How To Start a Flooring Business in
Virginia
Wondering how to start a flooring business in Virginia? 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 Virginia the correct way is important.
How much does it cost to start a flooring business?
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$20,000 - For a Used Truck or Cargo Van
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$1o,000 - Equipment and Inventory (Flooring, Samples, Tools, and Vacuum)
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$200 a year for a website
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$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
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$2,000 a Year for Marketing
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TOTAL COST TO START: $34,200
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How much money can you make starting a flooring business?
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The average cost to install a residential floor is $7 per sqft
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How much money do flooring businesses make a year?
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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!
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Are Flooring Businesses Profitable?​​
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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.
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The challenge with this business is scaling past the local level and finding trusted employees.
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Types of Flooring Businesses:
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Flooring Contractor
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Hardwood Flooring Contractor
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Epoxy Flooring Contractor
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Luxury Vinyl Plank Flooring
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Tile & Stone Flooring
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Carpet Installation
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Granite Flooring
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Floor Polishing
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Positives of a Flooring Business
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This business is in a niche. There are not a lot of flooring businesses, therefore you have less competition.
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This business is always needed. People do not know how nor want to install flooring.
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This business has high profit margins.
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How do you get flooring jobs?
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Create a website with SEO (Search Engine Optimization) and post on social media apps.
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Network with local home builders, general contractors, home remodelers, etc.
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Sign up with Contractor Back Office (contractorbackoffice.com) to get leads for flooring jobs.
How to Start a Flooring Business
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​Save up money for down payments on equipment
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Form your LLC with the Federal Government and Local Government
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Create your website and social media pages
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Purchase Insurance
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Find a Lawyer to draft your customer service contract
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Make connections with local realtors, contractors, property managers, and homeowners.
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Implement local marketing.
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Richmond - Norfolk - Virginia Beach - Chesapeake - Newport News - Alexandria
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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:
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How to find a business idea that fits your lifestyle.
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How to uncover business ideas that no one else is starting.
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How to potentially buy your first business instead of starting one.
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How to start your business and set it up to succeed.
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How to scale your business so you have a life.
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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! ​​​​​​