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 Expenditure||Amount2||Method of Payment||When Due||To Whom Payment Is To Be Made|
|Initial Franchise Fee||$39,950||Lump sum||On signing Franchise |
|Lease||$1,000 – $10,000||Pursuant to the terms of the |
lease agreement with Landlord
|Improvements||$0 – $15,000||As incurred||As agreed||Landlord/Contractor|
|Business Licenses||$50 – $500||As incurred||As arranged||Government|
|Security Deposits||$2,000 – $8,000||As incurred||As incurred||Landlord|
|Training||No additional charge|
|Signage||$1,000 – $8,000||Lump sum or installments||As incurred||Vendor|
|Travel and living expenses while|
|$3,500 – $5,500||As incurred||Payment terms with suppliers and employees||Various|
|Initial license fee for Skills|
|$330||Lump sum||Payment terms with supplier||Vendor|
|Initial license fee for Hardware||$500||Lump sum||Payment terms with supplier||Various|
|Equipment and Software License||$8,600 – $11,000||Lump sum||Payment terms with supplier||Vendor|
|Office Equipment and Furniture||$6,000 – $12,000||As incurred||Payment terms with supplier||Vendor|
|Utility Deposits||$500 – $1,000||As incurred||As arranged||Utilities|
|Business Insurance||$2,500 – $4,000||As incurred||As incurred||Insurance Company|
|Advertising||$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|
|$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 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).
years of service
Size of the industry
Get started with Remedy Intelligent Staffing franchise
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