Owning an Essential Pros staffing agency franchise comes with a low-cost investment and potential for high margin returns
If you’re not in the $160 billion staffing industry, you may not realize the enormous impact staffing agencies have on local economies nationwide. With almost $90 billion in annual revenue, the staffing industry is vital to the U.S. economy as a whole.
According to the Bureau of Labor Statistics, the U.S. workforce is expected to reach 163 million by 2022, and millions of those workers will pass through staffing agencies on their way to finding temporary and long-term employment. Additionally, more than 3 million people seek out staffing agencies weekly, which help more than 17 million workers find work every year, according to The American Staffing Association.
Ultimately, these companies play an important role in meeting the growing demand for skilled, qualified employees. It costs a lot of money, time and effort for a company to recruit employees – and the costs are much higher if the employee turns out to be the wrong fit. According to the U.S. Department of Labor, the cost of a bad hire can equal 70 percent of a worker’s regular pay, due to workers’ comp, unemployment and more. Likewise, if you’re busy running a small or medium-sized company, the time it takes to recruit – placing ads, interviewing, drug testing, conducting background checks, and more – are simply too much of a burden to take on.
This is where Essential Pros excels. For the past 13 years, we’ve stood out in the $160 billion staffing industry because we have built a proven business model that generates high sales margins, is simple to run and quick to scale. If you’re ready to own a business that puts you in the center of your local economy in a fundamental way, an Essential Pros franchise should be on the top of your list.
The Essential Pros Difference
Utilizing state-of-the-art technology and exceptional back-end office support, Essential Pros franchise owners are free to focus not only on connecting quality people with quality work, but also growing their businesses and driving sales. According to our most recent Franchise Disclosure Document, our average storefront generates more than $2 million in average sales and our highest performing store generates more than $5 million in gross sales.
“One thing people don’t know about the staffing industry is that it’s a high sales business,” says Travis Powell, CEO and founder of Essential Pros franchise. “It’s also a very affordable business to own, and one that can grow very quickly. It’s a great time to join Essential Pros today because we’ve developed a business model that has proven to work. We’ve been enormously successful and have grown consistently year-over-year. Now we want to share our proven business model with entrepreneurs who want to join a dynamic industry and own a business that truly makes an impact in their communities.”
As we begin to expand throughout the nation for the first time, Essential Pros is an incredibly affordable business to own. Our total cost to open ranges from $112,600 to $192,333, making our franchise an opportunity to own a business with the potential for tremendous financial returns.