- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$61K - $129K
- Units as of 2024
-
180 14% over 3 years
Company Overview
About Global Recruiters Network
| Industry | Business Services |
|---|---|
| Related Categories | Staffing/Recruiting |
| Founded | 2003 |
| Parent Company | RFB Holdings Inc. |
| Leadership | Brad Baiocchi, CEO |
| Corporate Address |
200 S. Wacker Dr., #1300 Chicago, IL 60606 |
| Social | Facebook, LinkedIn |
Business Overview
| Franchising Since | 2003 (22 years) |
|---|---|
| # of employees at HQ | 24 |
| Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises worldwide. |
| # of Units | 180 (as of 2024) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Global Recruiters Network 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
|
$50,000 |
|---|---|
|
Initial Investment
|
$61,250 - $128,550 |
|
Net Worth Requirement
|
$400,000 |
|
Cash Requirement
|
$150,000 |
|
Royalty Fee
|
10%-2% |
|
Term of Agreement
|
10-20 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.
| In-House Financing | Global Recruiters Network offers in-house financing to cover the following: inventory, accounts receivable |
|---|---|
| Third Party Financing | Global Recruiters Network has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, payroll |
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 | 170.5 hours |
|---|---|
| Classroom Training | 110.15 hours |
| Ongoing Support |
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Social Media
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
Yes |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 1-5 |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Global Recruiters Network landed on this year's Franchise 500 Ranking versus previous years.
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