Express ranked as the fifth top franchise with an investment level less than $150,000.
Forbes annual list is chosen from among 3,300 active franchise brands. Franchisors must have at least five years of franchising activity and a minimum of 20 franchise units. Rankings are based on information from franchise industry research firm FRANdata.
According to Forbes, most of the best franchises have staying power. The best franchisors support their franchisees with strong branding, innovative products and creative marketing. This is the third year Forbes has issued the best and worst franchises to buy in America.
Express Employment Professionals has a long-term goal to put a million people to work annually and is on an aggressive expansion campaign.
Territories are available in California, Massachusetts, Florida, Pennsylvania, Maine, Texas, Illinois, Arizona, Missouri, Utah and Idaho, as well as Calgary, Alberta.
“As more businesses and job seekers rely on the services of staffing firms, we are looking to expand our franchise network to 800 offices in North America and South Africa this year,” said Bob Funk, CEO and chairman of the board for Express. “We currently have more than 760 franchises and ultimately want to get to 900 franchise locations.”
According to the American Staffing Association, more than 3 million people work for a staffing company during an average week. During the course of a year, staffing companies hire more than 14 million temporary and contract employees.
“The staffing industry is booming and this is a great time to invest in a franchise opportunity,” Funk said.
Earlier in the year, Express made the Entrepreneur 500 list for the fifth year in a row and was ranked No. 1 in the franchise staffing category.
Express franchises open more than two years have average annual sales of $5.6 million, and first year sales average more than $1 million. The success rate for an Express franchise is 96 percent.
“We’re a small business operating with a great purpose,” Funk said. “Every time a new Express franchise opens, we help 600 additional people, on average, find jobs annually.”