It is suggested that prospective franchisees will need approximately $100,000 to $150,000 of working capital available prior to investing in an Extrastaff franchise. This amount covers the both the cost of the initial Franchise Establishment Fee and more importantly the setup and running costs associated with starting a business.
Please note, the actual amount of working capital needed will vary from franchisee to franchisee depending upon the location of the franchise and their specific business plan. At all times, the management, use and control of the working capital lies with the franchisee.
The initial Extrastaff Franchise Establishment Fee is $30,000 and franchisees have the option of paying the full amount upfront or $15,000 upon signing of the Franchise Agreement and the balance in 12 equal monthly instalments.
As part of our evaluation of prospective franchisees we will discuss an example Extrastaff Franchise Budget to give a clearer insight into the costs/benefits of starting an Extrastaff franchise. (please note - the figures in the example budget should be considered as an illustration only. They do not constitute any form of warranty that the income or earnings illustrated can or will be achieved and do not form part of any contractual obligation with the franchisor. It is strongly encouraged that prospective franchisees will consult their own accountant and other professional advisors and form their own opinion in regard to income or earning potential).