As a franchisee, you will operate a business which provides temporary staffing services including the identification, evaluation and acquisition of quality talent (the "NEXTAFF Office")
Company Background
NEXTAFF is a staffing company that brings together companies and talented individuals. As a franchisee, you will operate a business which provides temporary staffing services including the identification, evaluation and acquisition of quality talent (the "NEXTAFF Office"). NEXTAFF offers its franchisees many advantages such as: -Franchise fees are $14,500 with no royalty fee for up to 3 years. -No investment in equipment or inventory because we provide everything you need to start your own office. -A free NEXTAFF starter kit containing all the tools and materials needed to get started within 24 hours of your order being processed!
Franchise Opportunity
The staffing industry is incredibly competitive, and it can be hard to find the best talent for your business. Not only do you have to worry about finding talented staff, but you also have to worry about compliance with state and federal regulations, as well as employment law. It's a lot of work for something that isn't always guaranteed to pay off. NEXTAFF is the answer. We are a franchisee-owned company that provides temporary staffing services across the United States. With over 20 years of experience, we know how to find the best talent for your business. Plus, our team of experts will help you stay compliant with all state and federal regulations so you can focus on what's important - running your business.
Corporate Structure
Malone Nextaff LLC is a Kentucky Limited Liability Company originally organized under the name Malone Nextaff LLC on July 5, 2016. Their principal business address is 1868 Campus Place Louisville, KY 40299.
Royalties and Marketing Fees
Royalties : Percentage of Gross Wages, Buyout Payments, and Direct Hire Payments determined based on Gross Wages of your Office during the preceding calendar year: $0 TO $1M - 8.00% $1M TO $2M - 7.75% $2M TO $3M - 7.50% $3M TO $4M - 7.25% $4M TO $5M - 7.00% $5M TO $6M - 6.75% $6M TO $7M - 6.50% $7M TO $8M - 6.25% More than $8M - 6.00%
Royalties : The greater of $100 per week or .75% of Gross Wages.
Earnings Transparency
10 /10
This Franchise discloses far more 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
$1,824,866 / unit
Franchise Type: Standard
Average Revenue During 2021
$1,824,866
$1,824,866 Industry Low
$10,039,226 Industry High
Average Gross Profit Per Unit
Compared vs. Personnel Services Industry
$496,587 / unit
Franchise Type: Standard
Average Gross Profit During 2021
Franchisee Attrition
10 /10
This franchise's rate of attrition in 2023
of 0.00%
was
Higher
than the % 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
Franchise Types Available
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Type
Investment
Fees
Employee Contact Database
#
Name
Position
Phone Number
Email Address
Franchise Disclosure Documents
FDD
Effective Date
Nextaff Franchise System Development in 2021
FAQ
How much investment do I need to start my own Nextaff business?
Franchisees typically require at least
$126,850 to
$191,525 investment to get their
Nextaff business started
What are the initial franchise fees for Nextaff?
Franchisees typically need to pay at least
$28,858 in fees directly to
Nextaff in order to earn the right to launch their business
How much money can I make with a Nextaff franchise? What are
the average revenues for a typical Nextaff business?
We haven’t done the math on how much revenue a typical
Nextaff brings in each year. We estimate that other
franchisees in the Professional Services industry generate
$1,824,866 revenue, so we would expect
Nextaff to generate a similar amount
How long do I need to commit to running a Nextaff unit? What
is my contractual commitment?
Nextaff 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
7 /10
The Franchisor's investment costs ranges from
$126,850 to $191,525
which is
Much Lower
than the $127,822 to $218,128 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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