- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$67K - $100K
- Units as of 2016
-
555
Company Overview
In 1999, the company acquired British staffing franchisor Humana International, giving it a large presence in Europe. To reflect this expanded reach, in 2000, Management Recruiters International changed its name to MRI Worldwide.
About MRINetwork
Industry | Business Services |
---|---|
Related Categories | Staffing/Recruiting |
Founded | 1957 |
Parent Company | CDI Corp. |
Leadership | Jill Albrinck, CEO |
Corporate Address |
1735 Market St., #200, 2nd Fl. Philadelphia, PA 19103 |
Social | Facebook, Twitter |
Business Overview
Franchising Since | 1965 (59 years) |
---|---|
# of employees at HQ | 67 |
# of Units | 555 (as of 2016) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a MRINetwork franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$40,000 |
---|---|
Initial Investment
|
$66,635 - $99,785 |
Net Worth Requirement
|
$300,000 |
Cash Requirement
|
$100,000 |
Veteran Incentives
|
20% off franchise fee |
Royalty Fee
|
9-3% |
Ad Royalty Fee
|
0.5% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | MRINetwork has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, accounts receivable |
---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 2 weeks, ongoing |
---|---|
Classroom Training | 2 weeks |
Ongoing Support |
Newsletter
Meetings & Conventions
Lease Negotiation
Field Operations
|
Marketing Support |
National Media
Regional Advertising
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
# of employees required to run | 1 |
Are exclusive territories available?
|
No |
Franchise 500 Ranking History
Compare where MRINetwork landed on this year's Franchise 500 Ranking versus previous years.
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