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Updated RecentlyLloyd Personnel Systems vs Essential Pros Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Lloyd Personnel Systems vs Essential Pros including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $93,500 - $155,300 | $120,850 - $201,000 |
| Franchise Fee | $20,000 | $30,000 |
| Royalty Fee | 7-40% | up to 5.5% |
| Advertising Fee | - | 0.5% |
| Year Founded | 1971 | 2018 |
| Year Franchised | 1986 | 2019 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal 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/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | Training sessions offered year-round, owners conference | - |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | - |
| Marketing | Ad slicks, Regional advertising | - |
| Operations |
33% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 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 | - |
| International Expansion | No | - |
Company Overviews
About Lloyd Personnel Systems
The Lloyd companies have been fine-tuning our unique approach to staffing and employment since our inception in 1971. During this time frame, we have successfully served thousands of employers, job seekers and temporary employees. Our blended service concept truly embodies the entire spectrum of staffing, including temporary personnel, consultant referrals, contingency placement and executive search. And, because we recognize that the field of human resources has significantly changed its structure and focus over the years, we have also added several complimentary and compatible staffing components to our service line to enhance the support we provide to the business community.
Lloyd Staffing boasts a leadership team that forms a powerful blend of staffing knowledge, management, vision and ethical business practices. Many of our managers are nationally certified staffing professionals with 20 or more years experience specific to employment and at least 10 years or more as Lloyd employees.
At Lloyd, we are committed to attracting the best people in the staffing industry. We believe that our workplace offers true consideration of professional and personal choices and provides an environment that nurtures career development and embraces innovative changes in the staffing community.
As a leader in the staffing and employment industry, we are always on the lookout for exceptionally bright and motivated people to join our team of talent.
About Essential Pros
!["Essential]("https://fddexchange.com/wp-content/uploads/2020/08/Essential-Pros-300x99.png")
Starting a business on your own may seem like a daunting enterprise -
and it would be if you were doing it on your own. One of the many
reasons why Essential Pros is such an exciting opportunity is that since the beginning we’ve been perfecting a business model that keeps ongoing
costs low so that franchise owners can keep more of the money they earn.
Our back-end support is second-to-none in the staffing industry. We
provide a robust team of experts who will handle your payroll,
invoicing, accounts receivable, collections, marketing resources, risk
management consulting, as well as a ATS/CRM that helps you stay
organized and focused on hitting your sales goals. All of this support
means that you can begin operations with a minimal staff of three to
four people, and get an office space with a lighter footprint and
cheaper rent. This ongoing support will make your business easy to run,
quick to scale and will give you the ability to serve as the CEO of your
company, focusing your energies on forging relationships and winning
sales in your community.
“We wanted to make this business as turnkey as possible,” says Nicole
Powell, Vice President of Essential Pros. “Our industry-leading
back-end support keeps costs low on an ongoing basis, and minimizes the
stress of an owner so that they can focus their efforts on networking,
marketing and generating sales.
This is a sales business, and we need
our franchise owners doing what they do best - making sales.
We’ll take care of the rest.”