Footprints Flooring Franchise Prices, Charges, Revenues, Income (2023 Overview)

On this unique Franchise Chatter FDD Discuss publish, you’ll be taught the next:

Part I – Estimated preliminary funding (franchise prices) for a Footprints Flooring franchise, primarily based on Merchandise 7 of the corporate’s 2022 FDD

Part II – Preliminary franchise payment, royalty payment, and advertising payment for a Footprints Flooring franchise, primarily based on Gadgets 5 and 6 of the corporate’s 2022 FDD

Part III – Variety of franchised and company-owned Footprints Flooring shops initially of the 12 months and the tip of the 12 months for 2019, 2020, and 2021, primarily based on Merchandise 20 of the corporate’s 2022 FDD

Part IV – Information updates on the Footprints Flooring franchise alternative

Part V – Presentation and evaluation of Footprints Flooring’ monetary efficiency representations (common revenues and/or earnings), primarily based on Merchandise 19 of the corporate’s 2022 FDD, together with info on the:

• 2021 product sales, direct value of products bought, gross revenue, insurance coverage expense, advertising expense, automobile expense, royalty charges, contact heart charges, managed web site companies charges, expertise charges, gross revenue after disclosed bills and franchise associated bills for Footprints Flooring’ Firm Owned Outlet that has been in enterprise since 2008 and operates a Footprints Flooring Enterprise in an working territory that, in mixture, contains roughly 483,576 Certified Households, and qualifies as working inside 5 territories

• 2021 product sales by territory for Footprints Flooring’ Firm Owned Outlet

• 2021 common product sales, direct value of products bought, gross revenue, insurance coverage expense, advertising expense, automobile expense, royalty charges, contact heart charges, managed web site companies charges, expertise charges, gross revenue after disclosed bills and franchise associated bills for the 23 multi-territory Footprints Flooring Operational Franchise Retailers that sufficiently disclosed its monetary outcomes for 2021

• 2021 common product sales, direct value of products bought, gross revenue, insurance coverage expense, advertising expense, automobile expense, royalty charges, contact heart charges, managed web site companies charges, expertise charges, gross revenue after disclosed bills and franchise associated bills for the ten single-territory Footprints Flooring Operational Franchise Retailers that sufficiently disclosed its monetary outcomes for 2021

Part VI – Key ratios, comparables, computations, and analyses for the Footprints Flooring franchise alternative (unique content material for Platinum subscribers)

Part I – Footprints Flooring Franchise Prices

• Preliminary Franchise Payment:  $68,000
• Building and Leasehold Enhancements:  $25 to $150
• Furnishings and Fixtures:  $50 to $1,000
• Gear:  $0 to $5,000
• Franchise Starter Package deal:  $1,480
• Laptop, Software program, and Level of Gross sales System:  $0 to $3,000
• Service Automobile:  $300 to $4,000
• Begin-Up Advertising and marketing:  $2,000 to $4,000
• Insurance coverage Deposits – 3 Months:  $50 to $150
• Journey for Preliminary Coaching:  $500 to $5,000
• Skilled Charges:  $300 to $1,000
• Licenses and Permits:  $0 to $2,000
• Printing, Stationery, and Workplace Provides:  $50
• Extra Funds for 3 Months:  $5,750 to $17,750
• Complete Estimated Footprints Flooring Franchise Prices:  $78,505 to $113,030

Part II – Footprints Flooring’ Preliminary Franchise Payment, Royalty Payment, and Advertising and marketing Payment

• Preliminary Franchise Payment:  $68,000
• Royalty:  higher of 6% of Gross Gross sales or Minimal Month-to-month Royalty Payment Requirement
• Model Growth Fund:  as much as the higher of two% of Gross Gross sales or $500 per 30 days; at present not applied
• Franchisee Directed Native Advertising and marketing:  $750 per 30 days, plus $750 per 30 days for every Extra Territory
• Native and Regional Promoting Cooperatives:  as established by cooperative members, however not exceeding 2% of month-to-month Gross Gross sales

