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Spherion Staffing & Recruiting

Thriving Staffing Franchise In Port St. Lucie For Sale

Port St. Lucie, Florida, US
Asking Price:
$600,000
Sales Revenue:
$1M - $5M
Cash Flow:
$100K - $250K

Build your empire with Spherion Staffing in Port St. Lucie, Florida. Our time-tested staffing agency model offers strong client relationships in the professional, customer service, and light manufacturing industries. The agency operates in territories with a temporary staffing market exceeding $150 million annually.

The retiring owners have focused on direct hire in recent years, and have quadrupled direct hire revenue in the past 18 months. With marquee clients in the aerospace and customer service industries as clients, these locations are ready for the next franchise owner to grow to new heights!

Quick facts about franchising with Spherion:
- Average annual sales per franchisee (open at least one year) were $6M in 2023*
- Average annual gross profit per franchisee (open at least one year) was $1.3M in 2023*
- Rated a Top 200 Franchise, a Top Franchise for Veterans, Top Franchise for Women, Most Profitable Franchise and Top Franchise for Culture by Franchise Business Review
- Rated 4.8/5 stars on Google 4+ years by our clients and employees

Territory information:
- St. Lucie, Martin, and Indian River Counties, all on Florida's east coast
- Working population of 240,000 (BLS)
- Regional GDP of $54.3 billion (as of 2023), fueled by healthcare, hospitality, and aerospace industries
- Estimated $191 staffing market size for Port St. Lucie MSA (Staffing Industry Analysts, 2023)

About Spherion
We're a national recruiting and staffing enterprise that blends the resources of the world's most equitable and specialized talent company with the local insights of our independent franchise owners. A pioneer in the staffing industry, we’ve been providing companies with the workforce solutions they need for over 75 years while helping people find jobs and build careers where they can thrive.

Our franchise owner community across the country is collaborative, supportive, and helpful. Spherion franchisees include multigenerational groups, husband-wife teams, former Spherion corporate employees, and former franchise employees.

Unlike other hyper-competitive franchises, Spherion franchisees do whatever it takes to help new owners get started and experience success. You'll have complete corporate support as you transition into business ownership. Spherion's model allows you to focus on your goals and the activities that support them, and not get bogged down in daily paperwork.

*This data is based on 67 franchisees that were open and operating their businesses for at least one full year as of 12/31/23. Of these 67 franchisees, 18 of them (26.9%) surpassed the average annual sales stated above, and 18 of them (26.9%) surpassed the average annual gross profit stated above. Some outlets have earned these amounts. Your individual results may differ. There is no assurance that you’ll earn as much. Please review Item 19 of our April 29, 2024 FDD for more information.

**Franchise Business Review, 2024

Property Information

Real Estate:

Lease

Lease Terms:

Port St. Lucie lease renews Feb. 2025.

Living Accommodation:

N/A

Location:

Office is located near the I-95 and St. Lucie W Boulevard interchange, with quick access to Stuart, Palm City, Indian River and Fort Pierce.

Premises Details:

Office is located in a commercial district with close proximity to residential areas.

Size in square feet:
1,500

Business Operation

Expansion Potential:

The Port St. Lucie MSA contributes $15.8 billion to Florida's economy, maintaining a 3.4% unemployment rate with approximately 6,500 businesses operating across healthcare, biotech, and manufacturing sectors. The region exemplifies Florida's economic vitality, with Port St. Lucie ranking among the state's fastest-growing metropolitan areas.

Staffing Industry Analysts predicts the US staffing industry will grow by 5% in 2025 to reach $198.3 billion. This growth is expected to be powered by lower inflation and interest rates that allow businesses to accelerate their growth compared to previous years. Regardless of economic conditions, the need for temporary employees to fill skills gaps and for permanent workers to fulfill longer-term business goals will remain stable.

The franchise leadership team provides comprehensive support to help owners develop strategic plans balancing existing account management with growth initiatives to expand market presence and achieve business objectives.

Competition / Market:

Port St. Lucie MSA:

Estimated temporary staffing market: $191 million
Annual staffing payroll: $153 million
Approximately 35 staffing agencies
Key competitors: Express Employment, Manpower, Kelly Services, Labor Finders

Staffing Industry Analysts predicts the US staffing industry will grow by 5% in 2025 to reach $198.3 billion. This growth is expected to be powered by lower inflation and interest rates that allow businesses to accelerate their growth compared to previous years. Regardless of economic conditions, the need for temporary employees to fill skills gaps and for permanent workers to fulfill longer-term business goals will remain stable.

Reasons for selling:

Franchise owner is downsizing locations.

Trading hours:

Monday-Friday, 8 am - 5 pm Eastern Time

Employees:
4
Years established:
19

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Our initial contracts are for 10-year periods with the ability to add on multiple units within that time frame. There are two occupied Spherion territories adjacent to the Port St. Lucie market, though there are other open territories nearby to purchase and expand your own staffing business.

Other Information

Support & training:

Our support is our signature: Our owner community across the country is collaborative, supportive, and helpful. Spherion franchisees include multigenerational groups, husband-wife teams, former Spherion corporate employees, former franchise employees, and entrepreneurs from all walks of life. A clear supermajority (98%) enjoy operating their business and being part of Spherion, while 100% are likely to recommend our franchise opportunity to others.**

You'll receive 380+ hours of comprehensive role-based training before and after opening. Periodic training addresses client development, legal requirements, marketing, and sales. You'll be supported by a dedicated portfolio leader who is available to answer questions and strategize with you, as well as by a national marketing team.

Spherion owners receive complete back office and technology support for all functions related to their temporary employees. We process employee payroll, including taxes, insurance, and benefits required by law. We invoice the clients, manage collections and application of payments as well as the W-2 process at the end of the year. Our corporate office maintains, supports, and troubleshoots all technology, eliminating the need for technical expertise and investment. Spherion's model allows you to focus on the business, not get lost in the business.

Our franchisees enjoy a full range of sales and marketing tools to help promote their business, including digital marketing, SEO & SEM support; sales collateral; print, radio, billboard, and online advertising; social media content; target account programs; direct mail campaigns; salary data; thought leadership research; and community giveback programs.

You'll enroll in our New Franchisee Launch program, a comprehensive training course that covers all aspects of opening a successful Spherion office. Plus, you'll receive ongoing support from a tenured team of professionals—from accounting, payroll, and technology to operations and marketing.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Please inquire wth the seller about possible buyer financing.

Furniture / Fixtures value:
$10,000
Related Documents: