Start a Steel Coated Epoxy Floors Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $32K - $113K

Units as of 2022: 36 620.0% over 3 years

Constant repairs are a huge burden for many homeowners who often seek quality upgrades to match their changing needs. Steel Coated Epoxy Floors is the answer to the prayers of many customers who appreciate its 100% waterproof and lifetime guarantee.

Founded in 2018, Steel Coated Epoxy Floors takes pride in transforming and protecting customers’ floors from wear and tear that can cost thousands of dollars to repair. With a focus on customer garages, patios, showrooms, and shops, Steel Coated Epoxy Floors is established as a brand that values quality and service.

A Steel Coated Epoxy Floors franchise is great for all needs, and once built, enhances the appearance and floor strength. Customers may rave that their epoxy coating is great for stopping leaks and making slab floors that last long.

Why You May Want To Start a Steel Coated Epoxy Floors Franchise

Opening a Steel Coated Epoxy Floors franchise could be a great opportunity if you are looking to give customers surfaces that strengthen and protect their property. For customers seeking to upgrade home garages, the epoxy coating may create sturdy floors that are easy to clean and tough to damage.

A potential franchisee is someone willing to work hard. With a home-based business model that doesn’t require retail space, a Steel Coated Epoxy Floors franchise may be a way to break away from the 9-5 lifestyle. Prior experience in construction is not needed, but interest might make it easy to operate and handle customer inquiries.

What Might Make a Steel Coated Epoxy Floors Franchise a Good Choice?

A Steel Coated Epoxy Floors franchise specializes in making floors that look good and last even longer. The brand’s proven process creates quality floors that accommodate a wide variety of needs.

After studying the market, the brand realized that customers value industrial-strength products that offer protection against human and natural forces. To satisfy customers, Steel Coated Epoxy Floors strived to create a product so good that it offers a lifetime warranty that’s hard to beat anywhere in the world.

To be part of the Steel Coated Epoxy Floors franchise team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees may also need to meet the company’s set liquid capital requirements.

How To Open a Steel Coated Epoxy Floors Franchise

Steel Coated Epoxy Floors franchisees can take advantage of protected territories, marketing, operating support, and a unique product in the industry. If awarded a franchise, Steel Coated Epoxy Floors offers comprehensive training in the prep and application processes that may make it stand out in the market.

Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Steel Coated Epoxy Floors franchising team questions.

Company Overview

About Steel Coated Epoxy Floors

Industry	Home Improvement
Related Categories	Concrete Coatings
Founded	2018
Parent Company	Steel Coated Epoxy Floors
Leadership	Mitch Cypers, Founder
Corporate Address	1917 Dan Dr. Layton, UT 84040
Social	Facebook, Instagram, YouTube

Business Overview

Franchising Since	2018 (6 years)
# of employees at HQ	2
Where seeking	This company is offering new franchises throughout the US.
# of Units	36 (as of 2022)

Information for Franchisees

Here's what you need to know if you're interested in opening a Steel Coated Epoxy Floors franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$6,500 - $16,500
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$32,000 - $112,500
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$15,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	$1,500 off training fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	8%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	5 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing	Steel Coated Epoxy Floors offers in-house financing to cover the following: startup costs, equipment, inventory

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	18 hours
Classroom Training	6 hours
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Field Operations
Marketing Support	Co-op Advertising Ad Templates Regional Advertising Social Media SEO Website Development Email Marketing Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	Yes
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	Yes
# of employees required to run	-2
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes