EXPRESS EMPLOYMENT PROFESSIONALS Franchising Information & Startup Cost
Do you have the desire to join a company that is 100% franchise? and not only that, a company that focus their support from the head office solely on their franchisees? Then you might want to consider joining Express Employment Professionals franchise.
When you decide to buy into the company’s franchise, you are buying into one of the most successful franchises in the world with locations in the United States, South Africa and Canada. So how much is an Express Employment Franchise?
FRANCHISE INFORMATION ABOUT THE COMPANY
In the year 1983, two business partners came together and established Express Employment. Robert Funk and Williams Stoller had worked on so many projects before that time. The company was successful immediately after establishment that they began selling franchises 2 years later.
The services the company provides are flexible and temporary staffing, direct hire and evaluation, contract staffing, and consultancy in management for both corporate organizations and individuals.
IS Express Employment PROFESSIONALS A FRANCHISE?
The company can be considered a franchise as they have been selling franchise opportunities since the year 1985 and they have so much experience in the franchise business as they are solely supported by their franchises spread across the world. So Express Employment professional is a franchise
THE FRANCHISE OFFER
The company offers franchises to prospects in these two formats:
- Career placement
- Flexible staffing: This is required in the franchise agreement
Franchisees will be offered assistance on these three programs:
- Industry Pro Program: qualifies staffing industry employees will be offered the opportunity to become franchisees with the company
- Bridge to Ownership Program: This works same as the Industry Pro program
- Conversion: qualified independent staffing organizations are offered the opportunity to become franchisees with the company.
EXPRESS EMPLOYMENT FRANCHISE FACTS
- When you buy into express franchise, you will have your first year office lease paid up by the company. This is up to about $2,500 payment monthly
- In the year 2013, an average mature franchise location generated close to about $5 million sales for the year.
- New franchisees with Express generates averagely $100,000 in revenue monthly by the 12th month of running their business and about $260,000 in revenue monthly by the 24th
WHAT ARE THE ROLES OF A FRANCHISEE?
When you buy into the company’s franchise, you will be offered 2 ownership models. There is the Core Model and the Expanded Model. The Core Model will require an investment range between $110,000 and $140,000 and also an active participation in the business by the franchisee.
The Expanded Model will require an investment ranging between $160,000 to about $195,000 and was designed in such a way that the franchise owner might require 2 or more assistant to work with them in the business.
HOW MUCH DOES AN EXPRESS EMPLOYMENT PROFESSIONALS FRANCHISE COST?
The Express Employment franchise cost is the summation of all the investments that will be needed to set up the franchise unit. The business is quite lucrative, but cost intensive. The initial investment needed is about $130,000 to about $260,000.
New franchisees with the company also need to have a net worth of about $250,000 and a liquid cash of about $50,000
THE EXPRESS EMPLOYMENT FRANCHISE FEE
The Express Employment professionals franchise fee will be the payment that the franchisee will be expected to make to the company to grant them the access to the license to operate under the company’s brand identities. The initial franchise fee is non-refundable and renewable after the initial term of agreement is completed. The initial franchise fee is $35,000
Franchisees will also be expected to make an on-going royalty fee of about 7.5% and ad royalty fee of about 0.6% of the monthly gross revenue of their franchise unit.
Franchisees with the company will benefit from an in-house policy of granting funds to new franchisees to assist them to cover for the cost of equipment needed in their new franchise unit. However franchisees that need additional funding can be directed to the company’s associates. They can get funding to help them cover the startup cost in the business.
Another benefits offered to veterans is the 50% off their franchise fee payment.
New franchisees with the company will be expected to undergo training at the company’s head office in Oklahoma. Trainings will involve a 2-week intensive session at the head office and a 1 week session at a designated location for field training.
TERMS OF AGREEMENT
When you buy into an Express Employment franchise, the initial term of agreement is 5 years, which upon expiration can be renewed for another 5-year term if the franchisee is able to meet up with the company’s terms and conditions for term renewal.
HOW TO OPEN AN EXPRESS EMPLOYMENT PROFESSIONALS FRANCHISE
After your decision to buy this franchise, you will need more information on how to open an Express Employment professional franchise. This article has offered a part of that, but you will need to eventually forward your application to the company’s website.
Once your application is received, it will be reviewed and feedback will be given after some few days. The company will then assign a franchise manager to you if your application is considered.
The franchise manager will be saddled with the responsibility of assisting you to set up your new franchise unit.