About Management Recruiters International - Established Firm Franchise
Management Recruiters International is a long established executive search and recruiting franchise that has been franchising since 1965, backed by HireQuest, Inc.
This established firm program is designed for existing recruiting businesses that want to join the MRI network and benefit from its global brand, technology platform, and professional development resources without starting from scratch.
The franchise fee for this established firm program is $0, reflecting the value of bringing an existing, revenue generating recruiting operation into the network.
Management Recruiters International - Established Firm Franchise Cost & Fees
Minimum Investment
$2K
Average Investment
$8K
Maximum Investment
$15K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $0 | One-time payment upon signing |
| Royalty Fee | 1.0% 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 – $14,500 | Includes build-out, inventory, working capital |
The investment range of $2K–$15K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (1.0% 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 | Not specified as a separate fee, but fees for services/expenses may apply. |
| Audit Fee | Cost of Audit |
| Annual Service Fee | Connection: $24,000 annual fee; Customized: $36,000 annual fee; Consultative: $48,000 annual fee |
| Additional Optional Training Fees | 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 | six-week period |
| Classroom Training | 27 |
| On-the-Job Training | n/a |
| Training Location | Virtual |
| Additional Training | Access to training resources are offered via self-directed modules, online webinars and/or classroom training and are accessed through the MRINetwork Learning Management System (the “Path®”). These programs are optional, and you are not required to attend. Corporate sponsored workshops, meetings and events, such as the international Annual Owners’ Meeting, which is a mandatory event, CPP Programs (a role based MRINetwork skill certification designation achieved via study and testing) and Pacesetter (a rewards program) have registration fees associated with them, plus the participant’s travel and expenses. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Non-exclusive |
| Exclusive Territory | No |
| Territory Size | Not specified |
| Description | Franchisees receive a single site non-exclusive location. There are no minimum territorial rights, and franchisees can solicit and conduct business anywhere in the world. However, some existing members have 'legacy territories' with exclusive rights. Relocation into a legacy territory may require a supplemental royalty payment to the existing member. The franchisor and its affiliates reserve the right to use any channels of distribution and compete within any territory. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 3 years including any partial year |
| Renewal Term | Five years |
| Renewal Fee | Not specified as a separate fee, but fees for services/expenses may apply. |
| Renewal Conditions | Notice, compliance with Franchise Agreement, execute new Franchise Agreement that may have materially different terms and conditions than found in your original contract; execute a general release, a copy of which is attached as Exhibit E, comply with our then current training requirements and upgrade operations to our then current standards and methods. |
| Transfer Fee | $5,000 |
| Transfer Conditions | Includes our approval of new franchisee, your payment of a $5,000 transfer fee to us, new franchisee assumes all of your obligations under the Franchise Agreement and completes training program, and new franchisee executes new Franchise Agreement including any personal guarantees. |
| Termination for Cause | Violation of any confidentiality provision; bankruptcy; failure to pay sums you owe us; breach of Franchise Agreement. Defaults of obligations under the franchise agreement which include failure to pay any amounts when due and failure to comply with operational obligations set forth in the franchise agreement or operations manual. Defaults of obligations under the franchise agreement as defined in Sections 16.2.1 including insolvency, bankruptcy, and assignment to creditors; and in Section 16.2.2 including failure to attend training and open business, falsifying reports, understating net cash-in, unapproved relocation or transfer, misrepresentation, conviction or nolo contendre plea for felony or misdemeanor that MRI determines is damaging to the goodwill of the system, refusal to permit inspection and audit, unauthorized use of the trademarks, failure to comply with covenants in the agreement, multiple defaults of the agreement, termination of any other agreements with MRI or its affiliates. |
| Non-Compete Period | 24 months after termination |
| Non-Compete Details | During the term of the agreement, Member and any Principal(s) cannot divert business or participate in any substantially similar staffing placement industry business. After termination, for 24 months, Covenantor (Member1 and Member2) cannot divert business or participate in a similar staffing placement industry business within 50 miles of any MRINetwork Franchised Business. |
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. This individual must complete all required training and sign a Confidentiality and Non-Competition Agreement. If the franchisee is an entity, any shareholder with 50% or more ownership (or 10% if no single individual holds 50% or more) must sign a personal guaranty and agree to all Franchise Agreement obligations. All owners, members, shareholders, and employees with access to confidential information must keep it confidential. |
| Required Suppliers | MRI Contract Staffing is the only supplier of contract staffing services. |
| Supply Restrictions | You are required to enter into a Contract Staffing Agreement with HQ MRI Corporation... if you choose to offer contract staffing services, you may only do so through MRI Contract Staffing. |
| Franchisor Revenue from Suppliers | $0 (0% of total revenue from your required purchases) in 2021 |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | