Feb 02
Franchise information - 247 staff franchise
Description of Business Recruitment agency
Telephone number 0845 225 5025
E-mail address les@247staff.com
Website www.247staff.net/franchise
British Franchise Association member Membership withdrawn by the BFA in 2007
No. of UK Franchised outlets 44
No. of UK Franchisor owned outlets 0
Date Business established 2003
Date Franchise launched 2004
Growth objectives To grow to 100 branches in the UK
Geographical Spread UK and Ireland
Term of Licence 10 Years
Investment Costs (illustrative):
Licence fee Now promoting no franchise fee
Set up costs £25,000
Equipment/Vehicles See Comments
Working capital £15,000
Total Investment From £40,000 plus VAT
On Going Fees:
Royalty 5%
Advertising
Other 2% payroll processing
247 staff is the trading name for Interlet Limited. Multi-disciplined recruitment agency providing temporary and permanent placements across many different sectors. 247 Staff claims to offer a bespoke service to suit their customer’s needs and provide a ‘hands on’ personal approach. 247 staff operates in the large and growing recruitment services market. Competition is tough and widespread consisting of national agencies and smaller operators.
They currently promote an offer of no initial franchise licence fee however total set up costs are likely to be in the region of £40,000 plus VAT. Company operations and training manuals are provided with classroom training at Head Office followed by on site training and a 10 year franchise agreement. Start up costs may include building work, if required, shop front, doorway and company signage and computers and software, telecommunications,fax, broadband connection and a suitable reliable vehicle. Typical working capital requirement of £15,000 is indicated by the franchisor.
Training in the following areas is provided by the franchisor: Introduction to the recruitment industry, employment law, marketing, software training, interviewing techniques, candidate search, money management and payroll.Following an initial intensive one week classroom based training the franchisor provides on site support through their Regional Managers.
The franchisor assists with recruitment of consultants to work in the business, as well as providing an initial client base requiring ongoing temporary work. The franchisee will receive training in telesales and networking. Support is also provided to find a suitable location for the business and to assist with producing a business plan.
Prospective franchisees are encouraged to talk to existing 247 staff franchisees and visit their offices. Ideal prospective franchisees will be mature and come from a management background. The franchisor collects funds centrally through a factoring company and make provision for the payment of wages on behalf of the franchisee.
For more information on this franchise please consult the site above. This post is for informative purposes only, and anyone considering investing in any franchise business opportunity is advised to seek advise from an approved British franchise Association Solicitor, as well as speaking to current franchsee's.
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