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Below is an in-depth analysis and side-by-side comparison of Lloyd Personnel Systems vs NurseFinders 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 | $110,000 - $200,000 |
Franchise Fee | $20,000 | $19,600 |
Royalty Fee | 7-40% | 7% |
Advertising Fee | - | - |
Year Founded | 1971 | 1974 |
Year Franchised | 1986 | 1978 |
Term Of Agreement | 10 years | 10 years +5+5 |
Term Of Agreement | 10 years | 10 years +5+5 |
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 | 1. Arlington, TX 2 Weeks 2. Company Office 1 Week 3. On-Site 2 Weeks |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Central Data Processing Central Purchasing Field Operation Evaluation Field Training Initial Store Opening Franchisee Newsletter Regional or National Meetings: At Additional Cost 800 Telephone Hotline |
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 | - |
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