Spherion

Item 7 outlines an initial investment of $211,725 to $423,925, including a $40,000 franchise fee, with ongoing costs like 1.9% royalty on gross payroll and placements, 0.2% ad fund, plus per-salesperson CRM licenses at $90-$100 monthly and phone fees. Item 19 shines with average gross revenues of $5,643,748 and median $2,870,331 across units, suggesting top performers crush it in staffing volumes, but the median signals many hover lower—likely due to market dependency on temp labor cycles. Five SBA loans averaging $2,895,340 indicate scale for established operators, but defaults aren't broken out here.

System metrics flag caution: 210 locations in 2023 shrank to 189 in 2024 (-10% growth), despite 10 projected new units and 19 transfers signaling franchisee churn. This contraction bucks staffing sector expansion, possibly from economic slowdowns hitting temp hiring. For investors, high revenue upside rewards sales hustlers in business services, but low royalties (1.9% vs. 5-7% category norms) must offset territory competition and add-ons; median revenues imply $500K+ net profit potential for outliers, yet average franchisees face ramp-up risks in a maturing brand.