What’s Hot About the Flooring Business?
The franchise marketplace is vastly different than only a couple decades prior, when fast-food franchises explicitly dominated the landscape. Though these franchise opportunities are still available in abundance, the franchise industry sectors have significantly expanded over the years. With the large amount of franchising opportunities available, it can be challenging for the entrepreneur to discover which franchise opportunity will best suit his capabilities and expectations.
The franchise industry contains numerous types of businesses. The top ten leading franchises in the U.S. alone span a wide array of industries, from hospitality to tax preparation services. So what makes the flooring industry a lucrative and fulfilling franchise business opportunity?
The flooring industry is vast, and highly fragmented; estimated at over $65B with the 50 top flooring businesses combined having barely 10% market share. These market conditions, along with the consumer demand for easy home improvement purchases create a business opportunity that is hard to match in other industries.
There is large demand for specialty affordable custom flooring as people continue to invest in the comfort, style and value of their homes. More and more customers are demanding specialized products from around the world. Customers want a design unique to them, utilizing dimension and mixed textures. Along with design leadership, they desire a high level of customer experience and service.
These factors, combined with the continuing challenges in the real estate market create a business opportunity in the flooring industry that is likely to continue for many years into the future. Property owners are staying in their homes longer and they want their homes to be comfortable, fashionable and well maintained. The franchise business opportunities from Floor Coverings International are perfectly positioned to continue and will allow us to remain the market leader for many years to come.