Select Franchise British Franchise Association - Full Member
Select Group - finding jobs for people and people for jobs
 

Investment and Rewards

The total investment requirement, including initial set-up costs and provision for working capital, will typically be in the range £75-120,000, of which around two thirds can, subject to status and approval, be obtained through bank funding. Included in this figure is the initial acquisition fee of £31,750.

Growth and speed of payback will depend on many factors, not least amongst which will be access to working capital and the level of investment that is devoted to staff headcount, training and development. Whether investment in headcount is carried out straight away or as the office develops over time, we have found a direct causal link between the number and quality of recruitment consultants working in an office, whether company or franchise owned, and the results of that office.

By way of illustration these results were achieved by three of our franchisees in 2006:

Franchise A  1st full yearTeam of 32006 Turnover £253k
Franchise B   5th full yearTeam of 42006 Turnover £688k
Franchise C10th full yearTeam of 122006 Turnover £4.9m

Many of our successful franchisees had no previous experience of the recruitment industry - a great testimonial to our proven formula for success.

 
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