Labor Finders
Industrial staffing- 2023 Franchise 500 Rank
-
#243 Ranked #273 last year
- Initial investment
-
$129K - $221K
- Units as of 2022
-
185 5% over 3 years
Labor Finders has been in business for over 40 years. It is known to provide temporary and temp-to-full-time employees, payroll, and outsourcing to construction, maintenance, industrial, hospitality, moving and trucking companies. Labor Finders is a nationwide company that is well-known for franchisees who are customer service oriented, have a passion for helping people find jobs, the ability to motivate people, and the energy and commitment to succeed.
Why You May Want to Start a Labor Finders Franchise
With Labor Finders, you have access to a marketing team that will go to great lengths to guide you. You can craft and implement a specific marketing plan for your area with the team. Another plus to this team is that all the marketing materials are included in your investment costs. Quality marketing strategies can be expensive, but you have a good team behind you with access to the marketing team at headquarters in Palm Beach Gardens, Florida.
You only pay the franchise fee once, even if you go on to open another Labor Finders franchise. Your initial franchise agreement is for ten years. When the agreement expires, you can renew it as many times as you wish, as long as both parties agree to continue business together.
What Might Make a Labor Finders Franchise a Good Choice?
If your net worth and available liquid capital match the brand’s requirements, you may qualify to open a Labor Finders franchise, and you can get started with an initial investment which is made up of a franchise fee and other startup costs. You also should be prepared for ongoing fees that will include royalty fees, with the potential of other fees.
Labor Finders gives all franchisees the use of the proprietary operating software called StaffCom. This means that your software will not be like other temp agencies. With StaffCom, Labor Finders strives to be top of the line and the best in the industry. This may give you a distinct advantage in helping your clients.
If, for whatever reason, you come up against a legal or legislative problem, Labor Finders doesn't leave you to fend for yourself. The Labor Finders franchise gives you access to legal and legislative support from headquarters. You'll have the support you can trust without spending extensive amounts of money.
How To Open a Labor Finders Franchise
To get started with a Labor Finders franchise, you'll fill out your personal information and provide them a good time to call you. You can also let them know how soon you want to open and select areas of interest. A Labor Finders representative may then contact you to discuss the business and learn more about you. If you still want to move forward, you can fill out a formal franchise application.
Once you've submitted your application, you'll attend discovery day at headquarters in Palm Beach Gardens, Florida. If everything goes well, you may sign a franchise agreement and open your first Labor Finders office. This process can take a few months after signing your agreement. Then, it's time to put people to work with Labor Finders.
Company Overview
About Labor Finders
- Industry
- Business Services
- Related Categories
- Staffing/Recruiting
- Founded
- 1975
- Parent Company
- Labor Finders Int'l. Inc.
- Leadership
- Jeffrey Burnett, CEO
- Corporate Address
-
11426 N. Jog Rd.
Palm Beach Gardens, FL 33418
Business Overview
- Franchising Since
- 1975 (2023-1975 years)
- # of employees at HQ
- 40
- Where seeking
-
This company is offering new franchisees throughout the US.
- # of Units
- 185 (as of 2022)
Information for Franchisees
Here's what you need to know if you're interested in opening a Labor Finders franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
-
Initial Franchise Fee
Information Circle - $20,000
-
Initial Investment
Information Circle - $128,525 - $221,450
-
Net Worth Requirement
Information Circle - $150,000
-
Cash Requirement
Information Circle - $35,000
-
Royalty Fee
Information Circle - 3.5%
-
Term of Agreement
Information Circle - 10 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- In-House Financing
- Labor Finders offers in-house financing to cover the following: equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 28-36 hours
- Classroom Training
- 30-44 hours
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail Marketing
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
-
Can this franchise be run from home/mobile unit?
Information Circle - No
-
Can this franchise be run part time?
Information Circle - No
- # of employees required to run
- 1-3
-
Are exclusive territories available?
Information Circle - No
Interested in ownership opportunities like Labor Finders? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Labor Finders landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Labor Finders ranked on other franchise lists? Find out below.
Ranked #243 in 2023
Entrepreneur’s 44th annual Franchise 500® ranking shines a light on the unique challenges and changes that have shaped the franchise industry over the last year—and how franchisors have adapted and evolved to meet them.
Ranked #43 in 2023
Buying a franchise on a budget? No problem. Here are the top franchises that can be started for less than $150,000. For more low-cost opportunities, see our lists of franchises that can be started for less than $50,000 and less than $100,000.
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