Kenect Recruitment is growing at record levels, giving franchisees a fantastic opportunity to reap the rewards of increased revenues and profitability
Who would have thought that during a terrible global pandemic Kenect Franchising would have grown at such a rate in 2021?
With eight new franchisees joining the Kenect family so far this year, it believes there’s no better time to invest your future with the company.
The business was formed in 2012 amid a recession in the UK, with the sole intention of getting people into work and helping local businesses grow with the right employees.
Nine years on and the Kenect brand extends to many parts of the country, whether that be a franchised location or one that is wholly owned by Kenect.
Founder and managing director Jason Whittenham says: “Once we had established the brand and created a solid foundation, it seemed only natural that we expand. “We had built a strong and robust support function, which allowed us to offer a franchised model in the knowledge that we had the expertise within the business to help our new partners succeed.”
While many businesses have struggled over the past year, the recruitment sector has proved to be extremely resilient and as we ease ourselves out of lockdown to more normal life the need for staff is moving to a whole new dimension.
The Kenect business is growing at record levels, giving franchisees a fantastic opportunity to reap the rewards of increased revenues and profitability.
Anthony Johnston, franchisee for Kent, says: “Buying a franchise was a big jump for me, but Kenect has supported me every step of the way.
“Having only been operating for a few months, my business is growing well and making a good profit.”
The recruitment industry is hugely competitive. Therefore, Kenect knows that giving franchisees the tools and support to grow their business is paramount to their success.
That is where the company comes into its own. The Kenect back-office support function controls all things financial for franchisees, from payrolling the candidates and invoicing the customers to collecting the revenues, allowing them to focus their attention on providing a first-class service to their clients.
Agency principal model
Furthermore, Kenect operates an ‘agency principal model’ for all its franchisees.
This means there’s no more trawling around banks to get the best deal when looking to factor, as they use the Kenect facility to finance their payroll on a weekly basis.
This also allows franchisees to benefit from insured debt and fall under the umbrella of Kenect’s group insurances, saving substantial sums of money.
Many franchise opportunities require a significant investment with working capital. Not with Kenect.
Payment options are available to make it easier to afford buying a new territory without the need for potential franchisees to part with their life savings or take out large loans.
For the right people, Kenect also offers the opportunity to joint venture with the company.
You should expect revenues in the first year to be around £750,000, rising to around £1.2 million in year two.
At a glance
Number of franchised outlets:
8 (plus 13 owned)
Location of units:
Lancashire, Shropshire, Devon and Cornwall, Wiltshire and Bristol, Gloucestershire, Northamptonshire, Bedfordshire and Kent
£19,950 (plus VAT)
Minimum required capital:
David De Lacy Jones