Do you want to start a background check business by buying a franchise? If YES, here are 3 best background check franchise opportunities for sale and their cost. The Background Check Services industry comprises of companies that offer tenant and employment background screenings to consumers, landlords, corporations and other organizations.
Over the five years to 2019, the industry has performed well, rising at an annualized rate of 4.8% to $3.2 billion, with a growth rate of 3.4% expected in 2019 alone. Furthermore, the market size of the Background Check Services industry in 2019 is estimated at $3.2bn. This index was measured by the revenue gotten by the industry in the same year.
Businesses use background checks on job candidates to ensure that they do not have a criminal background. Increased hiring results would mean an increase in the number of companies requiring background checks. The national unemployment rate is expected to decline in 2019, representing a potential growth opportunity for the industry.
The advancement of a background check business would be based majorly on trust and confidentiality, as your clients should be able to trust you to keep a lot of the transactions you have with them confidential. You should know that even one breach of confidence can cost you your business reputation.
If you want to set up a background checking business and avoid making some nasty mistakes, it would be in your best interest to buy the franchise of a trustworthy and successful background checking business. Here are a few of them for you to consider.
3 Best Background Check Franchise Opportunities for Sale and Their Cost
Background Screeners of America
The Background Screeners of America is a background checking business that is based in the . This business franchise specializes on the provision of background screening for individuals, businesses and organizations. The mode of business transaction is mostly online based.
Background Screeners of America is a low cost, work from home business opportunity that costs $19,950. There are no royalties, and no profit sharing involved in the franchise. The cost of the business enables you to own your business and profits outright. There is no inventory requirement and your overhead is minimal (a phone and computer only are required). The company provides a thorough training package, as well as a dedicated training and support.
As a Background Screeners of America business owner, you will have the assistance of a back office team to help with background searches, marketing and getting clients to sign on the dotted line. Much of the training and support is designed to help you generate clients and cash flow.
- Total Investment: $19,950
- Cash Required: $19,950
Trusted Employees is yet another background screening business that offers franchise in the United States. Trusted Employees is a provider of tailored, compliant background check services for businesses, non-profits, and volunteer organizations. The company also offers background screening solutions for franchise businesses.
Running employment background checks is necessary, but it is a sometimes complicated step in the hiring process. Helping businesses stay compliant and find reliable talents that keeps them moving toward their goals has been the core mission of this company for the past 20 years.
Trusted Employees prides itself as an employment background check service that is easy, reliable, and thorough. Their background checks aren’t automated. They have real, experienced people who carefully design their background checks. Their team works diligently to make sure reports are accurate and up to date, so that your business can stay compliant.
ApplicantSafe is yet another trusted background screening company that offers franchise in the United States. ApplicantSafe is a leading provider of pre-employment screening, applicant tracking software, electronic I-9, and drug testing and assessment products.
ApplicantSafe products help employers avoid potentially disastrous personnel situations with thorough screening procedures. At ApplicantSafe, it’s about helping employers succeed by working together to achieve sustainable results that will help protect the company or organization.
ApplicantSafe was founded in May 2004, and it is affiliated with TenantSafe, which was created in 2001. ApplicantSafe began offering franchise unit and developer unit agreements in 2011. The company has grown its client base to nearly 3,000 clients.
- Liquid capital required $50,000
- Net worth required $200,000
- Investment$55,800 – $122,000
- Franchise fee $39,000