HireQuest Franchise FDD, Profits & Costs
HireQuest Inc. is a leading staffing franchisor in the U.S. The company specializes in temporary workforce solutions and professional recruiting services. It was founded in 1991 when Rick Hermanns and Dan McAnnar became franchise business owners in the staffing industry.
HireQuest has grown significantly over the years. In 2002, HireQuest LLC was established to manage its expanding network. The company is headquartered in Goose Creek, South Carolina.
HireQuest began franchising in 1998. It introduced the Trojan Labor and Acrux brands to serve the light industrial and skilled labor markets. The company provides staffing solutions across multiple industries, including construction, healthcare, hospitality, CDL/non-CDL driving, and disaster restoration.
Through its brands—HireQuest Direct, Snelling, TradeCorp, MRINetwork, HireQuest Health, and DriverQuest—it offers temporary and direct-hire staffing. This ensures businesses have access to skilled professionals tailored to their needs.
Initial Investment
How much does it cost to start a HireQuest franchise? It costs on average between $45,000 – $146,000 to start a HireQuest franchised facility.
This includes costs for office setup, staffing software, licensing, and initial operating expenses. The exact amount depends on various factors, including the type of staffing services offered, the location, and whether the franchisee chooses to lease or purchase the office space.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $2,500 to $25,000 |
| Real Property | $800 to $2,250 |
| Leasehold Improvements, Furniture, Fixtures | $2,000 to $15,000 |
| Equipment | $3,000 to $5,000 |
| Opening Advertising | $2,500 to $5,000 |
| Training Expenses | $1,500 to $2,500 |
| Start-up Supplies | $200 to $1,000 |
| Insurance | $1,000 to $5,000 |
| Utility Deposits | $200 to $3,000 |
| Professional Fees | $300 to $4,000 |
| Business License | $150 to $2,000 |
| Additional Funds (12 months) | $30,000 to $75,000 |
| Software | $1,000 |
| TOTAL | $45,150 to $145,750 |
HireQuest Franchise Disclosure Document
Frequently Asked Questions
What funding options are available for a HireQuest franchise?
Most franchise buyers in HireQuest’s investment range finance their unit through an SBA 7(a) loan, with some multi-unit operators using SBA 504 loans for real estate. Buyers with rollable retirement funds sometimes use a ROBS structure to reduce debt service. See SharpSheets’ financial model hub for funding guidance.
How long does it take to pay back a HireQuest franchise investment?
Payback periods for franchises in HireQuest’s category typically run 3-7 years, depending on investment level, location performance, and financing structure. Actual payback varies significantly by unit performance and debt service obligations.
Who owns HireQuest?
HireQuest franchise is owned by HireQuest Inc., a publicly traded company listed on Nasdaq under the ticker symbol HQI.
SharpSheets Editorial Team | sharpsheets.io | Last Updated: June 2026
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