- 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.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to MRINetwork.
TruBlue Home Service Ally
- description
- Home repairs and maintenance, and home modifications for seniors
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
After Months of Scrutiny, Roark Capital Finalizes $9.6 Billion Subway Acquisition
The sale, initially announced in August 2023, was delayed by Federal Trade Commission scrutiny.
Location Is Everything — Especially in Franchising. These Are the Territory Rules You Need to Know.
In the franchising world, one of the most significant business model decisions you'll make is whether to buy a location-based brick-and-mortar brand or a service-based brand. Based on this decision, the rules around franchise territories change. Here's what you need to know.
What the NLRB Appeal of the Expanded Joint Employer Rule Judgment Means for Your Business
With this action by the NLRB, the once-dead expanded rule could be resurrected by a federal appeals court. Here's what to do to protect your business.
Burger King Makes a $300 Million Investment in Modernizing Its Restaurants — See the Updated Look Here
The fast-food giant is set to revamp 1,100 of its U.S. locations, signaling a significant next phase in its ongoing "Reclaim the Flame" initiative.
Build Your Entrepreneurial Dream with the Top Home Improvement Franchises in 2024
Whether you're a design enthusiast or a veteran contractor, turn passion into profit and explore the best home improvement franchises.
President Biden Just Vetoed a Franchise-Saving Resolution — Here's What You Can Do to Protect Your Business
President Biden's veto of the repeal of the expanded Joint Employer Rule leaves many uncertainties for the franchise industry. Here's how to protect your business.