10+ Best & Profitable Flooring Business Ideas [2023]

Looking to get into the flooring business? Discover 10+ creative and demanding ideas for starting or upgrading your flooring business, from mastering new applications to offering specialty products. Get inspired!
Nick

By Nick Cotter
Updated Feb 07, 2024

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Have you ever dreamt of owning your own business? Ever considered the flooring industry as a potential goldmine? If you're shaking your head, thinking "flooring, really?" then you're in for a surprise. Welcome, future entrepreneurs, to a world where creativity meets practicality, and profitability is just a well-laid floor away!

As we step into 2023, the flooring industry is booming with opportunities. From eco-friendly options to luxury designs, the demand for unique and high-quality flooring is on the rise. And guess what? You could be the one to meet that demand and reap the rewards.

Get ready to dive into our hand-picked list of the 10+ best and most profitable flooring business ideas for 2023. Whether you're a seasoned businessperson seeking a new venture or a newbie entrepreneur ready to make your mark, this article is your roadmap to success in the flooring industry.

So, buckle up and prepare to be inspired, educated, and motivated. Your journey to becoming a successful flooring business owner starts right here, right now!

Carpet Installation

Carpet installation involves laying down and securing carpets on floors, stairs or walls for residential and commercial spaces. As a business idea, carpet installation can be a profitable venture because it is always in demand. Carpets are versatile, durable, and provide a soft and cozy atmosphere to any room. Here are some reasons why it would make a good business idea:

  • Carpets are widely used in homes, apartments, workplaces, and hotels.
  • Carpets come in many different styles, patterns, and colors allowing for a multitude of design options.
  • The rise of eco-friendly and hypoallergenic carpets has increased the demand for safer and healthier options.
  • Installation can be done year-round, making the business viable all year round.
  • It's an affordable alternative to hardwood floors and can be replaced or updated more easily for a fraction of the cost.
  • Most people prefer to hire a professional to install carpets because it saves time, provides expertise and guaranteed work quality.
  • Networking opportunities with real estate agents, carpet manufacturers, and interior designers can help generate leads and referrals.
  • Providing after-sales services such as carpet cleaning and maintenance can create recurring business opportunities.
image of a Carpet Installation

Hardwood Installation

Hardwood installation is the process of installing solid or engineered hardwood flooring into a building or home. Hardwood floors can significantly improve the look and feel of any space, making it one of the most popular flooring choices for homeowners and businesses alike.

  • Hardwood floors are durable and can last for many years. They are also easy to clean and maintain.
  • Hardwood floors can increase the value of a property, making them a sound investment for homeowners and property developers.
  • Hardwood floors are versatile and come in a variety of styles, colors, and sizes. This makes it easy to find a hardwood floor that suits any interior design scheme.
  • Hardwood floors are hypoallergenic and do not trap dust, dander, or other allergens. This makes them an ideal flooring choice for individuals with allergies or respiratory issues.
  • Hardwood floors are eco-friendly and sustainable. Unlike other flooring materials, such as carpet, hardwood floors can be recycled and reused without harming the environment.

Starting a hardwood installation business could be a lucrative venture for individuals with experience in the construction or flooring industry. With the high demand for hardwood flooring, there is a constant need for skilled professionals who can install hardwood floors efficiently and effectively. By providing quality hardwood installation services, businesses can establish a loyal customer base and generate a steady stream of income over time.

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Examples of successful businesses:

Flooring Business is a competitive industry that requires the right products, customer service, and marketing strategy to be successful. Here is a list of example successful companies in the flooring business:

  • Mohawk Flooring
  • Shaw Floors
  • Armstrong Flooring
  • Tarkett
  • IVC US
  • Metroflor Luxury Vinyl Tile
  • Mannington Mills
  • Interface Flooring Solutions
  • Beaulieu Group LLC.

Tile Installation

Tile installation is the process of laying tiles on floors or walls. It involves measuring and cutting tiles, spreading adhesive or mortar, and grouting to secure the tiles in place. Tile installation can be a profitable business idea for individuals with a passion for design and construction. Here are some reasons why:

  • Low startup costs: Starting a tile installation business does not require a lot of capital. You can begin small and gradually build your business as client base and revenue increases.
  • High demand: The construction industry is always in need of professionals with tile installation skills. Homeowners also frequently renovate their homes, which presents an opportunity for tile installation services.
  • Specialization: Tile installation is a specialized skill that requires training and experience. As you become an expert in tile installation, you can choose to specialize in specific types of tiles or spaces, such as kitchens, bathrooms, or outdoor patios.
  • Flexibility: As a tile installer, you have the flexibility to work on your own schedule and choose your clients. You can also decide to work alone or hire a team, depending on the size of the project.
  • Expansion opportunities: Once you have established a solid reputation in tile installation, you can expand your business to offer related services such as tile repair, cleaning, and restoration.

Laminate Flooring Installation

Are you tired of your old, worn-out flooring? Do you want to give your home or office a fresh new look? Consider laminate flooring installation! This option is not only stylish but it is also durable and easy to maintain. Read on to learn more about laminate flooring and why it could be a great business idea.

