Essential Pros staffing franchise is well positioned to meet the continued demand for skilled labor in a changing economy
With record numbers of businesses looking for workers and millions of Americans seeking jobs, the Essential Pros staffing franchise opportunity is a best-best investment for aspiring entrepreneurs.
According to the most recent Bureau of Labor Statistics, nearly 9 million Americans are unemployed. And even still, it seems every business has a “help wanted” or “now hiring” sign outside its doors. At Essential Pros, we believe jobseekers need more guidance than ever navigating the tricky economic landscape. Our services help the employer and employee make sure both sides are the right fit for long-term success.
And even with all the financial challenges, there are encouraging signs of Americans getting back to work, and private employment service franchises playing a critical role in the effort.
As of August 2021, U.S. staffing has grown 25% compared to last year, according to a Staffing Industry Analysts Bullhorn Staffing Indication report, with solid growth in professional staffing. Overall, SIA reported the U.S staffing indicator was a “sign of health for the staffing industry.”
“As a positive sign, initial jobless claims declined to 340,000 last week, a new pandemic low, and a level 14,000 lower than the prior week,” SAI reported. “We believe the U.S. staffing franchise opportunity will benefit from the expiration of enhanced federal unemployment benefits in early September, as more candidates return to the labor market.”
Indeed, an estimated 7.5 million people have lost federal unemployment aid, and more than 3 million will lose state bonuses given at the onset of the pandemic, meaning roughly 11 million Americans will be looking for work. Economists polled by Bloomberg estimated 725,000 new hires for the month of August alone. Those numbers don’t even include the estimated 17 million people who seek work through staffing agencies in a normal year.
“We are in a unique time in history where we can help literally millions of Americans return to work, while at the same time, help countless businesses to continue to stay in business and thrive with the right workers in place,” says Nicole Powell, Vice President of Essential Pros.
For aspiring entrepreneurs interested in franchising with Essential Pros, not only does the work provide a sense of meaning by helping communities and driving the local economy, the company is also a high sales business. In the past few years, Essential Pros has grown to such an extent that franchises average more than $2 million in gross sales, with the highest performing offices generating $5 million in gross sales.
And Essential Pros’ vetted business model was strategically made to help aspiring business owners enter the $160 billion staffing industry. On average, the cost to open an office is $120,850 to $201,000. To be sure, the Essential Pros franchise opportunity offers tremendous profit-potential, with high-margins, low ongoing costs and a constantly renewing customer base.
“Now that we’ve proven the success of the Essential Pros business model can be replicable, I want to help as many entrepreneurs enter the staffing industry as I can,” says Travis Powell, CEO and Founder of Essential Pros. “This is why the barriers to entry are low – because life isn’t about money, life is about doing something that you’re passionate about, day in and day out.”
Bring Essential Pros Staffing Franchise to Your Community
If you want to own a potentially lucrative business that helps build your local community and national economy, an Essential Pros franchise is a smart business to own. Learn more today!