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- 2023 Franchise 500 Rank
#243 Ranked #273 last year
- Initial investment
$129K - $221K
- Units as of 2022
185 5% over 3 years
Labor Finders has been in business for over 40 years. It is known to provide temporary and temp-to-full-time employees, payroll, and outsourcing to construction, maintenance, industrial, hospitality, moving and trucking companies. Labor Finders is a nationwide company that is well-known for franchisees who are customer service oriented, have a passion for helping people find jobs, the ability to motivate people, and the energy and commitment to succeed.
Why You May Want to Start a Labor Finders Franchise
With Labor Finders, you have access to a marketing team that will go to great lengths to guide you. You can craft and implement a specific marketing plan for your area with the team. Another plus to this team is that all the marketing materials are included in your investment costs. Quality marketing strategies can be expensive, but you have a good team behind you with access to the marketing team at headquarters in Palm Beach Gardens, Florida.
You only pay the franchise fee once, even if you go on to open another Labor Finders franchise. Your initial franchise agreement is for ten years. When the agreement expires, you can renew it as many times as you wish, as long as both parties agree to continue business together.
What Might Make a Labor Finders Franchise a Good Choice?
If your net worth and available liquid capital match the brand’s requirements, you may qualify to open a Labor Finders franchise, and you can get started with an initial investment which is made up of a franchise fee and other startup costs. You also should be prepared for ongoing fees that will include royalty fees, with the potential of other fees.
Labor Finders gives all franchisees the use of the proprietary operating software called StaffCom. This means that your software will not be like other temp agencies. With StaffCom, Labor Finders strives to be top of the line and the best in the industry. This may give you a distinct advantage in helping your clients.
If, for whatever reason, you come up against a legal or legislative problem, Labor Finders doesn't leave you to fend for yourself. The Labor Finders franchise gives you access to legal and legislative support from headquarters. You'll have the support you can trust without spending extensive amounts of money.
How To Open a Labor Finders Franchise
To get started with a Labor Finders franchise, you'll fill out your personal information and provide them a good time to call you. You can also let them know how soon you want to open and select areas of interest. A Labor Finders representative may then contact you to discuss the business and learn more about you. If you still want to move forward, you can fill out a formal franchise application.
Once you've submitted your application, you'll attend discovery day at headquarters in Palm Beach Gardens, Florida. If everything goes well, you may sign a franchise agreement and open your first Labor Finders office. This process can take a few months after signing your agreement. Then, it's time to put people to work with Labor Finders.
About Labor Finders
- Business Services
- Related Categories
- Parent Company
- Labor Finders Int'l. Inc.
- Jeffrey Burnett, CEO
- Corporate Address
11426 N. Jog Rd.
Palm Beach Gardens, FL 33418
- Franchising Since
- 1975 (48 years)
- # of employees at HQ
- Where seeking
This company is offering new franchisees throughout the US.
- # of Units
- 185 (as of 2022)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Labor Finders franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $128,525 - $221,450
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Term of Agreement
- 10 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- In-House Financing
- Labor Finders offers in-house financing to cover the following: equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 28-36 hours
- Classroom Training
- 30-44 hours
- Ongoing Support
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail Marketing
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- # of employees required to run
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Interested in ownership opportunities like Labor Finders? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Labor Finders landed on this year’s Franchise 500 Ranking versus previous years.
Curious to know where Labor Finders ranked on other franchise lists? Find out below.
Are you eager to see what else is out there? Browse franchises that are similar to Labor Finders.
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