About Management Recruiters for Established Firms Franchise
MRINetwork (Management Recruiters International) is a staffing and executive recruiting franchise that has been operating since 1993 under MRI Network Holdings, LLC.
The Established Firms offering is designed for existing recruitment businesses looking to join the MRINetwork brand, providing permanent placement and contract staffing services to companies seeking administrative, technical, managerial, professional, and sales talent.
The franchise fee is $0 for this established firm conversion, making it an accessible opportunity for experienced recruiters to gain the support of a national brand.
Management Recruiters for Established Firms Franchise Cost & Fees
Minimum Investment
$2K
Average Investment
$12K
Maximum Investment
$22K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $0 | One-time payment upon signing |
| Royalty Fee | Connection: $24,000 annual fee plus 1% on Net Cash-In; Customized: $36,000 annual fee plus 1% on Net Cash-In; Consultative: $48,000 annual fee plus 1% on Net Cash-In (minimum annual service fee applies regardless of Net Cash-In) of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | 0.5% of Net Cash-In | National brand fund |
| Total Investment Range | $2,000 – $22,200 | Includes build-out, inventory, working capital |
The investment range of $2K–$22K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (Connection: $24,000 annual fee plus 1% on Net Cash-In; Customized: $36,000 annual fee plus 1% on Net Cash-In; Consultative: $48,000 annual fee plus 1% on Net Cash-In (minimum annual service fee applies regardless of Net Cash-In)) and marketing fee (0.5% of Net Cash-In) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $0 | $0 |
| Initial Service Fee Installment | $2,000 | $4,000 |
| Business Insurance | $0 | $3,000 |
| Professional Services | $0 | $2,500 |
| Additional Misc. Expenses and Funds (1 month) | $0 | $5,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $5,000 |
| Renewal Fee | $0 |
| Audit Fee | $1,000.00 minimum |
| Additional Optional Training Fee | Varies |
| Annual Owners’ Meeting | Varies |
| Interest | Lesser of 1.5% per month or maximum amount allowed by law. |
| Insufficient Funds Fee | $50 per occurrence or an amount equal to what we are charged by the bank, whichever is greater. |
| Late Fee | $50 per week |
| National Vendor Accounts | Varies based on services purchased |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 27 hours over a six-week period |
| Classroom Training | 27 |
| On-the-Job Training | n/a |
| Training Location | Virtual |
| Additional Training | Additional training programs are offered as part of the royalty fee, including self-directed modules, online webinars, and classroom training via the MRINetwork Learning Management System. These programs are generally no-charge unless third-party materials or licensing are involved, in which case actual costs may be passed on. Corporate-sponsored workshops, meetings, and events (e.g., Annual Owners’ Meeting, CPP Programs, Pacesetter) have registration fees plus participant travel and expenses, which vary based on venue and program length. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Non-exclusive |
| Exclusive Territory | No |
| Description | Members receive a single site non-exclusive location. MRI can sell additional franchises within the geographic area of your location and may compete with franchisees through its own outlets or other channels. There are no restrictions on soliciting customers worldwide. Relocation requires MRI's written approval and may be denied if it violates an existing legacy territory. Relocating to a legacy territory may require a supplemental royalty payment to the existing member. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | Five years |
| Renewal Term | Five years |
| Renewal Fee | $0 |
| Renewal Conditions | Member must be in full compliance with the agreement, have paid all fees, not have received three or more default notices, completed all required training, and execute a general release of claims and a new franchise agreement (which may have different terms). |
| Transfer Fee | $5,000 |
| Transfer Conditions | Approval is conditioned upon payment of all owed fees, no defaults, payment of transfer fee, execution of a release, transferee meeting qualifications, and execution of a new agreement. |
| Termination for Cause | Defaults include failure to pay amounts when due, failure to comply with operational obligations, insolvency, bankruptcy, falsifying reports, abandonment, understating net cash-in, unapproved relocation or transfer, misrepresentation, felony conviction, refusal to permit inspection/audit, unauthorized use of trademarks, and multiple defaults. |
| Non-Compete Period | During the term of this Agreement |
