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Below is an in-depth analysis and side-by-side comparison of RemedyTemp vs Labor Finders including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $95,000 - $155,000 | $128,525 - $217,960 |
Franchise Fee | $18,000 | $20,000 |
Royalty Fee | Varies | 3.5% |
Advertising Fee | - | 0% |
Year Founded | 1967 | 1975 |
Year Franchised | 1987 | 1975 |
Term Of Agreement | 10 years | 10 years |
Term Of Agreement | 10 years | 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 | Yes/No | No/No |
Start-up Costs | No/Yes | No/Yes |
Equipment | No/Yes | No/Yes |
Inventory | No/No | No/Yes |
Receivables | Yes/No | No/Yes |
Payroll | Yes/No | No/Yes |
Training & Support |
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Training | - | On-The-Job Training: 28-36 hours Classroom Training: 30-44 hours |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | Ad slicks, Regional advertising | Co-op advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
Operations |
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) | 95% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 3 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | No |
International Expansion | Yes | No |
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.