FAQs

Below you'll find the most frequently asked questions about opening and successfully running an FPC franchise. If you have additional questions or need clarification on any topic, please contact Steve Margalit, Director of Franchisee Development: smargalit@fpcfranchise.com or 212.302.1141 extension 803.

Initial Set-Up Costs

Initial set-up costs include a one-time franchise fee, furniture for small office space, laptop computers, software subscriptions (additional to those included in the initial franchise fee), a VOIP phone system, and insurance coverage. For more information, please contact Steve Margalit, Director of Franchisee Development (212-302-1141 Ext. 804) for a no-obligation exploratory call.

Revenue Opportunity

Executive recruiters typically charge the hiring company a percentage of a new hire’s first year salary.  Industry standard for most searches is in the 20-30% range.  Searches can be conducted on a contingent basis, or retained (money down) basis.  Other opportunities include FPC’s robust Exchange Network for sharing jobs and candidates, as well as contract staffing for temporary assignments.

Are there defined geographic territories typically assigned to FPC recruiting franchises?

Yes.  A territory for your physical place of business is granted for a specific area, typically delineated by zip codes, county lines or highways.  However, you may fill job orders inside or outside your territory.

How long does it take to get up and running as a functioning franchise?

Typically, after our training period is completed, the new franchise will have everything it needs to successfully operate. In today’s fast-paced, high-demand talent market, hiring companies need access to talented people.

Do FPC franchises work together to find and source candidates?

Yes.  FPC’s Exchange Network provides a forum for FPC owners and their recruiters to share job orders and qualified candidates with other offices for split placement fees.  Historically, it has been very effective as an additional resource to continue to deliver best in class service to your clients.

Is financing available?

Yes. The company will finance a portion of the franchise fee.

Can I use my retirement funds to finance the out of pocket costs without penalty and taxes?

Yes. We partner with an external firm that will guide you on how to use your retirement funds to start your new business with favorable tax benefits.