Express Employment Professionals
Date of Incorporation: 1983
Franchising Since: 1985
Headquarters: Oklahoma City, Oklahoma
Country: U.S.
Business Description: Express Employment Professionals provide a variety of services, including flexible staffing, temporary/contract staffing, career placement, and professional search business.
Franchise Offer: The franchise offered may provide two kinds of services: Temporary/Contract Staffing known as "Flexible Staffing", which is required in the Franchise Agreement, and Career Placement – Professional Search known as "Career Placement". In addition, Recruiting Stations and Brach Offices within franchisee territories may be set up with the appropriate addendums. 3 programs are offered by the franchisor to assist franchisees.
a) Bridge to Ownership Program- Offers qualified staffing industry employees an opportunity to become franchisees
b) Industry Pro Program- Offers qualified staffing industry employees an opportunity to become franchisees
c) Conversion- Offers qualified independent staffing firms the opportunity to become franchisees
Financial Assistance: If the franchisee qualifies for and participates in the BTO program, financing will provided. Financing may be provided at the discretion of the franchisor if the franchisee purchases any or all items of the computer system from the franchisor.
Training and Assistance: Training involves up to 2 weeks of classroom training and 1 week at a designated site for field training.
Territory: Territory will be specified in the Franchise Agreement and will have a minimum of 30,000 jobs based on results from the SCR's software, Portfolio.
Term of Agreement and Renewal: The initial term is 5 years. The renewal term will be equal to the term of the then-current form of the Franchise Agreement but in no event will be less than 5 years. At the end of any renewal term, the franchisee may renew for another renewal term.
Obligations and Restrictions: The franchisee or principal stockholder must actively be involved in the day-to-day operation of the business. At all times during the term of the Franchise Agreement the franchisee must only offer or conduct services authorized by the Franchise Agreement and develop all of the franchise’s services to the greatest extent possible.
Total Number of Units: Express Employment has a network of over 550 units.
Investment Tables:
Initial Investment:
| Expenditure | Low | High |
|---|---|---|
| Initial Franchise Fee | $35,000 | $35,000 |
| Lease and Deposit | $1,000 | $3,000 |
| Leasehold Improvements | $12,000 | $12,000 |
| Utility Deposits | $500 | $1000 |
| Training Costs | $6,000 | $6,000 |
| Office Supplies | $750 | $1,000 |
| Office Equipment | $2,500 | $4,000 |
| Computer System & Required Software | $14,000 | $15,000 |
| Furniture and Fixture | $3,000 | $5,000 |
| Signs | $1,000 | $3,000 |
| Insurance | $1,000 | $3,000 |
| Professional Service Fees | $2,000 | $3,000 |
| Additional Funds | $50,000 | $75,000 |
| Total | $129,150 | $166,500 |
Initial Investment for a Branch Office:
| Expenditure | Low | High |
|---|---|---|
| Branch Office Fee | $3,000 | $3,000 |
| Lease and Deposit | $500 | $2,000 |
| Leasehold Improvements | $500 | $10,000 |
| Utility Deposits | $500 | $1,000 |
| Office Supplies | $250 | $500 |
| Office Equipment | $1,500 | $3,000 |
| Computer System & Required Software | $3,000 | $10,000 |
| Furniture and Fixture | $1,000 | $3,000 |
| Signs | $2,000 | $3,000 |
| Insurance | $250 | $1,000 |
| Professional Service Fees | $250 | $750 |
| Additional Funds | $20,000 | $30,000 |
| Total | $32,750 | $67,250 |
Ongoing Fees:
| Name of Fee | Amount |
|---|---|
| Franchisor portion of the Gross Margin | 40% of the Gross Margin |
| Minimum Monthly Gross Margin | Will vary under circumstances |
| Liquidated Damages | Will vary under circumstances |
| Express Advertising/Marketing Fund | .06% of the Gross Margin |
| Reserve Account | 1% of Gross Margin |
| Charge-back of Past Due Amounts | Will vary under circumstances |
| Finance Charges | The greater of 1½% per month or an interest rate of 2% over the National Prime Lending Rate as reported in the Wall Street Journal, but not to exceed the maximum permitted by applicable law |
| Charge-back of improper payments | Will vary under circumstances |
| Cost of misclassification of workers’ compensation | Will vary under circumstances |
| Claim/Indemnity Plan contribution | Deductibles will be proportioned to franchisee on the same percentage as Gross Margin under each of the policies of insurance. |
| Other adjustments | Will vary under circumstances |
| Software, testing or training programs | 40% percent of compensation received |
| Transfer Fee | 10% of the total sales prices received no less than $5,000 or more than 50% of the then current initial franchise fee. |
| Branch Office Fee | $3,000 |
| Recruiting Station Fee | $300 |
| Indemnification | Will vary under circumstances |
| Mediation Costs | Will vary under circumstances |
| Services and Support of the Computer System and Required Software | Communication Fee: $450/month |
| ESP Clerical Testing Package Maintenance Fee | $41.67/month |
| The following entries will apply to the Career Placement portion of the Express Employment Professionals Business | |
| Express Advertising/Marketing Fund | 2% of Gross Receipts |
| Franchisor Portion of Gross Receipts | 8% of Gross Receipts of the Career Placement portion of the Express Employment Professionals Business |
| Interest | 1½% per month, but in no event more than the maximum permitted by applicable law |
| Audit | Will vary under circumstances |
Date of FDD: 2009
The above information has been compiled from the FDD of Express Employment Professionals along with online sources.
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