AtWorka well-established staffing franchise, was launched in 1986 in Knoxville, Tennessee, by John Corridor. Initially working with 11 places in East Tennessee, the corporate expanded into franchising in 1992.
This progress underscores the simplicity and scalability of AtWork’s franchise system, providing a lovely alternative for entrepreneurs aiming to personal a enterprise.
Specializing in short-term and everlasting staffing providers, AtWork caters to numerous industries, together with gentle industrial, clerical, administrative, and hospitality sectors.
Famend for its sturdy popularity, business recognition, and adaptable enterprise mannequin, AtWork stays a best choice for entrepreneurs coming into the staffing market. The franchise’s dedication to offering ongoing help and fostering progress ensures it’s a dependable companion for constructing a thriving staffing enterprise.
Preliminary Funding
How a lot does it value to start out a AtWork franchise? It prices on common between $154,000 – $211,000 to start out a AtWork franchised facility.
This consists of bills for workplace setup, tools, staffing sources, and preliminary working prices. The precise quantity varies primarily based on components corresponding to the kind of providers supplied, the placement of the workplace, and whether or not the franchisee opts to lease or buy the property.
| Kind of Expenditure | Quantity |
|---|---|
| Preliminary Franchise Charge | $40,000 |
| Lease/Lease and Deposit | $900 – $3,500 |
| Leasehold Enhancements | $500 – $2,500 |
| Workplace Gear and Provides | $15,000 – $20,000 |
| Utility Deposit | $0 – $500 |
| Danger Administration Reserve Deposit | $5,000 |
| Insurance coverage Deposit | $9,500 – $12,000 |
| Grand Opening Promoting | $5,000 |
| Promoting | $5,000 – $7,500 |
| Printed Materials and Signage | $600 – $1,000 |
| Phone | $500 – $2,000 |
| Prices to Attend Preliminary Coaching | $3,000 – $4,500 |
| Skilled Companies and Miscellaneous Begin-Up Prices | $5,000 – $7,000 |
| Further Funds – 6 to 9 months | $66,000 – $102,500 |
| TOTAL | $153,500 – $210,500 |
Common Income (AUV)
How a lot income are you able to make with a AtWork franchise? A AtWork franchised location makes on common $1,740,000 in income (AUV) per 12 months.
Right here is the extract from the Franchise Disclosure Doc:
This compares to $773,000 yearly income for related staffing franchises. Beneath are just a few AtWork rivals as a comparability:
Franchise Disclosure Doc
Often Requested Questions
What number of AtWork places are there?
As of the most recent information, AtWork operates a complete of 88 placescomprising 82 franchised models and 6 company-owned models.
What’s the complete funding required to open a AtWork franchise?
The full funding required to open a AtWork franchise ranges from $154,000 to $211,000.
What are the continued charges for a AtWork franchise?
AtWork franchisees pay a royalty payment of seven% of gross revenues and a advertising and marketing payment of 0.5%, totaling 7.5% of gross revenues in ongoing charges.
What are the monetary necessities to grow to be a AtWork franchisee?
To qualify as an AtWork franchisee, candidates ought to possess a minimal internet price of $250,000 and no less than $100,000 in liquid capital.
How a lot can a AtWork franchise proprietor count on to earn?
The common product sales for a AtWork franchise are roughly $1.74 million per location. Assuming a 15% working revenue margin, $01.74 million yearly income can lead to $261,000 Ebitda yearly.
Who owns AtWork?
AtWork franchise is owned by John D. Hall, who additionally serves as the corporate’s Chief Government Officer.
Disclaimer
Disclaimer: This content material has been made for informational and academic functions solely. We don’t make any illustration or warranties with respect to the accuracy, applicability, health, or completeness of the data introduced within the article. You shouldn’t construe any such info or different materials as authorized, tax, funding, monetary, or different skilled recommendation. Nothing contained in this text constitutes a solicitation, suggestion, endorsement, commercial, or provide to purchase or promote any franchises, securities, or different monetary devices on this or in every other jurisdiction during which such solicitation or provide can be illegal underneath the franchise and/or securities legal guidelines of such jurisdiction.
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