|
Below is an in-depth analysis and side-by-side comparison of Labor Finders vs @WORK Search Group including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $128,525 - $217,960 | $159,000 - $236,000 |
Franchise Fee | $20,000 | $40,000 |
Royalty Fee | 3.5% | 2.6% - 7% |
Advertising Fee | 0% | - |
Year Founded | 1975 | 1986 |
Year Franchised | 1975 | 1992 |
Term Of Agreement | 10 years | 10 years |
Term Of Agreement | 10 years | 10 years |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/Yes |
Start-up Costs | No/Yes | -/Yes |
Equipment | No/Yes | -/Yes |
Inventory | No/Yes | -/Yes |
Receivables | No/Yes | Yes/- |
Payroll | No/Yes | Yes/- |
Training & Support |
||
Training | On-The-Job Training: 28-36 hours Classroom Training: 30-44 hours | On-The-Job Training: 32 hours Classroom Training: 32 hours Additional Training: Meetings |
Support | 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 | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
Marketing | Co-op advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | Ad Templates Regional Advertising Social media SEO Email marketing |
Operations | 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) | Number of Employees Required to Run: 2 - 4 |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | No | - |
@WORK's Franchise Offering Includes All Four Programs for One Franchise Fee