TL;DR
Footprints Floors saw a 25% increase in revenue in Q3 and has sold 50% of its available territories in the U.S. The brand aims to sign 25 new franchisees in 2021 and is targeting markets nationwide for expansion.
Footprints Floors , the 150-plus-unit flooring franchise, has been growing exponentially this year as the demand for home services reaches an all-time high. Following an equally impressive first half of the year, the brand saw a 25% increase in revenue this quarter and has now signed over 70 new franchise owners in 35 states since May 2019.
“We saw tremendous growth from our franchise owners this year and welcomed many new owners into our system — and that’s exactly what we want to see,” said CEO Bryan Park. “ The world has changed, and people are spending more time at home. Work-from-home has become the new normal, and people are no longer putting off those home projects they’ve had on their lists for months or years. That has been and will continue to be a big opportunity for us.”
Footprints Floors is uniquely well-suited to meet the demands of a new consumer and homeowner landscape shaped by COVID-19. Families are increasingly looking to make their homes more comfortable, functional and attractive, and that starts with floors. Now, as the real estate market continues to rise and people are working remotely on a permanent basis, the need for flooring services won’t be slowing down anytime soon. The industry is projected to reach $621 billion by 2028.
Looking ahead, Park says his team is preparing to leverage the momentum Footprints Floors found in 2021 for an even stronger 2022. “We are in an excellent position heading into the new year,” Park said. “Our franchisees are thriving, our customer proposition is strong, and we’ve blown past every franchise development goal we’ve set as we grow in markets across the country. That’s exactly the position any and every franchise wants to be in, and we are well-prepared to make the most of it.”
But those prospective franchisees interested in joining the brand would be wise to act quickly — Footprints Floors has officially sold out 50% of its available territories in the U.S. following this year’s rapid growth. The brand’s success isn’t a secret in the industry either. Footprints Floors was recently named a Top Home-Based Franchise by Entrepreneur Media in recognition of the brand’s well-positioned business model and in-demand concept.
Footprints Floors aims to sign 25 new franchisees in 2021 and is targeting markets nationwide for expansion.
Upon his return to Littleton, Colorado after serving in the U.S. Air Force, Bryan Park noticed that Denver’s flooring industry lacked a higher level of customer service and sophistication. So, in 2008, he founded Footprints Floors, which today specializes in installing hardwood floors, carpet, tile floors, backsplashes and laminates. With more than 50 current locations, Footprints Floors offers franchisees a robust support system including a call center, flexible hours for work-life balance and a low cost of entry with outstanding economics.
In this story
This story was originally published in 1851 Franchise on November 17, 2021. Burnaze summarizes and links to the original reporting.
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