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FPC

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Cash Required

$65,000 (Minimum)

Total Startup Investment

$65,000 - $135,000

Net Worth Required

$200,000

Year Founded

1959

Franchising Since

1973

Franchising Locations

60

FPC (F-O-R-T-U-N-E Personnel Consultants) is an executive search business. Founded in 1959, FPC has been franchising for the last 45 years. FPC supports and trains its franchisees as they generate clients and to fill professional, managerial and executive jobs in the $100k-$300k income range. Franchisees are also trained and positioned to recruit, hire and develop high performing consultants, thus increasing fee revenue and supporting the long-term solidity and value of their businesses. 

  • Ranked by Forbes.com as a Top 50 Executive Search Organization in America
  • Franchise Business Review, an industry leading market research firm, ranks FPC a Top 50 Franchise in franchise owner satisfaction. 

What are the key benefits of owning an FPC franchise?

With FPC support and training, you can leverage your leadership, experience, sector knowledge and business contacts. As you learn to become a successful executive search consultant, you’ll also hire, manage, and develop your team of recruiters, with direct FPC support, which can be daily. 

Over 90% of owners renew their franchise agreements, underscoring the strong trust which exists between the FPC and its franchisees. 

There is also a strong culture of sharing job assignments; Franchisees often collaborate on assignments and split fees, which now average $32k per job filled.  

What is the FPC franchise business model?

The initial franchise fee is largely reinvested in training, technology, marketing and ‘hotline’ live, human support. Agreements are for 10 years and renewable at no charge. There is an 8% royalty on fees received and .5% (capped at $4k per year) contributed to a pooled fund for national advertising and public relations. 

Essentially, franchise owners' success is directly linked with FPC’s success. 

What franchise training & support programs does FPC National offer?

The FPC business development system is proven. Thousands of jobs have been filled over the years, generating an aggregated hundreds of millions of dollars in fees. When a client or candidate investigates FPC, they find great reasons to do business. 

New owners build their plans with FPC leadership, who have over 150 years of collective experience. When franchisees hire people to become consultants, FPC provides daily, hands-on training. There are ongoing office visits, regional and national meetings, video streaming and hands on ‘hotline’ human support, which can be daily if need be. 

What marketing support and programs does FPC National offer?

The FPC brand is promoted across many platforms, specifically on social media and through digital marketing to companies and top candidates. FPC builds new owners a tailored microsite to promote their credentials and areas of specialization.  

The typical day of a franchisee:

Morning -  Franchise and recruiters spend their morning marketing their services and introducing top candidates to leaders of potential clients. They invest time in training, making sure all hands are on deck and the whole team is focused on successful outcomes. They also collaborate with other offices on shared jobs and candidates. 

Afternoon - Afternoons are often spent finding, surfacing and reviewing job opportunities with top-performing candidates as well as introducing them to existing job opportunities. As owners and consultants fill jobs, their relationships with their clients often evolve into a trusted advisor role. Candidate references are interviewed. Each day ends with review, wrap-up and preparation for the next day and the building of a pipeline of opportunities.  

What are the costs, fees, and financing options?

The initial fee is $50k. There are no other fees. There are incentives and programs to help in funding this fee, e.g., it can be paid 50% up front and 50% year 2. There is an 8% royalty on fees received plus a .5% fee for a pooled advertising/PR fund, capped at $4,000 per year. Franchise agreements are ten years and renewable without charge. 

How much money can I make as an FPC franchisee?

FPC cannot make earnings claims legally, but it is reasonable to assume that most owners aim to make more than they did in corporate life, thus gaining the control of satisfaction and work-life balance. 

How long does it take to open an FPC franchise?

This can range, largely dependent on the franchisee leading from the front as a search consultant. Generally, it typically takes 1-2 months of preparation before the induction class. From there, it usually takes 3-6 months from launch to generate the first fee income: Fees average $32k each and overhead costs in a service business, like FPC, is much lower, relative to most other businesses. Franchisee effort can play an outsized role in the time it takes to break even and turn a profit. 

Also note, performance in any franchise cannot be predicted with absolute certainty and falls into making earning claims which the franchisor cannot make legally. But remember, over 90% of FPC owners have renewed their franchise agreements which goes a long way towards indicating franchise owner satisfaction. Many owners are in their 2nd or 3rd decade of ownership.

Do I need prior industry experience to open this franchise?

No, but franchisees should have a successful background in business, and possess strong communication and leadership skills, as well as an above average degree of emotional intelligence.

Does FPC franchise offer a veterans discount? 

Yes, we are pleased to offer 10% in recognition of service to our country. 

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