How much does it cost to start a flooring business?

• $20,000 - For a Used Truck or Cargo Van

• $1o,000 - Equipment and Inventory (Flooring, Samples, Tools, and Vacuum)

• $200 a year for a website

• $2,000 a Year for Insurance - If you need insurance, reach out to Wexford Insurance, they work with a lot of Flooring Businesses. wexfordins.com

• $2,000 a Year for Marketing

• TOTAL COST TO START: $34,200

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How much money can you make starting a flooring business?

• The average cost to install a residential floor is $7 per sqft

• How much money do flooring businesses make a year?

  • With installing 3 - 1,000 sqft floors a week ($7,000 per install) you will make $84,000 a month and $1,00,000 a year in gross revenue!

 

Are Flooring Businesses Profitable?​​

• Yes, with the cost of materials being around $2-$3 per sqft, your profit margin would be around 30%-40%. A flooring business can profit over $350,000 a year if operated correctly in a busy city. 

• The challenge with this business is scaling past the local level and finding trusted employees. 

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Types of Flooring Businesses:

• Flooring Contractor

• Hardwood Flooring Contractor

• Epoxy Flooring Contractor

• Luxury Vinyl Plank Flooring

• Tile & Stone Flooring

• Carpet Installation

• Granite Flooring

• Floor Polishing

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Positives of a Flooring Business

• This business is in a niche. There are not a lot of flooring businesses, therefore you have less competition.

• This business is always needed. People do not know how nor want to install flooring. 

• This business has high profit margins.  

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How do you get flooring jobs? 

• Create a website with SEO (Search Engine Optimization) and post on social media apps. 

• Network with local home builders, general contractors, home remodelers, etc. 

• Sign up with Contractor Back Office (contractorbackoffice.com) to get leads for flooring jobs. 

 

How to Start a Flooring Business 

1. ​Save up money for down payments on equipment

2. Form your LLC with the Federal Government and Local Government

3. Create your website and social media pages

4. Purchase Insurance

5. Find a Lawyer to draft your customer service contract

6. Make connections with local realtors, contractors, property managers, and homeowners.

7. Implement local marketing. 

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