Part III – Variety of Franchised and Firm-Owned Footprints Flooring Retailers

Franchised

2019

• Retailers on the Begin of the 12 months:  4
• Retailers on the Finish of the 12 months:  11
• Web Change:  +7

2020

• Retailers on the Begin of the 12 months:  11
• Retailers on the Finish of the 12 months:  33
• Web Change:  +22

2021

• Retailers on the Begin of the 12 months:  33
• Retailers on the Finish of the 12 months:  71
• Web Change:  +38

Firm-Owned

2019

• Retailers on the Begin of the 12 months:  1
• Retailers on the Finish of the 12 months:  1
• Web Change:  0

2020

• Retailers on the Begin of the 12 months:  1
• Retailers on the Finish of the 12 months:  1
• Web Change:  0

2021

• Retailers on the Begin of the 12 months:  1
• Retailers on the Finish of the 12 months:  1
• Web Change:  0

Part IV – Information Updates on the Footprints Flooring Franchise

Part V – Monetary Efficiency Representations (Common Revenues and/or Income) for the Footprints Flooring Franchise (Merchandise 19, 2022 FDD)

Half 1 – 2021 Calendar 12 months Gross Gross sales and Choose Knowledge for Firm Owned Outlet

• Footprints Flooring’ Firm Owned Outlet has been in enterprise since 2008 and operates a Footprints Flooring Enterprise in an working territory that, in mixture, contains roughly 483,576 Certified Households, and qualifies as working inside 5 Territories.

• The 5 Territories wherein this Firm Owned Outlet operates, embody: Highlands Ranch, CO, Aurora, CO, Denver, CO, Littleton, CO, and Broomfield, CO. Operations inside the Highlands Ranch and Aurora, CO Territories started in 2008. Operations inside the Denver, CO and Littleton, CO Territories started in August 2017. Operations inside the Broomfield, CO Territory started in September 2021.

• In Half 1, beneath, Footprints Flooring stories choose monetary efficiency information for this Firm Owned Outlet.

Gross Gross sales:  $4,339,901.31 (100%)

Much less: Direct Value of Items Offered:  $2,963,856.66 (68.3%)

Gross Revenue:  $1,376,044.65 (31.7%)

Much less: Disclosed Bills

• Insurance coverage Expense:  $43,686.00 (1.00%)
• Advertising and marketing Expense:  $317,910.57 (7.3%)
• Automobile Expense:  $72,599.30 (1.7%)

Gross Revenue After Disclosed Bills:  $941,848.78 (21.7%)

Much less: Changes for Franchise Associated Bills

• Royalty Charges:  $260,394.07 (6.0%)
• Contact Middle Charges:  $84,973.41 (1.9%)
• Managed Web site Companies Charges:  $19,183.33 (0.4%)
• Expertise Charges:  $14,780.00 (0.3%)

Gross Revenue After Disclosed Bills and Franchise Associated Bills:  $562,517.97 (12.9%)

• Changes for Franchise Associated Bills. This adjustment is for franchise associated bills that had been both not paid by the Firm Owned Outlet or not in any other case adjusted or accounted for as part of Direct Value of Items Offered or as a Disclosed Expense.

Half 2 – 2021 Calendar 12 months Gross Gross sales by Territory for Firm Owned Outlet

• Highlands Ranch, CO:  $1,518,944.71
• Aurora, CO:  $999,496.53
• Denver, CO:  $786,212.40
• Littleton, CO:  $902,479.86
• Broomfield, CO:  $132,767.81
• Complete:  $4,339,901.31

• The approximate variety of Certified Households positioned inside the geographic space comprising every Territory is: 79,817 in Highlands Ranch, CO; 103,073 in Aurora, CO; 93,396 in Denver, CO; 120,927 in Littleton, CO; and 86,363 in Broomfield, CO. Service in Broomfield, CO didn’t start till September 2021.

Half 3 – 2021 Common Gross Gross sales and Knowledge for Multi-Territory Franchise Retailers

• In the course of the 2021 Calendar 12 months, Footprints Flooring had a complete of 34 Operational Franchise Retailers.

