Do You Have An Eye For Talent? Start a Recruitment Franchise.

06/08/2018 17:00 | Start a business

Recruitment management franchises

If you think you’ve got what it takes to identify unrealised talent, nurture it to its full realisation, and then direct it towards a suitable outlet, you may want to consider starting a recruitment franchise. Though there are numerous different franchises in this sector, we’ve chosen two that we believe are particularly promising. Both Driver Hire and CNA International are established franchises with a reputation for excellence and exemplary performance records.

What recruitment franchises are there in the UK?

Driver Hire

Driver Hire franchise
Driver Hire

For an established and successful management franchise with low fixed costs and average earnings in excess of [...]

£35,000 Minimum investment
Business & B2B Services
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Established in 1987, Driver Hire has gone from strength to strength over the past 30 years, growing to encompass a franchise network of over 100 units across the UK. The franchise has won the HSBC ‘Franchisor of the Year’ award five times. In the 2017/2018 financial year, Driver Hire’s average franchise unit turnover was three times the UK average.

Franchise basics
Driver Hire is a management and recruitment franchise that specialises in driver recruitment and staffing for businesses in a wide array of industries. It supplies qualified and capable drivers, as well as logistics staff, to both the public and private sectors. Whether it’s international haulage, distribution drivers, governmental authorities, or parcel delivery, Driver Hire can supply any organisation with the drivers they need to get the job done. By ensuring that they've got a diverse range of skilled drivers at their disposal, Driver Hire has developed a reputation for excellent service, reliability, and trustworthiness.

Minimum investment required
To become a franchisee, applicants will need to raise a minimum initial investment of £40,000. However, the franchise does run a tiered investment scheme that allows you to up your level of investment for greater perks and benefits. Franchise resales are also a popular means of acquiring a franchise, though the price for a resale unit can vary drastically depending on its historical performance, potential, and market size. In the past, franchise resales have been bought for as little as £40,000 and as much as £500,000.

What you get in return for your investment
In return for your investment, franchisees are provided with pre-launch franchise support, marketing materials, with advice on how to use them, and six weeks of basic training. This ensures that you’re absolutely 100% prepared for your franchise unit’s opening and know what challenges to expect with the business. Franchisees also receive financial planning assistance that will help you plot a path through the first three years of business and calculate how much working capital is required to get the unit up and running. Ongoing guidance and advice are provided by the central franchising team, and every franchisee is equipped with all the tools and equipment required to operate Driver Hire's unique business model.

What kind of franchisee is Driver Hire looking for?
Driver Hire isn't necessarily looking for individuals with experience of the transport or logistics industries. Instead, they want applicants who demonstrate excellent people management skills, who are able communicators, and who are self-motivated and ambitious.

CNA International

Founded in 1992 by Albert Wilde, CNA International now operates in 20 countries and has more than 50 global offices, including franchise sites in India, the USA, and Central & Eastern Europe. They are currently looking to establish franchise partnerships in several different regions, with an emphasis on the UK, Germany, France, Spain, individual states within the USA, the Middle East, and various South American nations.

Franchise basics
CNA International is a recruitment franchise with a difference. Rather than using job boards or other types of traditional recruitment strategies, they utilise their years of accumulated expertise and experience to headhunt the most talented professionals their clients could hope for. Using a custom methodology – known as Candidate Aspiration Based search (CABs) – that was designed by the organisation’s founder and refined over years of operation, the franchise is unique in its field and remains one of the world’s most sought after recruitment specialists. The organisation’s constant innovation has ensured it’s always one step ahead of the game and continues moving forward with determination and vision.

Minimum investment required
If you’re considering owning a franchise, you’ll need to raise a minimum initial investment of £36,000. CNA International is also attempting to find suitable individuals who are willing and able to take on the role of master franchisee in several new markets. This is a relatively low startup cost, particularly when you compare it to other franchise companies in similar industries and especially when you consider that franchisees can expect to earn a gross profit of £100,000 per annum.

What you get in return for your investment
In return for your investment, franchisees will receive full training and ongoing support and guidance from the experienced franchisor management team. CNA argues that a condensed two-week training programme (which is how they used to deliver their training) is counter-productive and not the best way to prepare franchisees for their new roles. Consequently, franchisees undergo training for the duration of their franchise contract, with regular workshops, lectures, and seminars organised to ensure that you understand exactly what’s expected of you. Franchisees will also be granted access to the franchise’s digital systems and can work from home.

What kind of franchisee is CNA International looking for?
CNA International is looking for individuals who demonstrate a willingness to learn, a desire to succeed, specialist industry expertise, a wide array of contacts, and the ability to independently finance your business for at least six months.

Conclusion
Both CNA International and Driver Hire are fantastic franchise investment opportunities. Both are widely respected in the recruitment industry, and both are excellent examples of how the franchise model can be used to facilitate incredible growth and expansion. However, there are many differences between the two, and both franchises are searching for slightly different applicants. To make an informed decision about which franchise suits you best, it will be necessary to conduct some thorough research, contact the franchisors, and speak to existing franchisees.

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