Franchise Deep Dive: Concrete Craft's Franchise Costs, Fees, Profit and Data

Concrete Craft has over 70 locations in the United States, with franchisees from various backgrounds, including automotive industries and commercial pilots.

Read the original at 1851 Franchise
Franchise Deep Dive: Concrete Craft's Franchise Costs, Fees, Profit and Data

TL;DR

Concrete Craft has over 70 locations in the United States and Canada, with initial investment costs ranging from $156,330 to $233,450. The company was founded by John Kostro and Dan Lightner in 2006 and acquired by Home Franchise Concepts in 2014.

REPORTED COST TO GET IN: $156,330-$233,450

REPORTED ROI (Item 19): $85,460-$2,145,845

John Kostro and Dan Lightner founded Concrete Craft in 2006. Back then, it was known as All American Decorative Concrete. The pair wanted to create the first decorative concrete franchise and deliver great service for the fairest price. Home Franchise Concepts acquired Concrete Crafts in 2014.

Franchisees do not need to have a background in construction or concrete work. As a franchise owner, your primary responsibility is to create new business. Many franchisees come from automotive industries, HR positions and even commercial pilots.

There are 70-plus Concrete Craft locations in the United States and Canada. Concrete Crafts serves 27 U.S. states and three Canadian provinces. In total, Concrete Crafts serves over 500 territories across North America.

According to Franchise Help, Concrete Craft is a scalable, low-inventory, home-based business model.

Some Concrete Craft franchisees are single-unit owners, and some are multi-unit. In 2021, franchisees who owned a single territory earned a range of $85,460–$2,145,845. Franchisees who owned multiple territories earned a range of $460,654–$1,289,769.

Initial investment costs for Concrete Craft are $156,330–$233,450. A breakdown of the fees as disclosed in the 2022 FDD is listed below.

Initial franchise fee: $19,950 Initial territory fee: $50,000 Travel and Living expenses while training: $1,500–$2,500 Office Space: Varies Vehicle: $10,000–$40,000 Trailer: $0–$3,000 Computer: $1,250–$2,000 Credit Card Processing Technology: $30–$500 Auto Insurance: $1,800–$3,500 Commercial General Liability Insurance: $1,500–$2,500 Storage Unit (Three Months Rent): $1,050–$2,000 Contractor’s License and Bond: $0–$1,500 Professional Fees: $750–$1,500 Initial Marketing: $10,000–$15,000 Additional Tools and Supplies: $28,500–$31,500 Additional Funds Before Opening and First Three Months $30,000–$50,000 Total Initial Investment (Does Not Include Office Space Costs): $156,330–$233,450

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This story was originally published in 1851 Franchise on May 18, 2023. Burnaze summarizes and links to the original reporting.

Read the full story at 1851 Franchise

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