| Non-Compete Details | Prohibits owning or operating a business providing similar services within the staffing placement industry (NAICS codes 561311, 561312, 561320). Interoffice referrals with staffing professionals outside the MRINetwork are permitted. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | A General Manager, who may be the franchisee or an appointed person, must directly supervise the franchised business on its premises. The General Manager must attend and complete all required training and sign a Confidentiality and Non-Competition Agreement. The General Manager is not required to be a shareholder in the franchised business. |
| Required Suppliers | The franchisor may identify various “required suppliers.” MRI Contract Staffing, LLC is the only supplier of contract staffing services. Franchisees are also required to purchase business insurance and Internet services, but no specific supplier is identified for these. |
| Supply Restrictions | If you choose to offer contract staffing services, you must use MRI Contract Staffing, LLC. If the franchisor designates an approved vendor as the sole source of a good or service, you must use that vendor unless waived in writing. |
| Franchisor Revenue from Suppliers | $0 (MRI's direct revenue from required purchases). Affiliates, MRI Contract Staffing, LLC and BCC Media Group, derived $68,882,033 and $283,274 respectively from sales to MRI members in 2021. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | We do not offer direct or indirect financing. We do not guarantee your note, lease, or obligations. |
Management Recruiters for Established Firms Franchise Earnings — Item 19
Management Recruiters for Established Firms does not make an Item 19 financial performance representation in their FDD. This means they do not disclose revenue, profit, or earnings data for franchised locations. Before investing, ask the franchisor directly for franchisee contact information so you can speak with existing owners about their actual financial performance.
Management Recruiters for Established Firms does not include an Item 19 financial performance representation in their FDD. Contact information for current and former franchisees is listed in Item 20 of the FDD.
Management Recruiters for Established Firms Litigation & Risk Flags
Clean Litigation RecordManagement Recruiters for Established Firms has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Management Recruiters for Established Firms System Growth
Total Units
248
Franchised
248
Company-Owned
0
Management Recruiters for Established Firms currently operates 248 franchised locations and 0 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2019 | 11 | 36 | 297 |
| 2020 | 4 | 36 | 265 |
| 2021 | 3 | 20 | 248 |
Transfers: 5 | Closures: 92
State Registrations
Registered in 14 states: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, Wisconsin
Franchisor Financials (Item 21)
Revenue
$75.4M
Net Income
$1.9M
Total Assets
$14.9M
Audited by Daszkal Bolton, LLP for year ending December 31, 2021.
Management Recruiters for Established Firms Franchise — FAQ
The total investment to open a Management Recruiters for Established Firms franchise ranges from $2,000 to $22,200, per their Franchise Disclosure Document. This includes the initial franchise fee of $0. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Management Recruiters for Established Firms charges a royalty fee of Connection: $24,000 annual fee plus 1% on Net Cash-In; Customized: $36,000 annual fee plus 1% on Net Cash-In; Consultative: $48,000 annual fee plus 1% on Net Cash-In (minimum annual service fee applies regardless of Net Cash-In) of gross sales, plus a 0.5% of Net Cash-In contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Management Recruiters for Established Firms Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Management Recruiters for Established Firms to ensure you have the most up-to-date version.
Management Recruiters for Established Firms does not provide an Item 19 financial performance representation in their FDD, which means they do not disclose franchisee revenue or earnings data. Prospective investors should contact existing franchisees directly (listed in Item 20 of the FDD) to gather real-world financial performance information.
Management Recruiters for Established Firms has been franchising since 1993. The FDD shows an investment range of $2,000-$22,200, a Connection: $24,000 annual fee plus 1% on Net Cash-In; Customized: $36,000 annual fee plus 1% on Net Cash-In; Consultative: $48,000 annual fee plus 1% on Net Cash-In (minimum annual service fee applies regardless of Net Cash-In) royalty, and includes an Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $0 and the total investment ranges from $2,000 to $22,200 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
Similar Business Services Franchises
Interested in Management Recruiters for Established Firms?
Get free info on this franchise. We will send you a detailed FDD report by email.
Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Management Recruiters for Established Firms and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Management Recruiters for Established Firms or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com