• Within the tables beneath, Footprints Flooring stories information associated to its Operational Franchise Retailers, besides that in Half 3 it excludes the outcomes of 1 Operational Franchise Outlet that certified as a Single Territory Franchise Outlet. The rationale why Footprints Flooring excludes this Operational Franchise Outlet from the outcomes reported in Half 3 is as a result of the franchisee didn’t correctly or sufficiently disclose its monetary outcomes.

• Accordingly, on this Merchandise 19, Footprints Flooring stories outcomes associated to 33 Operational Franchise Retailers for Calendar 12 months 2021. Of those 33 Operational Franchise Retailers, 23 qualify as Multi-Territory Franchise Retailers and 10 qualify as Single Territory Franchise Retailers.

• Footprints Flooring doesn’t embody information for New Franchise Retailers.

Common

Gross Gross sales:  $586,795.39 (100.0%)

Much less: Direct Value of Items Offered:  $339,175.84 (57.8%)

Gross Revenue:  $247,619.55 (42.2%)

Much less: Disclosed Bills

• Insurance coverage Expense:  $4,080.17 (0.7%)
• Advertising and marketing Expense:  $51,406.28 (8.8%)
• Automobile Expense:  $11,893.60 (2.0%)

Gross Revenue After Disclosed Bills:  $180,239.49 (30.7%)

Much less: Franchise Associated Bills

• Royalty Charges:  $35,237.03 (6.0%)
• Contact Middle Charges:  $12,227.93 (2.1%)
• Managed Web site Companies Charges:  $6,021.74 (1.0%)
• Expertise Charges:  $3,594.87 (0.6%)

Gross Revenue After Disclosed Bills and Franchise Associated Bills:  $123,157.92 (21.0%)

• The information represented on this desk is for 2021 Operational Franchise Retailers that qualify as Multi-Territory Footprints Flooring Franchise Retailers, i.e., every outlet operates inside an Working Territory that’s the equal of two or extra Territories as provided and set forth within the Disclosure Doc.

• System franchisees that function beneath a number of Franchise Agreements with 1 Territory per Franchise Settlement however function as one enterprise throughout a number of Territories are reported as Multi-Territory Franchise Retailers.

• In the course of the 2021 Calendar 12 months, Footprints Flooring had a complete of 23 Operational Franchise Retailers that certified as a Multi-Territory Franchise Outlet. The variety of territories that these Multi-Territory Franchise Retailers function inside vary from a low of two to a excessive of 6 Territories.

Half 4 – 2021 Common Gross Gross sales and Knowledge for Single Territory Franchise Retailers

Common

Gross Gross sales:  $464,427.42 (100.0%)

Much less: Direct Value of Items Offered:  $318,774.74 (68.6%)

Gross Revenue:  $145,652.68 (31.4%)

Much less: Disclosed Bills

• Insurance coverage Expense:  $5,980.04 (1.3%)
• Advertising and marketing Expense:  $29,086.76 (6.3%)
• Automobile Expense:  $8,772.57 (1.9%)

Gross Revenue After Disclosed Bills:  $101,813.31 (21.9%)

Much less: Franchise Associated Bills

• Royalty Charges:  $25,945.70 (5.6%)
• Contact Middle Charges:  $8,968.53 (1.9%)
• Managed Web site Companies Charges:  $6,000.00 (1.3%)
• Expertise Charges:  $3,067.58 (0.7%)

Gross Revenue After Disclosed Bills and Franchise Associated Bills:  $57,831.50 (12.5%)

• The information represented on this desk is for 2021 Operational Franchise Retailers that qualify as Single Territory Franchise Retailers, i.e., every outlet operates inside an Working Territory that’s the equal of 1 Territory as provided and set forth within the Disclosure Doc.

• In the course of the 2021 Calendar 12 months, Footprints Flooring had a complete of 10 Operational Franchise Retailers that certified as a Single Territory Franchise Outlet.

• Some Retailers have earned this quantity. Your particular person outcomes might differ. There isn’t a assurance that you simply’ll earn as a lot.

Part VI – Footprints Flooring Franchise Ratios, Comparables, Computations, and Analyses (Unique Content material for Platinum Subscribers) ⬇️