How to Afford a Franchise: Making Your Business Ownership Dream a Reality

Have dreams of business ownership but franchise financing feels out of reach? The right tactics can help with franchise affordability and get you closer to your goals.

You’ve probably daydreamed about being your own boss, maybe during a long commute or while scrolling through franchise opportunities late at night. But just as quickly as the dream appears, so do the doubts: “It’s too expensive. I could never afford that.” 

If that sounds familiar, you’re not alone. Plenty of our franchisees started where you are now: with ambition, questions, fears, and a growing desire to build something of their own. Many of them assumed franchise ownership was financially out of reach, but with Spherion, they learned it was more achievable than they thought. 

In this guide, we’ll walk you through the real costs of owning a franchise and show you how to afford a franchise. From upfront fees to franchise funding options, we’ll break it all down so you can make informed decisions. At Spherion, we understand the financial journey, and we’re here to help you navigate it.

What does it cost to own a Spherion franchise?

Let’s start by talking numbers. The total franchise startup cost to open a Spherion franchise typically ranges from $211,725 to $423,925. That may sound like a big range—and it is—but it covers everything you need to launch your business with confidence. Part of that initial investment goes toward the franchise fee, which gives you access to payroll support, our back-end tech platform, one-on-one coaching, and extensive training. You’re also buying into a nationally respected staffing brand with a decades-long reputation for excellence.

Included in the initial investment is working capital to help cover expenses as your business ramps up: things like office setup, local marketing, early staffing needs, and operational costs. Technology tools and systems are part of the package too, and they’re essential for staying competitive from day one.

For a more detailed breakdown of the above, we recommend reaching out to Dan Brunell, our franchise development expert. He can walk you through it and help you request a copy of our Franchise Disclosure Document (FDD), which outlines the full financial picture.

Franchise financing options that can make ownership possible 

Now, on to the big question: How can you budget for a franchise? Well, when it comes to how to afford a franchise, you’ve got more options than you might think; many Spherion owners have used creative, flexible franchise financing to make their dream a reality.

Conventional bank loans: A franchise-friendly option

Small Business Administration (SBA) loans are a popular choice for franchisees, offering favorable terms, lower down payments, and longer repayment periods. With these, franchisees secure an SBA loan through an authorized SBA lender (such as a bank), and the SBA provides the bank a guarantee for a portion of the loan, incentivizing financial institutions to lend money to small businesses. Because Spherion is a well-established brand with a strong track record, we’re considered a safer bet by lenders, something that can work in your favor when applying.

And of course, you never go it alone with Spherion. We’ll provide you with a list of vendors who we’ve built strong relationships with, so you can rest assured that they understand staffing and our business model. These financing partners can streamline the process and help you find terms that fit your financial situation.

Alternative franchise funding paths

If you have a 401(k), you may be able to use those retirement funds through a Rollover for Business Startups (ROBS) plan without early withdrawal penalties or taxes. Home equity can also be an option, as long as it fits your risk comfort level.

Private funding possibilities

Some franchisees bring on angel investors, friends, or family to help fund their venture. These arrangements can be flexible but should be structured carefully.

Other programs that help you save

We also proudly offer 25% off the initial franchise fee for military veterans and qualified staffing professionals. Additional programs may be available depending on your location or background; we’ll cover all that during our initial chat!

Strategic financial planning for franchise ownership 

On your path to business ownership, it helps to have a roadmap. One of the best things you can do early on is create a personal financial plan with a realistic timeline. Whether your goal is to open in six months or two years, knowing what you need to save, spend, and secure will keep you on track.

Start by reviewing your current finances and identifying areas where you can trim expenses to budget for a franchise. Small lifestyle adjustments—like cutting back on subscriptions or dining out less often—can help you build up your savings faster without major sacrifice. Every dollar set aside brings you one step closer.

As you prepare, it’s also worth understanding the tax perks of business ownership. The franchise startup cost and ongoing expenses may be deductible, though we always recommend talking to a tax professional to get the full picture.

A strong business plan is another powerful tool. Not only does it clarify your strategy and vision, but it also strengthens your loan applications by showing lenders you’ve thought through the details of how to afford a franchise.

Finally, set a few financial milestones to hit before applying. These might include paying down personal debt, improving your credit score, or building a cushion of working capital. These small wins build your confidence, as well as your financial readiness for franchise ownership.

Taking advantage of Spherion's support systems 

As we’ve said, one of the biggest advantages of joining the Spherion franchise family is that you’re never in it alone. From day one, you’ll have access to tools, training, and resources designed to help you launch strong and grow quickly.

Onboarding that sets you up for success

Our onboarding program is thorough, practical, and focused on getting you to profitability faster. You’ll learn how to run your business, hire your team, market your services, and tap into the full power of the Spherion brand.

Marketing and operational support

You don’t have to be a marketing expert with us. Our support team provides proven campaigns and materials that help you connect with clients and job seekers, all while reducing your cost to acquire customers. Behind the scenes, our operational systems are built to improve efficiency, minimize administrative headaches, and keep overhead low.

Revenue from day one

With access to our national accounts program, you can begin generating revenue right away by serving established clients in your market. It’s a great way to gain momentum while you grow your local book of business.

Ongoing learning and community

Training doesn’t stop after launch. We offer continued education through internal resources, and you’re encouraged to attend external trainings that support your goals. You’ll also join a community of franchisees who share insights, ideas, and referrals.

Creating your action plan 

If you’re excited about the idea of owning a Spherion franchise but unsure where to start, the first step is simply understanding where you stand financially today. Our team can guide you through assessment resources to evaluate your current financial position, including your credit, savings, and available assets. This quick check-in can help you identify your strengths and see where you might need to do a little prep work before applying for franchise financing.

Want to keep learning? We’ve also gathered helpful materials on franchise financing—from SBA loan basics to alternative franchise funding strategies—so you can get familiar with your options and build confidence as you go.

Most importantly, don’t wait until everything is “perfect” to start planning. Plenty of successful franchisees began with limited funds but a clear vision, smart financial habits, and the willingness to work toward their goals. Whether you’re ready to launch this year or just beginning to explore the idea, the key is to get started.

Ready to take the first step?

Owning a Spherion franchise is an achievable goal for driven individuals who are ready to take control of their future. With a range of franchise financing options, a proven business model, and ongoing support, franchise ownership is more accessible than many people think.

Beyond just starting a business, becoming a Spherion franchisee opens the door to long-term growth and wealth-building potential. You’re  investing in a brand with national recognition—but you’re also investing in yourself, your community, and a future with more freedom and flexibility.

Ready to learn more? Reach out to Dan Brunell, our franchise development expert, who can answer your questions and help you request a copy of our Franchise Disclosure Document. Whether you're still exploring or preparing to launch, we're here to support your journey.

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