Nextaff Franchise Cost, Owner Salary & Profit 2024

Nextaff is a well-known name for finding a good staffing franchise, and this guide on Nextaff franchise cost is just what you need if you are looking to find out franchise details on this business.

What are the initial investment costs? What is the revenue and profit potential? Training and support? Keep on reading to find out answers to all these & many questions.

Nextaff Franchise

About Nextaff

Nextaff is a staffing franchise that was founded by Cary Daniel and James Windmiller in 2004.

The founders ran a staffing agency in 1998 and applied the lessons they learned during that time to open a staffing franchise concept.

After perfecting their franchise model, the founders came up with the X-Factor method, which used employee characteristics, strengths, skills, and weaknesses to match it with the ideal candidate for a job. And this is what gives their franchise owners an edge.

Currently, Nextaff is looking for qualified franchise candidates across the U.S. to expand their business.


Nextaff Franchise Model

Cost Or FeesAmount
Initial Investment       $121,838 – $156,938
FranchiseYES
Franchising Since2004
Franchise-Fee$49,000
Royalty-Fee8%
Liquidity$175,000
Estimated Outlets36

How Much Does It Cost To Open A Nextaff Franchise?

Cost To Open A Nextaff Franchise

The initial investment cost of opening a Nextaff franchise lies in the range of $121,838 – $156,938.

Additionally, Nextaff franchise owners are also required to pay $49,000 in franchise fees.

Compared to many other staffing agencies, the initial investment for Nextaff is pretty affordable.


Nextaff Franchise Requirements

The financial eligibility requirement for this franchise is not that high. To be eligible, the franchise candidates must have a minimum net worth of $250,000 and a minimum liquid capital of $175,000.

Additionally, the candidate must have a background in business-to-business (B2B) sales.

And if you want to run one of their specialized Technology and Healthcare divisions, then you must have a solid background in that particular industry as well.


Nextaff Overall Profit & Revenue

Nextaff has not made its company financials public, so we cannot point out how much revenue and profit the company has made in the past years.

However, looking at the performance of Nextaff franchises, we assume the numbers might be quite good.


How Much Does Nextaff Franchise Owner Make?

How Much Does Nextaff Franchise Owner Make

According to the information available on the company’s website, the top-earning Nextaff franchisees made $6,418,493 in average gross revenue in 2022.

And with an average gross profit margin of 23.33%, they made a gross profit of $1,555,147.

Compared to the initial investment, the ROI of this franchise is pretty amazing. Once you move forward with Nextaff’s franchise education process, you will be given access to their franchise FDD. This will allow you to access the complete finances of this franchise.


Payback Period Of Nextaff Franchise

Using the average initial investment of $139,388 and yearly gross profit of $1,555,147, we can find out how long it will take for you to pay back the initial investment amount:

Payback Period = Investment / Yearly Profit = $139,388/ $1,555,147= 0.08 months

Based on these figures, we can see that it will take you less than three months to repay your initial investment amount.


Nextaff Failure Rate

Franchised Outlets:

YearOutlets at the Start of the YearOutlets at the End of the YearNet Change
201687-1
2017710+3
20181014+4

For the Franchised outlets:

  • In 2017, the failure rate was (1)/8×100≈12.5%
  • In 2018, the growth rate was (3)/7×100≈42.85%
  • In 2019, the growth rate was (4)/10×100≈40%

Company-Owned Outlets:

YearOutlets at the Start of the YearOutlets at the End of the YearNet Change
2016000
201729290
20182952+23

For the Company-Owned outlets:

  • In 2016, the failure rate was (0)/0×100≈N/A
  • In 2017, the growth rate was (0)/29×100≈0%
  • In 2018, the growth rate was (23)/29×100≈79.31%

Total Outlets:

YearOutlets at the Start of the YearOutlets at the End of the YearNet Change
201687-1
20173639+3
20183966+27

For the Total outlets:

  • In 2016, the failure rate was (1)/8×100≈-12.5%
  • In 2017, the growth rate was (3)/36×100≈8.3%
  • In 2018, the growth rate was (27)/39×100≈69.23%

From the data mentioned above, we can see that Nextaff’s franchised outlets showed a failure rate of 12.5% in 2016. However, after that, the number of franchised outlets started increasing, showing a growth rate between 42.85% and 40%.

On the other hand, Nextaff showed no growth for the company-owned outlets in 2016 and 2017, but in 2018, it showed a 79.31% growth.

Overall, if we combine the data of the Nextaff franchise for both franchise and company-owned outlets, we can see that the Nextaff franchise showed a failure rate of 12.5% initially but then started growing by showing a growth rate of 8.3% to 69.23%.


Nextaff Training And Support

You do not have to worry about lacking industry experience and not getting training or support from the franchisor.

Once you are offered a franchise, Nextaff will give you a combination of classroom training.

The training will be given both online and at NEXTAFF headquarters, along with one more week of on-site training once your franchise location opens.

Apart from this, franchise owners will get full access to back-office support. This includes administration, marketing, payroll service for field employees, operation assistance, and much more.

You will be able to find more details about this in the company’s evaluation process.


Nextaff Terms Of Agreement And Renewal

Nextaff Terms Of Agreement And Renewal

The initial term of agreement of the Nextaff franchise is 5 years. This agreement gives you the right to hold the brand name and work as a Nextaff franchise for 5 years unless you breach the contract.

After the first five years, you will get the option to renew the franchise term if the franchisor is happy with your performance and if you comply properly.

To renew your franchise agreement, you might be required to pay a successor franchise fee.


Nextaff Obligations And Restrictions

Nextaff franchisee is obligated to attend the necessary training offered by the franchisor. They are not allowed to sell any other kind of product or service that Nextaff does not approve.

In addition, the franchisee has to offer all the services that are mentioned in the company’s franchise agreement.

However, there is a good thing for Nextaff franchisees. Those who want to run this business on a semi-absentee basis can do so after approximately 2-3 years working as an Owner/Operator, and depending on the volume of the business.


Nextaff Financial Assistance

Although the initial investment for the Nextaff franchise is not that high, those who lack the necessary funds might want to find out if Nextaff offers financial assistance.

Luckily, Nextaff has partnered with Benetrends, and it offers franchise funding to qualifying candidates.

Benetrends offers cost-effective, quick, and tailored funding solutions to help entrepreneurs start their dream business.


Nextaff Comparison

NameFranchise FeeRoyalty FeeInitial Investment
Sepherion$35,000N/A$214,325 to $342,575
Express Employment Professionals$40,000Zero$140,000 to $220,000
Nextaff$49,0008%$121,838 – $156,938

Wrap Up

Nextaff is an award-winning staffing franchise that you can definitely consider investing in.

Nextaff’s franchise cost is really low, and in return, it generates really good revenue, which makes it one of the best ROIs.

If you are interested in learning more about this franchise or want to apply for the same, then you can visit the company’s website.


FAQ’s

How Much Is The Franchise Fee For Nextaff?

The franchise fee of Nextaff is $49,000. And you are required to pay this amount at the beginning to buy the trademark right of the brand.

Who Owns Nextaff?

Nextaff is owned by co-founders Cary Daniel and James Windmiller.

How Many Nextaff Franchise Locations are There?

Nextaff currently has 36 locations, of which 26 are franchise-owned, and 16 are in development.

How Many Staff Members are Required to Run Nextaff Franchise?

You can run a Nextaff franchise office with minimal staff. Most of their franchisees start with one recruiter and one business development representative. And then they start adding more recruiters as the business grows.

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