To fully understand what you should expect from a recruitment franchise investment opportunity, it’s important to break down the language that is commonly used in a franchise setting. If you have a good handle on the four terms we have defined below, the rest is a piece of cake. The SI Staffing franchise team has made sure that the information surrounding our investment opportunity is not complicated, so we can open it up to a broader audience. If you have contemplated the process of how to open a franchise but always got caught up in the jargon, here is a quick run-through of what you need to know.
We don’t want to get ahead of ourselves, but say you do decide to invest. Your role in our business model will be as the owner of one of our or more of our locations. You will be in charge of the operation of your location and have the title of a franchisee. Through that relationship, our team will provide support and training to help you learn how to open a franchise and create potential success.
Now, this is where SI Staffing franchise comes into play. The franchisor is the company that the franchisee invests in. This title is given to a company that supplies the trademarks, training, support, and business model to the franchisee. While the franchisee is running their location, the franchisor updates them on changes to training and provides them with marketing advice, or whatever could help their business grow. In our recruitment franchise, we make sure that owners are comfortable and not worried about some of these distracting parts of their business.
The franchise fee is an investor’s ticket into making a franchise location their own. A franchise fee is a one-time payment that covers most of the franchisor’s support services that franchisees can take advantage of when running their location. Some aspects of the business the franchise fee covers is all of the pre-opening training, trademarks, and also ongoing support. These are all of the advantages that independent business owners are not able to take advantage of, highlighting the value of an SI Staffing franchise investment.
Franchise Disclosure Document (FDD)
A key document is the FDD, which leading up to the opening of your location, you will hear quite a bit about. The FDD is a legal document that highlights all the crucial information that you’ll want to know about our recruitment franchise. The FDD gives an in-depth background of the company’s history, and the training and support that franchisees receive. The investment that is broken down to the last dollar, and even franchise location revenue records. Each section of the FDD is broken down into ‘Items’ that each address a different topic concerning the franchising process. The FDD also explains the relationship between the franchisee and the franchisor, so that all bases are covered.
You can now talk the talk, but do you want to know more about how to walk the walk? Do you want to know more about how to open a franchise location? Contact SI Staffing for more information on opening a recruitment franchise today.