Express employment professionals is a business-to-business recruitment franchise that helps Canadian and international companies secure full-time, part-time, and temporary staffing placements. As well as providing the opportunity to build a successful business, Express Employment claim their program delivers a better work/life balance and the potential for franchisees to earn the income they deserve.
Established in 1983, and offering franchise opportunities since 1985, Express Employment’s head office is located in Oklahoma City, Oklahoma. They are the largest staffing franchise and have been named as Entrepreneur Magazine’s top recruitment franchise for 13 years in a row.
Currently, Express has more than 800 franchised offices worldwide and operate in countries such as the US and South Africa.
Express employment professionals at a glance:
Although Express Employment stress that previous experience in the staffing sector is not necessary to run a franchise, they prefer candidates with a minimum of five years’ proven leadership, sales, or sales management experience. If you fit this description and you have a net worth of at least $250,000 and liquid cash of $200,000 an Express franchise may be a suitable business proposition. Be aware that owning an Express Employment Professionals franchise as a ‘hands off’ business is not an option. The company expects all franchisees to be actively engaged in the day to day running of the agency.
Express Employment offers two kinds of product – temporary staffing and direct hire services – and two franchise ownership models. Depending on the chosen franchise option, initial costs can range from low to moderate.
Franchise options – Express Employment Professionals:
Both franchise models require a minimum of three staff (including owner). The initial franchise fee is $40,000. There is a 50% franchise fee discount for qualified veterans. After opening, you are required to pay an array of ongoing fees and charges. They include:
Key Costs Guide | Low | High |
---|---|---|
Franchise fee | $40,000 | $40,000 |
Lease and deposit | $2,000 | $6,000 |
Leasehold improvements | $5,000 | $25,000 |
Training costs | $4,000 | $25,000 |
Office equipment | $2,000 | $8,000 |
Technology hardware and software | $7,000 | $12,000 |
Furniture and fixtures | $5,000 | $10,000 |
Legal and professional services | $1,000 | $3,000 |
Fixtures, supplies, licenses | $4,000 | $6,000 |
Other costs- three months | $15,000 | $250,000 |
Your loan details
This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan.
Your results
Monthly payments
$-
Avg. monthly interest
$-
Total interest
$-
Total cost of finance
$-
They can be. Express Employment says average first year revenues are +$1million and offices open at least five years generate average revenues of +$7million. However, net profits are dependent on individual franchise costs such as staffing, office overhead and local marketing and promotional activities. Average net profits for staffing agencies in Canada is 10%.
The failure rate is low – averaging 2% in the first year and 6% in the first three years. Express Employment says their average franchise agreement lasts 17 years.
With low to moderate start-up costs and the possibility for rapid growth, owning an Express Employment franchise has the potential to be a solid business opportunity. However, in staffing, like real estate, it’s all about location, location, location. Although Express Employment promises franchisees an exclusive territory with a minimum of 30,000 jobs, it’s where those jobs are situated and the mobility of the local workforce that counts. If the territory is dominated by a few major corporations with low employee churn and limited need for temporary staffing, you may find your staffing business has few customers to sell to and few workers to re-situate. The conclusion: Express Employment franchises that go the distance can deliver significant seven-figure revenues, but thoroughly research available territories before jumping in.
Franchisees are granted an exclusive territory that contains business activity and population density to support a minimum of 30,000 jobs. As long as franchisees perform their duties under their franchise and maintain their offices as required, Express Employment promises not to establish other third-party franchises or company-owned outlets in the territory during the term of the agreement. Franchisees cannot target potential clients located outside their territory without the franchisor’s written approval.
Express Employment Professionals support for franchisees includes:
It starts with an application. Begin the process today.
Starting a new franchise can be an exciting opportunity, but it’s easy to get lost in a maze of business loan applications that can make funding your new staffing business like too much hard work. Instead, cut out the hassle and cut to the chase. Swoop has the best lenders for the best franchises across Canada. Just tell us what you need and leave the rest to us.
Other franchise opportunities
Daire made it happen! There is no doubt that Swoop sped up the process and found lenders that worked to our time scale rather than the other way round
Hocque Figureoa
Joint owner, F45 Virginia
Swoop was actually very helpful in helping us get our initial fundraising in place. Swoop was able to connect us with investors, with grant financing options and debt financing options.
Viler Lika
Founder, SingleKey
Pedja was amazing. Super supportive, understanding of our needs and wasn't pushy at all. We've been going back and forth with Swoop for over a year inquiring about different financing options and they were patient until we were ready!
Chris Skeates
F45 Multi-studio owner
Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance.
Swoop promise
At Swoop we want to make it easy for SMEs to understand the sometimes overwhelming world of business finance and insurance. Our goal is simple – to distill complex topics, unravel jargon, offer transparent and impartial information, and empower businesses to make smart financial decisions with confidence.
Find out more about Swoop’s editorial principles by reading our editorial policy.
Join the 70,000+ businesses just like yours getting the Swoop newsletter.
Free. No spam. Opt out whenever you like.
Suite 42, 4th Floor, Oriel Chambers, 14 Water Street, Liverpool, L2 8TD
View in Google MapsKingfisher Way, Silverlink Business Park, Newcastle upon Tyne, NE28 9NX, UK
View in Google MapsSuite 105A, Airivo, 18 Bennetts Hill, Birmingham, B2 5QJ
View in Google MapsAberystwyth Innovation and Enterprise Campus
Gogerddan Campus
Aberystwyth University
Ceredigion
SY23 3EE
Dogpatch Labs, The CHQ Building, Custom House Quay, Dublin, Ireland
View in Google MapsSuite 801, Level 8, 84 Pitt Street, Sydney, NSW 2000, Australia
View in Google Maps43 W 23rd St, New York, NY 10010, United States
View in Google Maps21 Dreyer Street, Cape Town, South Africa, 7708
View in Google MapsClever finance tips and the latest news
delivered to your inbox, every week
Join the 70,000+ businesses just like yours getting the Swoop newsletter. Free. No spam. Opt out whenever you like.