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Below is an in-depth analysis and side-by-side comparison of Spherion vs Party Personnel 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 | $22,500 - $40,000 |
Franchise Fee | $26,250 - $35,000 | $15,000 |
Royalty Fee | 0.25% - 0.75% | 3% |
Advertising Fee | - | - |
Year Founded | 1946 | 1993 |
Year Franchised | 1956 | 2003 |
Term Of Agreement | 10 years | 5 years |
Term Of Agreement | 10 years | 5 years |
Renewal Fee | Current initial license fee | $7.5K |
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/- | No/No |
Start-up Costs | Yes/- | No/No |
Equipment | Yes/- | No/No |
Inventory | Yes/- | No/No |
Receivables | Yes/- | No/No |
Payroll | Yes/- | No/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 |
Marketing | Ad Templates National Media Regional Advertising Social media SEO Email marketing | Co-op advertising, 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 |
Franchise can be run from home.
Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | No |
International Expansion | No | No |