HireQuest is a franchisor of temporary staffing and permanent placement offices. Rather than operating staffing offices directly, HireQuest licenses its brands and systems to independently owned franchisees, who run the offices, hire temporary workers, and serve customers. HireQuest's core brands include HireQuest Direct (daily-dispatch construction and light industrial work), Snelling (light industrial and administrative placements), DriverQuest (commercial drivers), TradeCorp (skilled trades), and HireQuest Health (healthcare staffing). In January 2026, HireQuest divested the permanent placement portion of its MRINetwork brand, retaining only the contract staffing piece and a 40% minority stake in the new entity. HireQuest earns royalties on franchisee gross sales or funded payroll — it does not bear the revenue or cost risk of running staffing offices directly. Royalty rates vary by brand, ranging from roughly 4.5% of funded payroll plus a share of gross margin to 6–8% of gross temporary labor sales. A key element of the model is that HireQuest owns franchisee accounts receivable, effectively providing working capital financing to franchisees by purchasing their receivables. HireQuest also provides franchisees access to its group workers' compensation insurance program. The corporate cost structure is lean, with roughly 88 employees providing back-office support to the entire franchise network. For growth, HireQuest acquires existing staffing operations, converts them to its franchise model, and signs franchise agreements with the acquired locations — turning acquired volume directly into royalty-generating relationships.
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