The Investment – Startup Costs

How much does it cost to start a staffing agency with Remedy?

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

 

Below is a detailed breakdown of the initial staffing franchise costs, as listed in our current Franchise Disclosure Document.

Type of ExpenditureAmount2Method of PaymentWhen DueTo Whom Payment Is To Be Made
Initial Franchise Fee $39,950Lump sumOn signing Franchise
Agreement
Us
Lease
$1,000 – $10,000Pursuant to the terms of the
lease agreement with Landlord
As agreedLandlord
Improvements $0 – $15,000As incurredAs agreedLandlord/Contractor
Business Licenses $50 – $500As incurredAs arrangedGovernment
Security Deposits $2,000 – $8,000As incurredAs incurredLandlord
TrainingNo additional charge
Signage $1,000 – $8,000Lump sum or installmentsAs incurredVendor
Travel and living expenses while
training
$3,500 – $5,500As incurredPayment terms with suppliers and employeesVarious
Initial license fee for Skills
screening Software
$330Lump sum Payment terms with supplierVendor
Initial license fee for Hardware$500Lump sum Payment terms with supplierVarious
Equipment and Software License$8,600 – $11,000Lump sum Payment terms with supplierVendor
Office Equipment and Furniture$6,000 – $12,000As incurredPayment terms with supplierVendor
Utility Deposits$500 – $1,000As incurredAs arrangedUtilities
Business Insurance$2,500 – $4,000As incurredAs incurredInsurance Company
Advertising $1,000As incurredAs incurredVarious
Initial Supplies $400 – $600Lump sum Payment terms with suppliersVarious
Telephone (system, lines, cabling)$2,000 – $5,000As incurredAs incurredUtility/Lease Company/Cable Vendor
Network Connection$510 – $900Lump sum As incurredVarious
Professional Fees$2,000 – $15,000As incurredBefore signing Franchise AgreementYour professional advisor
Additional Funds
(six months)3
$80,000 – $120,000As incurredAs incurredEmployees, 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 recruitment 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 U.S. utilizing the marks to compile these estimates. You should review these figures carefully with a business advisor before making any decisions to purchase a franchise.

Military veterans discount

We are a member of the International Franchise Association (“IFA”) and participate in its

VetFran Program. This program provides a discount of the initial franchise fee for U.S. Armed

Forces veterans who meet the program requirements. For qualified veterans we reduce the initial franchise fee by 25%. Thus, the initial franchise fee under the program is reduced to $29,625.00. To qualify, a veteran must provide us proof of honorable discharge, and be at least a 51% owner of the Franchise. A veteran who wishes to transfer the franchise before opening must pay us the portion of the initial franchise fee that was waived ($9,875.00).

50+

years of service

$161B

Size of the industry

2M+

lives changed

Get started with Remedy Intelligent Staffing franchise

 For more information, fill out the form below to download our free franchise financial information report or start a conversation with us at

860-567-3099


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