Express Employment Professionals
Click
here to link to Express Employment Professionals’ detailed company profile
Express Employment Professionals is a growing franchise within the $97 billion staffing industry. The average Express Employment Professionals franchise generated on average $3.5 million in sales in 2010. Also in 2010, Express grew 46%, setting 23 new weekly sales records. For the first half of 2011 Express has grown 32%. Express offers new franchise owners the unique chance to build income and equity while helping people grow their careers and impacting the local community.
| |
Operating Units |
12/31/2008 |
12/31/2009 |
12/31/2010 |
|---|
| | Franchised |
550 |
519 |
509 |
| | % Change | -- |
-5.6% |
-1.9% |
| | Company-Owned |
4 |
2 |
1 |
| | % Change | -- |
-50.0% | -50.0% |
| | Total |
554 |
521 |
510 |
| | % Change | -- |
-6.0% |
-2.1% |
| | Franchised as % of Total |
99.3% |
99.6% |
99.8% |
Investment Required
The fee for an Express Employment Professionals franchise is $35,000.
Express Employment Professionals provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| |
Item | Established Low Range | Established High Range |
| |
Initial Franchise Fee | $35,000 | $35,000 |
| | Lease/Deposits |
$2,100 |
$2,700 |
| | Leasehold Improvements |
$4,000 |
$5,000 |
| | Utility Deposits |
$200 |
$600 |
| |
Expenses While Training |
$3,300 |
$6,500 |
| | Office Equipment | $6,500 | $6,900 |
| | Computer Hardware and Software | $14,000 |
$18,500 |
| | Furniture and Fixture |
$8,000 |
$8,6000 |
| | Signage |
$3,000 |
$4,000 |
| | Insurance |
$400 |
$700 |
| | Professional Fees |
$1,000 |
$2,000 |
| |
Additional Funds (3 Months) |
$18,000 |
$44,000 |
| |
Total Initial Investment |
$95,500 |
$134,500 |
Ongoing Expenses
The franchisee keeps 60% of the monthly gross margin, and Express Employment Professionals keeps the rest and takes care of the following ongoing expenses: payroll processing, client invoicing and collections, risk-management administration and worker compensation. Franchisees also pay an advertising/marketing fee equal to 0.6% of the monthly gross margin.
Franchisee Satisfaction
A critical component of the due diligence process is that you, as a prospective franchisee, have a strong sense of existing franchisee satisfaction. Click here to download a summary of a recent independent survey of Express Employment Professionals’ existing franchisees conducted by the Franchise Research Institute . You can also click here to download direct quotes from franchisees about their experience with Express Employment Professionals, taken from the same survey. Please note that, in order to ensure that the comments were candid (both good and bad), franchisee names were intentionally withheld from the report provided to the franchisor.
|
|
How do you rate Express Employment Professionals in terms of: |
Rating* |
|
|
Overall Quality of Franchisor |
94% |
|
|
Initial Training Supplied by Franchisor |
99% |
|
|
My Franchisor understands that if I am successful, they will be successful. |
93% |
|
|
* Independent Audit of Existing Franchisees Rating Express Employment Pros as Excellent, Very Good, or Good |
What You Get—Training and Support
Express offers comprehensive initial training, with two weeks at Express University in Oklahoma City, OK and one week in a certified field training office. The training programs cover the subjects of financial controls, sales and telemarketing techniques, maintenance of quality standards, merchandising, advertising and administration. Franchisees and their staff have ongoing learning opportunities available through online courses, development tracks, training calls and tools available through Express University Online. In addition, Express hosts two live training events annually at the regional SALES Summit as well as an international live training event through the International Leadership Conference.
Express offers layers of support and tools, including a developer who visits each franchise location, a toll-free assistance center and technical support open weekdays from 7 AM - 7 PM CST. Franchisees have at their disposal 200 support professionals offering specialized advice at Express international headquarters, along with 70 representatives in the field, a proprietary handbook and manuals. Franchisees receive collateral sales and recruiting materials at no charge and have access to knowledge-based marketing programs unique to Express. Franchisees are equipped for success through Express’ sales support programs and marketing and media relations tools.
Territory
Express Employment Professionals grants exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, on-going expenses, training and territory grants were taken from the company’s 2011 FDD. The 2011 write-ups will be incorporated into the 2012 Edition of Bond’s Top 100 Franchises publication.
|
