Profitable Staffing Agency in Cincinnati, Ohio!

Cincinnati, OH
Asking Price:$749,000
Established Year:2016
BUSINESS DESCRIPTION

Raise Your Earning Potential with the Most-Awarded Staffing Franchise

Get a head start on owning your own business by taking over this profitable staffing agency with a BIG book of existing business! Spherion Staffing & Recruiting is a nationwide network of staffing and recruiting offices with superb corporate support and a well-regarded brand. This Cincinnati-based franchise resale presents an exceptional opportunity to take ownership of a well-established staffing office in the thriving Cincinnati metropolitan area.

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
- Low franchise fee of $40,000 with discounts for veterans, minorities, and staffing professionals

Since launching in 2016, the current owners have successfully grown the business, earning a 4.7/5 Google rating by delivering top-tier staffing solutions across administrative/clerical and light industrial/manufacturing sectors.

The office is strategically located close to Interstate 275 for easy accessibility in Cincinnati's northern suburbs. You'll 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 extensive territory, you have room to expand this successful franchise's footprint across the tristate region's dynamic business landscape.

Territory information:
- Cincinnati and 13 surrounding counties in Ohio, Kentucky, and Indiana.
- Working population exceeds 1.16 million across the Cincinnati DMA (Census Reporter).
- Regional GDP of $157 billion (as of 2022), this area boasts a robust economy fueled by healthcare, manufacturing, and logistics.
- Estimated $28 million staffing industry payroll (Staffing Industry Analysts, 2023).

This franchise has cultivated stable relationships with prominent local employers seeking dependable staffing partners. Capitalize on an established client roster while benefiting from Spherion's strong brand recognition and comprehensive training/support.

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 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, 2023


ATTACHED DOCUMENTS
Spherion Investment Details.pdf Download
Spherion Staffing One-Pager.pdf Download

DETAILED INFORMATION
Location
Cincinnati, OH
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,000
Lease Expiration
01/11/2026
Employees
3
Facilities
4 laptops, 2 printers, 6 desks, 2 conference tables and chairs, lobby furnishings, 15 chairs, 12 office chairs
Competition
This territory is home to 1.14 million workers. The area boasts more than $929M in temp help spending with an estimated 15-20% of area jobs being temp positions. Staffing vendors are critical to businesses, so most use multiple suppliers. This leaves the door open for a Spherion owner to steal market share. SIA predicts the US staffing industry (excluding nurse staffing) will reach $189 billion in 2024 with additional growth of 5% in 2025. Spherion expects employers' demand for flexibility and scalability to continue fueling demand for our services.
Growth & Expansion
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.
Support & Training
Our support is our signature: 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.
Reason for Selling
Owner is ready for their next chapter after a sucsessful career in franchising.
Franchise
This business is an established franchise
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Dan Brunell
Spherion
Dan Brunell