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How To Start a Flooring Business in

Indiana

Wondering how to start a flooring business in Indiana? Looking to start a flooring business? Nate Jones Entrepreneur is here to help you with a free flooring business plan below. Starting your flooring business in Indiana the correct way is important. 

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

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. 

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

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.  

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. 

Indianapolis - Greenwood - Evansville - Fort Wayne - Bloomington - Fishers - Columbus​

Need Help Finding a Business Idea?

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E-Book

Are you wanting to start a business but don't know which one or where to even look? Great news, I have done the hard work for you. In this book, you will learn the following: 

  • How to find a business idea that fits your lifestyle.

  • How to uncover business ideas that no one else is starting.

  • How to potentially buy your first business instead of starting one.

  • How to start your business and set it up to succeed.

  • How to scale your business so you have a life.

Looking for a Business Idea?

Are you looking for a business idea? Want to be an entrepreneur but don't know what business to start? This course, Business Idea Blueprint is for you! In this course I will help you find a business idea there is actually an opportunity in. Also, I will help you determine which business is right for you and how to get it off the ground and running! ​​​​

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