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Below is an in-depth analysis and side-by-side comparison of Lloyd Personnel Systems vs Redwood Healthcare Staffing 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 | $136,700 - $179,450 |
Franchise Fee | $20,000 | $40,000 |
Royalty Fee | 7-40% | 5% |
Advertising Fee | - | 1% |
Year Founded | 1971 | 2010 |
Year Franchised | 1986 | 2010 |
Term Of Agreement | 10 years | 10 years |
Term Of Agreement | 10 years | 10 years |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | � a strong desire to succeed - "a belief in yourself" � strong interpersonal skills - "a people person" � can manage and inspire people � a good attitude � the ability to be coached � business acumen |
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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 | Initial Corporate Office Training, On Site training, On Site visits |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Newsletter, Webinars, Toll Free number, Operations Manual, Site Selection Approval |
Marketing | Ad slicks, Regional advertising | National Media, Co-op advertising, branded materials |
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) | Number of employees needed to run business � 3 Absentee Ownership is NOT allowed |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
Redwood Healthcare Staffing is a full service medical staffing company for nurses
and other healthcare professionals. We offer Per Diem, contract and travel placement
services for healthcare facilities and homecare clients. Franchisees benefit from
excellent training, marketing support, choice in territories, and access to our proven
business methods which have been crafted and used in the medical staffing industry since 2010.