Floor Coverings International Franchise Startup Costs
Learn about our franchise startup costs and what you’ll need to invest when starting an FCI.
Starting a business doesn’t require you to strike it rich first. In fact, Floor Coverings International has one of the most affordable opportunities in the $430 billion home remodeling industry, with lower franchise expenses than many of our competitors.
Below are the FCI’s franchise startup fees and costs:
| Expenditures | Standard Fee | Method of Payment | When Payable | To Whom Payment is Made |
|---|---|---|---|---|
| Initial Franchise Fee | $50,000 | Lump Sum or Installment | When you sign the Franchise Agreement | FCI |
| Additional Territory Fee (minimum of 2) | $40,000 each | Lump Sum or Installment | When you sign the Franchise Agreement | FCI |
| Inspirenet / Inspirenet Mobile Software | $7,500 | Lump Sum | 30 days prior to training | FCI |
| Software Access Fee (2 months) | $400 - $600 | Lump Sum | Monthly upon signing Franchise Agreement | FCI |
| Training Related Expenses | $3,000 - $5,000 | Varies | As incurred |
Various third parties |
| Opening Package | $35,000 - $45,000 | Lump Sum | 30 days prior to training | FCI and third parties |
| Personnel / Staffing | $0 - $5,000 | As Agreed | As Agreed | Employees |
| Initial Advertising Expenses | $40,000 - $60,000 | Varies | Within 4 Months after training | Various third parties |
| Insurance Liability / Vehicle | $1,500 - $6,000/yr | Installment or Lump Sum | As incurred | Your Insurance Carrier |
| Miscellaneous Opening Costs | $2,000 - $5,000 | Varies | As incurred | Business licenses, utilities, phone |
| 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 Improvements | $0 - $5,000 | Varies | As incurred | Various third parties |
| Additional Startup Funds | $45,000 - 65,000 | As Incurred | As incurred | Supplies, utilities, etc |
| TOTAL | $154,400 – $341,000 |
Ready to Get Started?
Now that you understand your franchise expenses, learn more about what your profit potential looks like. If you’re ready to start the franchise discovery process, fill out this form.
