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The total investment necessary to begin operation of a Remedy Intelligent Staffing or Westaff franchised business ranges from $151,840 - $258,280 which includes the Initial Franchise Fee of $39,950.

 

YOUR ESTIMATED INITIAL INVESTMENT(1)


Type of Expenditure


Amount(2)

Method of Payment


When Due

To Whom Payment
Is To Be Made

Initial Franchise Fee

$39,950

Lump sum

On signing Franchise Agreement

Us

Lease

$1,000 - $10,000

Pursuant to the terms of the lease agreement with Landlord

As agreed

Landlord

Improvements

$0 - $15,000

As incurred

As arranged

Landlord/Contractor

Business Licenses

$50 - $500

As incurred

As incurred

Government

Security Deposits

$2,000 - $8,000

As incurred

As arranged

Landlord

Training

No additional charge

 

 

 

Signage

$1,000-$8,000

Lump sum or installments

As incurred

Vendor

Travel and Living Expenses while Training

$3,500 - $5,500

As incurred

Payment terms with suppliers and employees

Various

Initial License Fee for Skills Screening Software

$330

Lump sum

Payment terms with supplier

Vendor

Initial License Fee for Hardware

$500

Lump sum

Payment terms with supplier

Vendor

Equipment and Software License

$8,600-$11,000

Lump sum

Payment terms with supplier

Various

Office Equipment and Furniture

$6,000 - $12,000

As incurred

Payment terms with suppliers

Vendor

Utility Deposits

$500 - $1,000

As incurred

As arranged

Utilities

Business Insurance

$2,500 - $4,000

As incurred

As incurred

Insurance Company

Advertising/Direct Mail

$1,000

As incurred

As incurred

Various

Initial Supplies

$400 - $600

Lump sum

Payment terms with suppliers

Various

Telephone (system, lines, cabling)

$2,000 - $5,000

As incurred

As incurred

Utility/Lease Company /Cable Vendor

Network Connection

$510 - $900

Lump sum

As incurred

Various

Professional Fees

$2,000- $15,000

 

As incurred

Before signing Franchise Agreement

Your professional advisor

Additional Funds

(six months)(3)

$80,000 - $120,000

As incurred

As incurred

Employees, Vendors, Utilities

                        Total

$151,840 - $258,280

 

 

 

 

(1)This chart reflects the Initial Investment for a single Location within your territory.  Many franchisees choose to open more than one Location within their territory. No additional franchise fees are due to Franchisor upon opening additional Locations within your territory, however, you are responsible for all operating, build-out, lease, improvement, supplies, insurance, computer hardware and software, licenses, staffing and supplies expenses that you may incur in opening additional Locations. 

(2)Unless otherwise noted above, none of the above payments are refundable.  Neither we nor our affiliates finance any part of the initial investment.

(3)You will need additional funds to support ongoing expenses, such as payroll and local advertising, if these costs are not covered by sales revenue, for your first six months of operation.  New businesses often generate a negative cash flow.  We estimate that the amount given will be sufficient to cover ongoing expenses for the start-up phase of the business, which we calculate to be six months.  This is only an estimate and there is no guarantee that additional working capital will not be necessary during this start-up phase or after.  We do not guarantee that you will not have greater start-up expenses than these estimates, or that you will not need more operating funds than these estimates.  We do not imply or guarantee that you will “break even” by any particular time. 

We relied on our franchisees’ experience as owners and operators of Franchised Businesses in the US utilizing the Marks, to compile these estimates.  You should review these figures carefully with a business advisor before making any decisions to purchase a Franchised Business.

Interested? Questions? Contact us today!