  • What is laminate flooring?
  • Laminate flooring is a synthetic flooring product that simulates the look of hardwood, stone or tile.
  • The material consists of multiple layers of compressed materials, such as fiberboard, resin, and texture-enhancing substances.
  • What makes laminate flooring a good choice?
  • Durability: The wear layer on laminate flooring is highly protective and can withstand heavy traffic, scratches, and stains.
  • Easy to clean: Laminate flooring is resistant to water and stains, making it easy to maintain.
  • Style options: Laminate flooring is available in a wide variety of styles and designs, giving customers a lot of options to choose from.
  • Cost-effective: Laminate flooring is cheaper than hardwood or natural stone flooring. It is a cost-effective alternative that looks just as good as the real thing.
  • Why is it a good business idea?
  • High demand: There is a steady demand for laminate flooring installation services from both residential and commercial clients.
  • Low overhead costs: As a business owner, you won’t need a large warehouse or expensive tools to install laminate flooring. You can easily operate with minimal equipment.
  • Flexibility: The nature of the job allows for flexibility in terms of work location and hours. This is especially beneficial for business owners who want to work part-time or from home.
  • Easy entry: There is a low barrier to entry in the laminate flooring industry. With the right training and tools, almost anyone can start a business in this field.

Vinyl Flooring Installation

If you're considering starting a new business, one option worth exploring is vinyl flooring installation. Vinyl flooring is a popular choice for many homeowners and businesses because of its durability, easy maintenance, and affordability. In this article, we'll discuss what vinyl flooring installation involves and why it could be a great business idea for you.

  • Vinyl flooring is a type of resilient flooring made from synthetic materials like PVC.
  • It comes in a variety of styles, colors, and patterns – from wood-look planks to stone-look tiles.
  • Vinyl flooring is known for being scratch-resistant, waterproof, and easy to clean.
  • Vinyl flooring installation involves preparing the subfloor, measuring and cutting the vinyl flooring, and adhering it to the subfloor.
  • It can be installed over nearly any type of subfloor, including concrete, wood, and existing vinyl or tile floors.
  • Installation methods include glue-down, click-lock, and loose lay.
  • Vinyl flooring installation typically takes less time and requires less specialized skills than other types of flooring installation, which can make it a more cost-effective option for both the installer and the customer.
  • Starting a vinyl flooring installation business can be a lucrative venture if you offer competitive pricing, quality workmanship, and excellent customer service.
  • There may also be opportunities to expand your business by offering related services like removal and disposal of old flooring or repair and maintenance of existing vinyl flooring.

Floor Refinishing

Floor refinishing is a process of repairing and restoring old, damaged, or worn floors. This process can include sanding, staining, and finishing the floor to bring out its natural luster and beauty. Floor refinishing services are in high demand as most homeowners and businesses want to maintain their floors and keep them looking new for as long as possible. Here are some key reasons why floor refinishing would make a great business idea:

  • High demand: There is always going to be a need for floor refinishing services, as floors suffer wear and tear over time. This means that there is a steady flow of potential customers for your business.
  • Low startup costs: Starting a floor refinishing business doesn't require a lot of capital investment. You can start small and gradually scale up as you grow your customer base and revenue.
  • Wide range of customers: Your business can cater to a wide range of customers, including homeowners, businesses, and even government organizations.
  • Flexible hours: As your own boss, you can choose the hours that work best for you and your clients; this can be ideal if you are looking for part-time work or have other commitments.
  • High profit margins: Floor refinishing services can have high profit margins when priced competitively. This means that, with relatively low overhead costs, you can earn a good income if you manage and market your business effectively.

Floor Sanding

Floor sanding is the process of removing the top layer of a wooden floor using sandpaper, to expose a fresh and even surface. This can be done to repair damage or simply to give an old floor a new lease on life. Floor sanding has been around for centuries and it's a trade that is still in high demand today. It's a great choice for anyone looking to start a business because of its many benefits.

  • High demand: Almost every home or office has some type of wooden flooring that could need sanding and refinishing. This makes floor sanding a great business idea because it has a large potential customer base.
  • Low start-up cost: Starting a floor sanding business does not require a large amount of capital. The equipment, such as sanders, can be rented and the business can be run from home, making it a cost-effective option for budding entrepreneurs.
  • Good profit margins: The cost of floor sanding varies depending on the size of the job and the condition of the floor. A successful floor sanding business can generate impressive profits because of the relatively low cost of supplies and high earning potential.
  • Room for growth: A floor sanding business can easily expand to offer additional services such as installing and repairing wooden floors. This creates new opportunities for the business to earn more revenue.
  • Personal satisfaction: There is something rewarding about turning a tired-looking wooden floor into something beautiful and new. As the owner of a floor sanding business, the work you do can be both profitable and personally fulfilling.

If you are looking for a business that offers low start-up costs, high demand, and the opportunity for growth, a floor sanding business may be the perfect choice for you. With the right skills and equipment, you can transform old, damaged floors into beautifully restored masterpieces while building a successful business in the process.

