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Below is an in-depth analysis and side-by-side comparison of Spherion vs RemedyTemp including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $148,025 - $347,475 | $95,000 - $155,000 |
Franchise Fee | $26,250 - $35,000 | $18,000 |
Royalty Fee | 0.25% - 0.75% | Varies |
Advertising Fee | - | - |
Year Founded | 1946 | 1967 |
Year Franchised | 1956 | 1987 |
Term Of Agreement | 10 years | 10 years |
Term Of Agreement | 10 years | 10 years |
Renewal Fee | Current initial license fee | - |
Business Experience Requirements |
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Experience | ||
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/- | Yes/No |
Start-up Costs | Yes/- | No/Yes |
Equipment | Yes/- | No/Yes |
Inventory | Yes/- | No/No |
Receivables | Yes/- | Yes/No |
Payroll | Yes/- | Yes/No |
Training & Support |
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Training | On-The-Job Training: 120 hours Classroom Training: 40 hours Additional Training: At existing location | - |
Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
Marketing | Ad Templates National Media Regional Advertising Social media SEO Email marketing | Ad slicks, Regional advertising |
Operations |
90% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 5
100% of current franchisees are owner/operators |
30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | No |
International Expansion | No | Yes |
NO LONGER FRANCHISING
The primary RemedyTemp office was opened by
Robert McDonough in Riverside, California in 1965. The organization
moved its central station to close-by Orange County seven years after
the fact and started a national development of its impermanent staffing
administration. Today the organization has areas across the nation
filling transitory, impermanent to-contract and low maintenance
positions. RemedyTemp is exchanged on the NASDAQ trade under the REMX
image.