Express Employment Professionals Franchise FDD, Costs & Fees (2024)
KEY FRANCHISE STATS
All you need to know about this franchise in a snapshot
Initial franchise fee
$40,000
Investment required
$31,000 - $391,000
Express Employment Professionals: Leading the Way in Global Staffing Solutions
Express Employment Professionals is a leading staffing franchise that has made a significant impact in the workforce solutions industry. Founded in 1983 by Bill Stoller and Bob Funk, Express began with a vision to help as many people as possible find good jobs while assisting businesses in finding qualified employees.
The company, headquartered in Oklahoma City, Oklahoma, has grown substantially over the decades. Express Employment Professionals offers a full range of employment solutions, including full-time, part-time, and temporary staffing in a variety of sectors, such as professional, commercial, and administrative roles.
This diverse service offering, coupled with a commitment to quality and personalized service, sets Express apart from its competitors. The franchise has consistently ranked high in the staffing industry, being recognized by Entrepreneur Magazine and other industry leaders for its outstanding performance and client satisfaction.
Today, Express employs over half a million people annually through its franchise network, reflecting its strong presence and reputation in the staffing industry. The company's continued expansion and commitment to innovation in staffing solutions make it a top choice for both job seekers and businesses alike.
Initial investment
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
Express Employment Professionals offers 3 types of franchises:
Type of Expenditure | Amount |
Authorized Express Employment Professionals Branch Office (“Branch Office”) | $30,950 to $61,850 initial investment |
Express Employment Professionals Business Traditional Model | $132,000 to $213,000 initial investment |
Express Specialized Recruiting Group (“SRG”) Model | $191,000 to $391,000 initial investment |
We are summarizing below the main costs associated with opening an Express Specialized Recruiting Group (“SRG”) Model franchise.
For more information on the various types of franchises and its costs, refer to the Franchise Disclosure Document (Item 7).
Express Specialized Recruiting Group (“SRG”) Model
Type of Expenditure | Amount |
Initial Franchise Fee | $40,000 |
Lease and Deposit | $4,400 to $6,000 |
Leasehold Improvements | $5,000 to $25,000 |
Utility Deposits | $200 to $600 |
Training Costs | $10,000 to $25,000 |
Office Supplies | $500 to $1,000 |
Office Equipment | $7,200 to $7,500 |
Computer System Hardware | $8,000 to $12,000 |
Furniture and Fixture | $9,000 to $15,000 |
Signs | $4,500 to $6,400 |
Insurance | $500 to $1,000 |
Professional Service Fees | $1,000 to $3,000 |
Additional Funds – (9 months) | $100,700 to $248,500 |
TOTAL | $191,000 to $391,000 |
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Franchise Disclosure Document
Training
Express Employment Professionals provides comprehensive training to its franchise owners, focusing on equipping them with the knowledge and skills necessary to successfully operate a staffing franchise. The training includes several key components:
- Initial Training Program: This is a multi-week program conducted at the company’s headquarters in Oklahoma City. It covers essential topics such as staffing operations, sales techniques, business management, and Express’s unique systems and processes. Franchisees learn how to recruit and manage a diverse workforce, utilize the proprietary software systems, and effectively market their services to local businesses.
- Field Training: After the initial classroom-based training, new franchisees receive on-site support from experienced field consultants. This phase of training focuses on real-world application, helping franchisees to implement what they've learned in their local markets. The field consultants work closely with new owners to ensure they understand the day-to-day operations and can address any challenges that arise during the early stages of their business.
- Ongoing Support and Development: Express Employment Professionals places a strong emphasis on continuous learning. Franchisees have access to ongoing training through webinars, regional meetings, and an annual international leadership conference. These resources keep franchise owners updated on the latest industry trends, operational best practices, and new tools or strategies that can enhance their business performance.
- Peer Support and Networking: Express also encourages a collaborative franchise network, where franchisees can share experiences and advice with one another. This peer support system is facilitated through various channels, including regional meetings and online forums, allowing franchisees to learn from each other and build a strong community within the Express network.
Territory Protection
Express Employment Professionals offers territory protection to its franchisees, ensuring that each franchise owner has exclusive rights to operate within a defined geographic area. This protection helps prevent overlap and competition among franchisees, allowing them to fully develop their market and maximize their business potential.
The territory is typically determined based on population density and market potential, providing franchisees with a secure and exclusive area to grow their business.
This territorial exclusivity is a significant benefit, as it allows franchisees to focus on building relationships and growing their client base without the concern of competing with another Express franchise in close proximity.