Luxury Vinyl Tile Installation

Have you ever heard of Luxury Vinyl Tile (LVT) installation? This type of flooring has been growing in popularity due to its durability, affordability, and versatility. If you're looking for a new business idea, LVT installation may be worth exploring. Here's why:

  • LVT is durable and long-lasting. It can withstand heavy foot traffic and doesn't chip or scratch easily. This means your clients won't have to worry about frequent replacements or repairs.
  • LVT is affordable compared to traditional hardwood or tile flooring. This makes it an attractive option for budget-conscious customers who still want a high-end look for their homes or businesses.
  • LVT comes in a variety of colors, patterns, and textures, allowing for endless customization options. Your clients can choose from wood-look or stone-look LVT, as well as different sizes and shapes.
  • LVT is easy to install compared to other types of flooring. This means you can complete projects quickly and efficiently, allowing you to take on more business and earn more revenue.
  • LVT is low-maintenance and easy to clean. This means your clients won't have to spend hours scrubbing and maintaining their floors.

As you can see, Luxury Vinyl Tile installation has many benefits and can be a great business idea. With a low start-up cost and a growing demand for this type of flooring, you can create a successful and profitable business in no time. So why not explore the world of LVT installation today?

Cork Floor Installation

Cork floor installation is a popular choice among homeowners and business owners alike. Not only is cork an attractive flooring option, but it also offers a range of benefits that make it a practical choice for many different spaces.

Benefits of Cork Flooring

  • Durable: Cork flooring is known for its durability. It is resistant to scratches and dents, which makes it a great choice for high traffic areas.
  • Comfortable: Cork is a naturally soft material, which makes it comfortable to stand on for long periods of time.
  • Insulating: Cork is a natural insulator, which means that it can help keep your space warm in the winter and cool in the summer.
  • Fire-resistant: Cork is fire-resistant, which makes it a safe choice for homes and buildings.
  • Sustainable: Cork is a sustainable and eco-friendly material. It is harvested from the bark of cork oak trees, which means that the trees do not need to be cut down in order to harvest the cork.

Why Cork Flooring Makes a Good Business Idea

  • High demand: Cork flooring is a popular choice for both residential and commercial spaces, which means that there is a high demand for cork floor installation services.
  • Low overhead: Unlike other businesses that require expensive equipment or materials, a cork floor installation business can be started with minimal investment.
  • Easy to learn: Cork floor installation is a relatively simple process that can be learned quickly, making it a great option for entrepreneurs who want to start a business without a lot of prior experience.
  • Repeat business: Once you have installed cork floors for a client, they are likely to come back to you for future projects or recommend your services to others who are in need of cork flooring.

In conclusion, cork floor installation is a practical business idea that offers a range of benefits for both the business owner and their clients. With its durability, comfort, and sustainability, cork flooring is a popular choice for many different spaces, which means that there is a high demand for cork floor installation services. Plus, with its low overhead and easy-to-learn installation process, starting a cork floor installation business can be a great option for entrepreneurs who are looking to start a business without a lot of prior experience.

Radiant Floor Heating Installation

Radiant floor heating installation is a type of HVAC (heating, ventilation, and air conditioning) system that delivers heat to a building through radiant heat transfer. This type of heating system is becoming increasingly popular among homeowners due to its many benefits. Radiant floor heating installation involves installing a set of pipes or electric heating elements under the floor, which warms the flooring and radiates heat upwards, providing a more comfortable and energy-efficient heating solution.

  • Radiant floor heating installation offers several advantages to homeowners:
  • Energy efficient: Radiant floor heating installation is more efficient than traditional heating systems because it warms a room from the bottom up rather than heating air that rises to the ceiling.
  • Comfortable: Radiant floor heating installation provides even heat distribution, which means there are no cold zones or drafts that can make a room feel uncomfortable.
  • Healthy: Radiant floor heating installation doesn't circulate air like traditional HVAC systems, which means there is less dust and allergens in the air.
  • Silent operation: Radiant floor heating installation operates silently, so homeowners won't hear any loud noises or air blowing through vents.
  • Increases property value: Radiant floor heating installation is a premium feature that can increase the value of a home, making it a worthwhile investment for homeowners.
  • Entrepreneurs who are considering starting a radiant floor heating installation business can offer a wide range of services, including:
  • Installation of radiant floor heating systems in new homes or as part of a renovation project
  • Repair and maintenance services for existing radiant floor heating systems
  • Consultation and design services to help homeowners choose the best system for their needs and budget
  • Sales of radiant floor heating equipment and supplies
  • Starting a radiant floor heating installation business is a good idea for several reasons:
  • There is a growing demand for energy-efficient and sustainable home heating solutions, which means there is a large potential market for radiant floor heating installation services.
  • With the right training and equipment, the start-up costs for a radiant floor heating installation business can be relatively low, making it an accessible option for entrepreneurs on a budget.
  • Business owners can offer a range of services to generate multiple streams of income, from installation and repair to consultation and equipment sales.
  • Running a radiant floor heating installation business can be a rewarding and fulfilling career choice, as entrepreneurs have the opportunity to help homeowners save money on their energy bills while providing them with a more comfortable and healthy living environment.

Nick

Founder and CEO

I'm Nick, co-founder of newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.