FLOOR HERO Franchise Fee, Revenue, And Profit Margin
How would you feel making up to $200 per hour running a business of your own? Have you heard of Floor Hero franchise? If you are looking to start a business of your own with high market demand, then starting a Floor Hero franchise business won’t be a bad idea for a serious entrepreneur.
The best part is that you don’t need much capital to start a Floor Hero franchise. Floor Hero franchise is a low investment business franchise that any average income earners can start and become a business owner.
So, if you have heard of Floor Hero franchise but don’t know anything about them, I will be sharing with you some vital information you will need to know about Floor Hero franchise so you can make a decision whether to join the network or not.
About Floor Hero Franchise
Founded in 2010 and started franchising that same year, Floor Hero franchise now has more than 5 locations operating in Canada and the United States. Floor Hero franchise has it headquarter in Sterling Heights, Michigan.
Floor Hero is recognized as the “No Sanding” wood floor cleaner business. Floor Hero services include restoring the floor of homeowners leaving behind no dust or odor using the Floor Hero products.
Floor Hero services can start and finish in one day at a relatively low cost for the homeowner. Floor Hero is a franchise that is of high demand because of the effect gotten from their floor restoring products. As a Floor Hero, you will be trained on how to restore and recoat wood floor completely without any dust or odor.
Instead of sanding the floor to remove scratches and scuffs from the floor like other competitors do, Floor Hero uses a high speed buffer to do the job. The floor then becomes restored with a new coat of odorless polyurethane giving the floor it original look.
Franchisees with Floor Hero franchise enjoys an easy business to operate, a protected territory, enjoy flexibility, proprietary products and services, no advertising funds and so on. This is a low investment business opportunity with high profit potential.
Floor Hero franchise is now accepting franchisees from United States, Canada and all over the world. This should be the right time to give yourself the chance build a business where earning from it is not an issue.
How Much Does a Floor Hero Franchise Cost
A Floor Hero franchise cost between $24,930–$46,680.
Floor Hero Franchise Fee
The franchise fee is not expensive as it goes between $15,000-$20,000. This makes you a recognized franchisee under this name Floor Hero. Any serious entrepreneur who want to really start a business of this caliper, should be able to raise such an amount.
But, if that is still too much for you, there is a financial assistance for franchisees (below).
Floor Hero Franchise Startup Cost
The startup cost for a Floor Hero franchise is $10,000 and the franchisee must have a required net worth of $50,000.
There is also a 4% ongoing royalty fee on gross monthly sales. Franchisees don’t pay advertising fee (maybe for now). Floor Hero franchise do provide in-house financing to cover franchise fee for franchisees not able to pay for franchise fee.
They also have relationship with a third party source that also provide financing to cover equipment, startup cost and inventory for franchisees.
Floor Hero Franchise Training and Support
Floor Hero franchise do provide training and support with their dedicated support team that is always available to assist franchisees. As one become a franchisee, there is an initial training at the headquarter.
Their support team also come to your franchise location to train your staff on what they need to know to provide awesome services to your customers and grow your business.
Ongoing support are done via newsletter, toll-free phone line, and regular meetings. Floor Hero also support you in your grand opening and with security/safety procedures.
Floor Hero Franchise Application and Terms of Agreement
Floor Hero franchise term of agreement and renewal goes for 5 years only after which a franchisee can renew the agreement only if he or she will continue to comply with the rules and regulation of Floor Hero franchise.
How Much Does a Floor Hero Franchise Make?
To be able to calculate how much income a Floor Hero franchise owner makes is will depend on so many factors which include territory, size of customer’s base etc. As a business owner, your goal should be to maintain the quality of service you render to your customers.
Trying to minimize expenses while maximizing income is also one factor to making high income in your business.
How to Open a Floor Hero Franchise
Interested franchisee should contact Floor Hero franchise via their website www.floorhero.com/own_a_franchise.html, fill the form at the page and submit. Their office is located at;
5514, Metro Parkway
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