NEXTAFF Franchise Fee, Revenue, And Profit Margin
Nextaff is an employment services company based in the United States of America. The employment services business is a service patronized by businesses and individuals alike, both big and small.
If you are interested in owning and operating an employment services business of your own, by all means, you should consider a Nextaff franchise opportunity.
In this article, we shall be looking at Nextaff as a company and the franchise opportunity which it provides for business people and entrepreneurs.
We are going to start this article by looking at the history of the company. We are also going to look at start-up cost for a Nextaff franchise and the franchise fee which the company requires from its franchisees.
We are also going to examine the training and support which the company provides for its franchisees. Also to be discussed in this article is the terms of the franchise agreement at the company and the agreement renewal which the company makes available to franchisees at the company.
We will also provide information on how you can open a Nextaff franchise in your location.
Is Nextaff a Franchise?
Nextaff is a franchise. Nextaff is an employment service and staffing company in the United States of America.
The company was founded 20 years ago in the year 1998. The company was founded by Tim Malone. Tim Malone also serves as the company’s current Chief Executive Officer (CEO).
The company started franchising 14 years ago in the year 2004, 6 years after it was founded.
The company’s headquarters is located in Louisville, the largest city in the state of Kentucky in the United States of America.
The company’s corporate address is located at 1868 Campus Pl. Louisville, KY 40299.
Nextaff is a private company. As a private company, the company is registered as Nextaff Franchising LLC. The company is a subsidiary company of Malone Nextaff LLC.
As an employment services company, Nextaff provides workforce strategy services to companies. The company also provides traditional staffing services and employment consultancy services to companies.
In its most recent history, the company acts more as a workforce strategies company. The company has its presence in multiple regions in the United States of America.
The company’s employment services have enabled its clients and businesses that use its services to carry out better employment by acquiring the best talent for their businesses and also helping its clients to provide training and support for their employees.
Nextaff’s services have also enabled the teeming businesses who are its customers to receive employment services that cover the entire employment cycle.
The company’s consultancy service has enabled the company to better impact the bottom line of the companies you have used its service.
The company has greatly positioned itself to greatly benefit from the booming employment services and staffing industry. Job seekers also make use of the employment services which the company provides. This has helped them to deploy their talent to organizations where it is most needed and respected.
The employment service which Nextaff provides ranges from recruiting, hiring, compensation, human resources, payroll tax and more.
How Much Does Nextaff Franchise Cost?
A franchise fee of $40,000 (U.S. dollar) is required from intending franchisees who desire to take advantage of the Nextaff franchise opportunity.
Intending franchisees are also required to show a liquid asset of $75,000 (U.S. dollar) among other required fees to be paid by the franchisee.
Nextaff Franchise Fee
The franchisee fee for a Nextaff franchise is $40,000 (U.S. dollar). Other fees to be paid by the franchisee include an ongoing royalty fee of a minimum of 6% of gross wages and an advertising fee of 1% of gross wages.
Nextaff Franchise Start-up Cost
The start-up cost for a Nextaff franchise starts at a low of $95,250 (U.S. dollar) and a high start-up cost of $125,500 (U.S. dollar).
Nextaff Franchise Training and Supports
Nextaff provides training and support for its franchisees. The training which the company provides for its franchisees is done at the company’s support center in Louisville, Kentucky in the U.S. The training lasts for one week. The company also provides online training for its franchisees.
Nextaff also provides support for its franchisees. The support which the company provides for franchisees include;
- The company provides grand opening support for its franchisees.
- Franchisees receive newsletter support from the company.
- All franchisees receive online support.
- There is site selection support for franchisees.
Nextaff Franchise Terms of Agreement/Renewal
The initial franchise agreement for a Nextaff franchise has a length of 10 years. The franchise agreement can be renewed for an additional 5-year term for a fee of $1 (U.S. dollar).
How Much Does a Nextaff Franchise Make?
The amount a Nextaff franchise makes cannot be ascertained, as this would depend on certain factors such as the location of the franchise. However, the franchisee stands to make money with the franchise as employment services is still a growing industry.
How to Open a Nextaff Franchise?
Entrepreneurs who are interested in opening a Nextaff franchise are required to contact the company directly on its website at www.nextaff-franchise.com to inquire about the company’s franchise opportunity and to fill out the company’s franchise request form.