What are the Benefits of Franchising? FCI Gives You the Floor-1-1
Are you thinking about starting your own business? Franchising could be your answer. It offers a way to dive into business ownership with less risk and more support. Franchising has boomed over the last few decades, spreading across more than 300 industries worldwide. For many, it’s the perfect mix of being your own boss and having a safety net.
Matt Haller, CEO of the International Franchise Association, says, “Franchising provides opportunities for aspiring entrepreneurs to become their boss and creates a pathway to wealth that would otherwise not be available for many.” And he’s right. Floor Coverings International (FCI) has been leading the charge in the flooring and franchising industries since 1989.
Our franchisees thrive on our expertise, building lasting customer relationships and delivering top-notch flooring solutions. As CEO Tom Wood highlights, the top 50 percent of FCI operators generated $1.5 million in average revenue in 2023, with the top 10 percent raking in an impressive $3.3 million in average unit volume – both all-time highs for the brand.
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Unmatched Support Grounded in Expertise
Most franchisors provide solid training programs to help franchisees get the hang of running their businesses. This covers the company’s systems, marketing strategies, personnel management, and daily operations. Plus, ongoing support is always there to help tackle any challenges. At FCI, we’ve nailed down a business model that’s simple to run and easy to scale.
Being part of a supportive franchise like FCI also means networking with other franchisees. This community lets business owners share support, advice, and best practices, which is helpful, especially for newbies.
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Established Brand Presence
One of the biggest perks of franchising is leveraging an established brand. Floor Coverings International, backed by FirstService Brands, brings immediate customer loyalty and brand awareness to every new and existing franchise location. If you were starting from scratch, it could take years to build this kind of recognition.
By joining forces with brands that have already solidified their reputation and customer loyalty, franchisees can attract more customers right from the start. An established brand presence gives you a significant head start.
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Proven Business Model
Franchising comes with a proven business model that’s been tested and refined. Floor Coverings International has years of experience and has served thousands of happy customers. FCI knows what works and shares this knowledge with franchisees, providing a clear roadmap for operations, marketing, service delivery, and more.
Even during tough economic times like inflation, franchise brands like FCI have robust business models to weather the storm. These brands keep awarding new franchisees who thrive in the business. The established systems and processes are designed to optimize efficiency and profitability, giving franchisees a clear path to success.
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Economics and Value
Franchisees benefit from the franchise network’s buying power, often leading to lower costs for supplies and services. Brands like FCI even structure their business models to keep costs low, helping franchisees save on initial start-up costs and boost profit margins. This approach is a key benefit of franchising with FCI and helps franchisees achieve a quick and high ROI.
Looking Ahead at the Future
With FCI’s best-in-class mobile platform, low entry costs, and swift operational setup, Floor Coverings International continues to attract high-caliber franchisees from various professional backgrounds. The company’s ability to get new businesses up and running profitably within 90 days, coupled with extensive training, ensures a strong start for its franchisees.
As Floor Coverings International looks forward to signing 100 new franchisees and reaching 300 units by the end of 2024, it’s clear that Tom Wood’s vision of creating a $1 billion company is well within reach. If you’re considering franchising, Floor Coverings International offers a proven model, unmatched support, and the potential for significant financial success.
Contact us today to learn more about joining this thriving franchise family.
