Express Employment Professionals
Professional Services Personnel ServicesCompany Information
Address
9701 Boardwalk Blvd. Oklahoma City, Oklahoma 73162
Website
Tel
Email
Franchimp Summary Rating
Lower than 46% of peers
Lower than 15% of peers
Franchise Summary
Description
The franchisee will operate an "Express Employment Professionals" business that may provide a variety of services, including flexible staffing, temporary/contract staffing, career placement, and professional search business (the "Express Employment Professionals Business").
Company Background
Express Employment Professionals is a staffing agency that helps with flexible staffing, temporary/contract staffing, career placement and professional search. Founded in 1985 by Bob Funk Jr., the company has been one of the nation's leading providers of employment solutions for more than three decades. The Express Employment Professionals franchise opportunity provides an established business model with proven success from day one. The franchisee will operate an "Express Employment Professionals" business that may provide a variety of services, including flexible staffing, temporary/contract staffing, career placement and professional search (the "Express Employment Professionals Business"). The Express Employment Professional team delivers high-quality customer service while providing opportunities to both job seekers and employers. If you're looking to start your
Franchise Opportunity
Express Employment Professionals provides a much needed service, but job seekers and businesses don't always know where to turn when they need help finding the right employee or filling a vacant position. The process of finding the right employee or filling a vacant position can be long and frustrating. You might not have the time or resources to do it yourself, and you might not know where to start. Express Employment Professionals is here to help. We offer a variety of services that make it easy for job seekers and businesses to find the right employees and fill vacant positions quickly and easily. With our help, you can rest assured that you're making the best possible decision for your business.
Corporate Structure
Express Services, Inc. is a Colorado corporation with their principal place of business at 9701 Boardwalk Blvd., Oklahoma City, Oklahoma 73162. They incorporated as Express Temporary Help Service, Inc. on May 26, 1983, in the State of Colorado. On July 14, 1983, they changed their name to Express Temporary Services, Inc., which later changed to Express Services, Inc. on February 4, 1985.
Investment and Franchisee Fees
The total investment necessary to begin operation of an Express Employment Professionals Business Traditional Model ranges from $140,000 to $160,000; Professional Staffing Model ranges from $185,000 to $211,000; and Territory Development Model ranges from $234,000 to $259,000. This includes $35,000, and, with respect to the Territory Development Model, $84,000, that must be paid to the franchisor as initial franchise fee. The total investment necessary to begin the operation of an authorized branch office, if you meet the franchisor’s criteria, within your territory is from $32,750 to $67,250. This includes $3,000 that must be paid to the franchisor as the Branch Office Fee.
Royalties and Marketing Fees
Royalties : 0.6% of the Gross Margin
Royalties : 2% of Gross Receipts
Earnings Transparency
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Financial Performance of "Standard" Units
Average Revenue Per Unit
Compared vs. Personnel Services Industry$5,481,803 / unit
Franchise Type: Standard
Average Revenue During 2021
Average Gross Profit Per Unit
Compared vs. Personnel Services Industry$891,584 / unit
Franchise Type: Standard
Average Gross Profit During 2021
Franchisee Attrition
This franchise's rate of attrition in 2020
of 1.95%
was
Slightly Lower
than the 6% in the Personnel Services industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Employee Contact Database
| # | Name | Position | Phone Number | Email Address |
|---|
Distribution of Express Employment Professionals Franchisees
Express Employment Professionals Franchise System Development in 2022
FAQ
How much investment do I need to start my own Express Employment Professionals business?
Franchisees typically require at least $140,000 to $400,000 investment to get their Express Employment Professionals business started
What are the initial franchise fees for Express Employment Professionals?
Franchisees typically need to pay at least $96,000 in fees directly to Express Employment Professionals in order to earn the right to launch their business
How much money can I make with a Express Employment Professionals franchise? What are
the average revenues for a typical Express Employment Professionals business?
We estimate that the average revenue of an individual
Express Employment Professionals unit is approximately
$5,481,803. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a Express Employment Professionals unit? What
is my contractual commitment?
Express Employment Professionals franchisees are typically required to sign up to a
5 year contract initially. The renewal length
is 5 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$67,110 to $83,235
which is
Much Lower
than the $0 to $0 average in the Personnel Services industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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