
![]() |
Express Employment Professionals Franchise ProfileBusiness Services Franchises > Staffing |
To open an Express Employment Professionals franchise, the initial investment ranges from $30,950 to $391,000. This includes a franchise fee of $40,000. Potential franchisees should have a cash requirement of $40,000 to $100,000 and a net worth of $100,000 to $500,000. Understanding these financial commitments is crucial for aspiring owners to prepare adequately and ensure they meet the necessary financial criteria.
Franchisees of Express Employment Professionals are subject to ongoing fees that include an 8% royalty fee on gross sales and a 2% marketing fee. These fees contribute to the overall operational costs and marketing efforts that help maintain the brand's visibility and competitiveness in the employment services sector. It's essential for potential franchisees to factor these expenses into their financial planning.
The average annual revenue per unit for an Express Employment Professionals franchise is approximately $1,346,028.72, with a median revenue of around $1,280,914.95. The gross profit margin stands at 22.2%, and after accounting for operating expenses, the EBITDA is about $81,781.72, representing 6.1% of revenue. These metrics provide valuable insights into the financial performance and potential profitability of the franchise, helping prospective owners assess the opportunity.
Express Employment Professionals franchisees can expect a breakeven period of around 21 months, with an investment payback timeline of approximately 24 months. This timeframe indicates how long it may take for franchisees to recover their initial investment and start generating profit. Understanding these timelines is vital for franchisees to manage their cash flow and set realistic financial expectations.
Express Employment Professionals Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
Net Worth Required:
Investment Payback:
Franchise Fee:
Royalty Fee:
Marketing Fee:
Breakeven Time:
Initial Investment:
Cash Required:
Average Revenue:
Median Revenue:
Highest Revenue:
Lowest Revenue:
Industry:
Category:
Leadership:
Corporate Address:
Funding Year:
Parent Company:
Express Employment Professionals Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
Units | 2021 | 2022 | 2023 |
---|---|---|---|
Total Units | 4 | 4 | 6 |
Net Change YoY | 0 | 2 | |
Franchised Units | 2 | 2 | 3 |
Net Change YoY | 0 | 1 | |
Corporate Units | 2 | 2 | 3 |
Net Change YoY | 0 | 1 |
The Express Employment Professionals franchise offers a range of initial investment options, with costs ranging from $30,950 to $391,000. The initial franchise fee is set at $40,000, while franchisees should be prepared for additional expenses, including a royalty fee of 8% of gross sales and a marketing fee of 2%.
On average, each Express Employment Professionals unit generates annual revenue of approximately $1,346,029. The median revenue per unit is reported at $1,280,915, with the lowest annual revenue at $313,288 and the highest reaching $6,414,928. This diverse revenue range highlights the potential profitability of the franchise.
The breakeven period for an Express Employment Professionals franchise is around 21 months, indicating a relatively quick path to profitability. Additionally, franchisees can expect to recoup their initial investment in roughly 24 months, making it an attractive option for aspiring business owners.
To qualify for an Express Employment Professionals franchise, candidates must demonstrate a net worth between $100,000 and $500,000. Additionally, having liquid cash available in the range of $40,000 to $100,000 is essential to cover initial startup costs and operational expenses.
Express Employment Professionals operates as a well-established franchise with a growing presence. As of 2023, there are a total of 6 units, comprising 3 franchised and 3 corporate-owned locations. This steady growth reflects the brand's commitment to expanding its footprint in the employment services industry.
Franchisees should anticipate various operational expenses, including rent (ranging from $2,000 to $3,000), utilities ($200 to $600), and office supplies ($500 to $1,000). Overall, the total annual running expenses can range from $30,950 to $61,850, which is essential for budgeting and financial planning.
Frequently Asked Questions
The initial investment to open an Express Employment Professionals franchise ranges from $30,950 to $391,000, which includes a franchise fee of $40,000.