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Spherion Staffing & Recruiting

Well-established Staffing Agency In Greater Cincinnati For Sale

Cincinnati, Ohio, US
Asking Price:
$250K - $500K Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

This Spherion Staffing franchise resale presents an exceptional opportunity to take ownership of a well-established, highly-regarded staffing enterprise in the thriving Cincinnati metropolitan area. Since launching in 2016, the current owners have successfully grown the business, earning a commendable 4.6 Google rating by delivering top-tier staffing solutions across administrative, clerical, and light industrial and manufacturing sectors.

The territory covers Cincinnati and 13 surrounding counties in Ohio, Kentucky, and Indiana, providing access to a working population exceeding 1.14 million across the Cincinnati DMA. With a regional GDP of $186.1 billion, this area boasts a robust economy that catalyzes demand for staffing services, as evidenced by an estimated $929 million in staffing industry payroll.

This franchise has cultivated strong relationships with prominent local employers seeking dependable staffing partners. Prospective new owners can capitalize on an established book of business while benefiting from Spherion's brand recognition and comprehensive training and support. The office is strategically located close to Interstate 275 for easy accessibility in Cincinnati's northern suburbs.

New proprietors will acquire a turn-key operation, including the office's furnishings, equipment, and experienced staff willing to stay through a transition period if desired. There are no pending HR issues or litigation. With SPherion's extensive territory, ample growth opportunities exist for expanding this successful franchise's footprint across the tristate region's dynamic business landscape.

Quick Facts About the Spherion Cincinnati Opportunity:

Location: Cincinnati, Ohio (Hamilton County)
Includes Union, Butler, Warren, Dearborn, Hamilton, Clermont, Brown, Ohio, Boone, Campbell, Gallatin, Grant, Pendleton, and Bracken counties
Established in 2016
Industries served include administrative & clerical (15%) and light industrial and manufacturing (85%)
4.6 Google rating
Area Population (Cincinnati, OH-KY-IN DMA, 2020): 2.26 million
Working Population: 1.14 million
GDP (Cincinnati, OH-KY-IN 2022): $186.1 billion
SIA-estimated Temp Staffing Payroll: $929 million

About Spherion:

Our workforce solutions focus on temporary staffing, temp-to-hire, on-premise staff management and outsourced talent acquisition. While we specialize in light industrial, administrative, clerical, and professional IT placements, our team has the connections and insights needed to find the most capable employees for any company.

The average Spherion franchise owner generated more than $7.4 million in revenue and $1.6 million in gross margin in 2022.* Spherion owners benefit from the stability of protected, exclusive territories.

Spherion franchise owners enjoy a wide variety of responsibilities and daily activities. Our local office franchisees are typically the sales and client relationship drivers. They spend much of their time out of the office seeing prospects, visiting clients, touring customer sites, and networking within the business community. They oversee their staff, whose primary role is to recruit, screen, interview, and match suitable candidates with employer clients. As small business owners, franchisees manage their financial information while projecting growth and resolving issues.

Property Information

Real Estate:

Lease

Lease Terms:

3-year lease signed in Nov. 2023, 18 month option with 90 day notice to terminate early

Leasehold Rent:

$33,000 per annum

Location:

Spherion Cincinnati is located in the northern suburbs of the Cincinnati metro area, close to I-275.

Size in square feet:
2,000

Business Operation

Expansion Potential:

This sizeable territory offers abundant opportunities with a working population of approximately 1.14 million across the Cincinnati DMA. Cincinnati has experienced steady economic growth over the years. The city's diverse economy includes sectors such as manufacturing, finance, healthcare, retail, and logistics. This economic stability can provide a supportive environment for businesses like staffing agencies to thrive.
Cincinnati offers a range of business support services, including networking events, workshops, and resources provided by organizations like the Cincinnati Regional Chamber of Commerce. These services can help entrepreneurs connect, learn, and grow their staffing business. Cincinnati has a strong sense of community, and residents often prioritize supporting local businesses. The presence of universities like the University of Cincinnati and Xavier University in the area contributes to a skilled and educated workforce.
Ohio enjoys a diverse and resilient economy that drives steady job growth. The state's unemployment rate was 4.2% as of February 2023, slightly below the national average. Ohio is home to over 5.6 million workers with a median age of 39.5 years old. Anchored by the Cincinnati and Columbus metro areas, Ohio ranked 7th nationally for net domestic migration in 2022. The state's leading skilled professions include manufacturing roles like machine operators and assemblers, as well as fast-growing sectors like logistics, finance, and healthcare. In the 2021-2022 academic year, colleges and universities in the Cincinnati region like the University of Cincinnati and Xavier University produced over 20,000 new graduates.
Spherion offers dedicated support from franchise leadership to help business owners develop and execute a strategic plan that balances existing account management with growth strategies to expand the staffing franchise's footprint and achieve ownership goals.

Competition / Market:

While competition exists in Cincinnati's staffing industry, most staffing firms maintain single-digit market shares, leaving ample opportunity for a new Spherion franchise to establish strong client relationships. Staffing vendors play a critical role in supporting local businesses, with most companies utilizing multiple staffing suppliers to meet their workforce needs.
Staffing Industry Analysts predicts the US staffing industry (excluding nurse staffing segments) will reach $184.6 billion in 2024, with some industry segments seeing modest, single-digit growth. Spherion expects employers' stable demand for flexibility and scalability to continue fueling demand for our services. Robust candidate-client relationships and exceptional service backed by the resources of the world's largest talent company allow Spherion to cater to the ever-changing demands of America’s workforce.

Reasons for selling:

Owner is ready for their next chapter after a successful franchising career.

Trading hours:

Monday through Friday, 8 am - 5 pm Eastern Time Zone.

Employees:
4
Years established:
8

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

10-year initial commitment with option for 10-year renewals.

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.

Furniture / Fixtures value:
$3,000 - included in the asking price
Website:
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