What is the square footage and size of a typical Floors Now store?
Square footage is typically 2,500–4,000 square feet.
Is the franchise fee refundable?
We don't charge a franchise fee upfront. The fee is not due until your franchise is approved.
What is the royalty structure?
Royalties are 3.75% paid on gross flooring sales, 1.5% on labour, and 1.5% is paid to our National Advertising Fund by all franchisees. There is also a nominal fee for our spokesperson.
Does Floors Now help with financing?
Following the approval process, our franchising department will consult with you and our preferred lending institution. After the lending requirements are met, we will guide you through the application process.
What rates can I expect to get from the lenders? What collateral is needed?
Our franchising department will work with you throughout the negotiation process to finalize these terms.
How is the real estate deal structured?
Typically by standard building lease.
How long is the wait for approval?
Approval takes 1-2 weeks.
How long does it take to open a Floors Now store after approval?
Typically the process runs about 1-3 months in total, from store layout plans to opening day.