Spherion Staffing & Recruiting - Franchise
Spherion’s locally owned and operated offices match job seekers and employers so each can achieve their goals. Ranked in the top 15% of Entrepreneur’s Franchise 500 list, our average franchise grossed $7.4 million in sales in 2022.*
Requirements
Financial requirements for this franchise:
| Liquid Capital: | $150,000 What does Liquid Capital mean? |
|---|---|
| Net Worth: | $200,000 What does Net Worth mean? |
| Franchise Fee: | $40,000 What does Franchise Fee mean? |
| Total Investment: | $214,325 - $471,975 What does Total Investment mean? |
Options
Options available to franchisees:
| Financing: | Available |
|---|---|
| Training: | Available |
| Veteran Discount: | Military veterans and members of recognized minority groups receive 25% off of the standard franchise fee |
Franchisor Details
Facts about this franchise:
| Total Units: | 221 |
|---|---|
| Year Founded: | 1946 |
| Franchising Since: | 1956 |
What Does a Spherion Staffing & Recruiting Franchise Cost?
Interested parties should have at least $150,000 in liquid capital to invest and a minimum net worth of $200,000. Franchisees can expect to make a total investment of $214,325 - $471,975. Spherion Staffing & Recruiting charges a franchise fee of $40,000. They also offer financing as well as a discount for veterans (Military veterans and members of recognized minority groups receive 25% off of the standard franchise fee). *
Overview
Spherion’s franchise opportunity builds upon 75+ years of experience and a wealth of workforce knowledge. You’ll step into franchise ownership with an established brand and peer-supported company delivering recruitment, staffing, and workforce support services to more than 160,000 employees and 3,000 clients daily. Our goal is to be known for offering a pipeline of skilled talent and satisfying career opportunities while helping franchisees achieve ever-higher levels of income and professional goals.
Spherion offers a low franchise fee of $40,000. Our minimal start-up costs combined with operations, marketing, payroll and billing support mean you can focus on sales over cash flow.
- Average 2022 gross sales: $7.4 million
- Average 2022 gross profit: $1.6 million
- 43% of franchisees surpassed 2021’s average gross profit
Our franchises operate in two categories: Professional IT, which concentrates on technology-centric positions, and General Staffing, which connects job seekers and employers in light industrial, administrative, non-clinical healthcare, educational support, customer service, sales and marketing. We offer single and multi-unit opportunities tailored for each franchisee’s goals and local market potential.
Why Choose Spherion?
Our strong candidate-client relationships and exceptional service backed by the resources of the global leader in human resources allows Spherion to cater to the ever-changing demands of America’s workforce.
- 4.8/5-star Google rating from franchisees, clients, and employees
- Average franchise location earning was $7.4 million in 2022, up from $5 million in 2019.
- Franchise owners benefit from the stability of protected, exclusive territories plus our standard 10-year contract with 5-year renewals.
- Opportunities abound to grow your market through additional locations and services.
- B2B model that allows you to maintain a 40-hr weekly schedule, and the flexibility to grow, and outstanding corporate support.
- Our comprehensive, 380-hour training program covers all facets of operations. You don’t open until you’re confident you will succeed.
Our low franchise fee of $40,000 makes it easy to start your own business. We offer discounts for military veterans, staffing industry veterans, and recognized minority groups as well as in-house financing.
Support & Training
You'll receive 380+ hours of comprehensive role-based training before and after opening. Periodic training addresses client development, legal requirements, marketing and sales. You'll be supported by a dedicated portfolio leader who is available to answer questions and strategize with you, as well as by a national marketing team.
Market & Competition
Spherion and the entire staffing industry is enjoying robust growth thanks to a rebounding post-pandemic economy and shifts in the labor market. Staffing Industry Analysts predicts +/-2% growth for the staffing industry in 2023. Spherion is bullish on that projection and expects the demand for flexibility and scalability to continue fueling our growth. Robust candidate-client relationships and exceptional service backed by the resources of the world's largest talent company allows Spherion to cater to the ever-changing demands of America’s workforce.
Ideal Candidate
Our ideal franchise owner is an entrepreneurial-minded person who desires to be their own boss with the support and resources a national company can offer. Our franchisees come from business, finance, education, law, retail, sales, and more. We have military veterans, first-generation business owners, and multi-generational owners. Spherion franchisees employ a strong work ethic and collaborative leadership strategies to provide employment opportunities.
*This data is based on 60 franchisees that were open and operating for at least one full year as of 12/31/22. 15 of the 60 franchisees (25%) surpassed the average annual sales stated above. Your individual results may differ. There is no assurance that other franchisees will earn as much. Please review Item 19 of our FDD for more information.
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Awards
Spherion Staffing & Recruiting has received the following awards and acknowledgements:
Entrepreneur 500 Member
Forbes Best Temporary Staffing Firm
Forbes Best Professional Recruiting Firm
Availability
Spherion Staffing & Recruiting is currently accepting inquiries from the following states:
Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
Interested parties should have at least $150,000 in liquid capital to invest.
Press Releases
- 05/17/23:
Spherion Named “America’s Best Recruiting and Temporary Staffing Firm” in 2023 By Forbes - 04/28/23:
Spherion Staffing and Recruiting Franchise Owner Receives National Recognition With Innovation Franchisee MVP Award - 02/23/23:
Spherion Honored with Reputation’s 800 Award for High Customer Satisfaction - 01/10/23:
Entrepreneur Magazine Honors Spherion as Top Brand on 44th Annual Franchise 500® List - 08/29/22:
Spherion Staffing and Recruiting in Johnson City Welcomes New Leadership
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