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Express Employment Professionals franchise financing options
Compare costs, fees and where to get financing for a Express Employment Professionals.
Estimated initial costs
Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Express Employment Professionals franchise may result in higher or lower fees.
Franchise feesExpress Employment Professionals franchise fees total around $40,000, which is more than the $37,000 average for the 200 largest franchises.
|Initial franchise fee||$40,000 to $40,000|
|Royalty||8% of the Total Billings.|
|Estimated total||$40,000 to $40,000|
Equipment feesEquipment fees total $37,050 for Express Employment Professionals. This is less than the $180,023 average for the top 200 franchises.
|Office equipment||$6,000 to $7,500|
|Computer system hardware||$14,000 to $20,500|
|Furniture and fixtures||$9,000 to $10,100|
|Signs||$3,000 to $4,000|
|Estimated total||$32,000 to $42,100|
Real estate feesReal estate will set you back $8,250 for Express Employment Professionals, thought it's less than the average of $788,376 for the top 200 franchises.
|Lease and deposit||$2,100 to $4,600|
|Leasehold improvements||$4,000 to $5,000|
|Utility deposits||$200 to $600|
|Estimated total||$6,300 to $10,200|
Training feesExpress Employment Professionals initial training costs total $14,500 — more than the nationwide average of $9,788.
|Training costs||$4,000 to $25,000|
|Estimated total||$4,000 to $25,000|
Insurance costsInitial insurance costs for Express Employment Professionals run $500. This means you'll be paying less than the overall nationwide average of $6,311.
|Insurance||$400 to $600|
|Estimated total||$400 to $600|
Administrative feesExpress Employment Professionals administrative fees total up to $1,950 — which comes in under the overall nationwide average of $6,761.
|Office supplies||$300 to $600|
|Professional service fees||$1,000 to $2,000|
|Audit||Will vary under circumstances.|
|Estimated total||$1,300 to $2,600|
Other expensesMiscellaneous expenses for Express Employment Professionals total $92,250 — more than the nationwide average of $69,970.
|Additional funds||$66,000 to $118,500|
|Estimated total||$66,000 to $118,500|
How to financeSince the estimated total for Express Employment Professionals is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Express Employment Professionals franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Express Employment Professionals about in-house financing for franchisees.
- If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $194,500 estimated opening costs.
- Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
- Once you settle on a lender, gather all required documents, including account statements and assets.
- Apply for financing online or in person as required by the lender.
What types of financing is available?You have several options when it comes to financing a Express Employment Professionals — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
- Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
- Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of Express Employment Professionals opening costs.
- SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Compare small business lendersYou may not need financing to cover the estimated $150,000. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How Express Employment Professionals stacks upCompare how Express Employment Professionals holds up against two similarly sized franchises.
|WSI Internet||Express Employment Professionals||9Round|
|Average Franchise fees||$57,200||$40,000||NA|
|Average Equipment fees||$2,150||$37,050||NA|
|Average Real estate fees||NA||$8,250||NA|
|Average Training fees||$2,000||$14,500||NA|
|Average Inventory fees||NA||NA||NA|
|Average Marketing fees||$10,500||NA||NA|
|Average Licenses and permits fees||$500||NA||NA|
|Average Insurance fees||$500||$500||NA|
|Average Admin fees||$1,850||$1,950||NA|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||NA||$92,250||NA|
Bottom lineExpress Employment Professionals franchise costs run a total of $194,500. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.
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