Peel-and-Stick Vinyl Plank Flooring. The floor preparation and layout are the same for peel-and-stick vinyl planks as they are for floating vinyl plank floors. To install each piece, peel the adhesive backing off of the plank and stick it to the subfloor.tep 2. Prep your subfloor so that it is clean, dry and level within 3/16-inch change per 10 feet. Use a self-leveler on low spots and / or sand high spots of wood or concrete. Do not sand vinyl flooring – it may contain asbestos.