requirements

Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.

Net Worth Required icon The minimum total assets (minus liabilities) you must possess.

i Net Worth Required:

$250,000 - $500,000
Investment Payback icon The estimated period to recoup your total investment.

i Investment Payback:

24 Months
Franchise Fee icon The initial fee paid to join the franchise system.

i Franchise Fee:

$10,000
Royalty Fee icon Ongoing percentage of revenue paid to the franchisor.

i Royalty Fee:

4%
Marketing Fee icon Regular contribution toward the franchise’s advertising fund.

i Marketing Fee:

4%-6%
Breakeven Time icon The estimated timeframe to recover your initial costs.

i Breakeven Time:

12 Months
Initial Investment icon The total amount required to launch the franchise.

i Initial Investment:

$23,050 - $61,900
Cash Required icon The minimum liquid capital you must have on hand.

i Cash Required:

$23,050 - $61,900
Average Revenue icon The typical yearly revenue generated per franchise location.

i Average Revenue:

$3,306,062
Median Revenue icon The middle value of yearly revenue among franchise locations.

i Median Revenue:

$3,306,062
Highest Revenue icon The largest reported annual revenue among franchisees.

i Highest Revenue:

$3,621,046
Lowest Revenue icon The smallest reported annual revenue among franchisees.

i Lowest Revenue:

$2,908,554
Industry icon A broad sector defining similar types of franchise businesses.

i Industry:

Retail Franchises
Category icon A more specific division within the broader industry.

i Category:

Specialty Retail
Leadership icon The key individuals guiding the franchise’s strategy and growth.

i Leadership:

Philip Gutierrez
Corporate Address icon The official business address of the franchisor’s headquarters.

i Corporate Address:

3471 Bonita Bay Boulevard Bonita Springs, Florida 34134
Funding Year icon Available financing options to help start the franchise.

i Funding Year:

2002
Parent Company icon The main organization that owns the franchise brand.

i Parent Company:

Floors To Go, LLC

Floors To Go Franchise Unit Growth Summary

A breakdown of corporate, franchised, and total units, with yearly net changes.

The overall number of operating franchise locations.

Total Units i

151
The number of locations owned by independent franchisees.

Franchised Units i

151
The number of locations owned and run by the franchisor.

Corporate Units i

0
Units 2020 2021 2022
Total Units 149 151 151
Net Change YoY 2 0
Franchised Units 149 151 151
Net Change YoY 2 0
Corporate Units 0 0 0
Net Change YoY 0 0
Investment About

Investment Overview

The Floors To Go franchise offers a low to moderate initial investment range, with costs between $23,050 and $61,900. The initial franchise fee is set at $10,000, while ongoing royalties are 4% of gross sales. Franchisees should also anticipate a marketing fee ranging from 4% to 6%, ensuring brand visibility and support.

Potential About

Financial Performance

Average annual revenue per unit stands at approximately $3,306,062, with a median figure reflecting the same. The revenue range varies from a low of $2,908,554 to a high of $3,621,046, showcasing the potential for profitability within the franchise model.

Metrics About

Breakeven Analysis

The Floors To Go franchise has a breakeven time of about 12 months, indicating that franchisees can expect to recoup their initial investment relatively quickly. Furthermore, the investment payback period is estimated at 24 months, allowing for a clearer financial outlook for new owners.

Fees About

Franchise Growth

As of 2022, Floors To Go operates a consistent number of franchised units, totaling 151 since 2021. The franchise has shown stability in its unit count, with no corporate-owned locations, highlighting a focus on franchising as the primary growth strategy.

Breakeven About

Operational Expenses

Average operating expenses for a Floors To Go unit are approximately $1,521,665, accounting for 46.06% of total revenue. Key expense categories include management fees, franchise-related costs, and commissions, which are essential for maintaining operational efficiency and support.

Units About

Net Worth Requirements

Prospective franchisees must demonstrate a net worth between $250,000 and $500,000 to qualify for a Floors To Go franchise. This requirement ensures that candidates have the financial stability necessary to invest in and sustain their business, contributing to overall franchise success.

Frequently Asked Questions

The initial investment for a Floors To Go franchise ranges from $23,050 to $61,900, which includes a franchise fee of $10,000.