RemedyTemp Franchise
Sunday, April 25, 2010 at 03:51PM Temporary staffing service
The first RemedyTemp office was opened by Robert McDonough in Riverside, California in 1965. The company moved its headquarters to nearby Orange County seven years later and began a national expansion of its temporary staffing service. Today the company has locations nationwide filling temporary, temporary-to-hire and part-time positions.
RemedyTemp is traded on the NASDAQ exchange under the REMX symbol.
Start-up Costs & Franchises Fees
What is the total cost to open a RemedyTemp Franchises?
Total Cost: $95,000 USD -$155,000 USD
Total Franchise Fees: $18,000 USD
Ongoing Royalty Fees: Varies
Ongoing Advertising Fees:
Term of Agreement: 10 years
Contact Information for RemedyTemp
|
RemedyTemp Inc. |
Phone Number: (949)425-7600 |
RemedyTemp In the Press
No results at this time.Historical Expansion
In what year did RemedyTemp begin operations? 1967
When did RemedyTemp begin selling franchises? 1987
Year United States Canada International Corporate 2001 170 0 0 123 2000 166 0 0 115 1999 148 0 0 102 1998 133 0 0 98 1997 113 0 0 78
Future Expansion
Countries of Interest: Canada,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee Yes No Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No No Accounts Receivable Yes No Payroll Yes No 3rd Party Financing Available? Financing Source(s): GE Capital Asset Business Funding Corp.
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation
Marketing
Ad slicks, Regional advertising support
Franchise Operation Restrictions
30% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 5
Absentee ownership of franchise is allowed. (98% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
General business experience Sales & marketing experience
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes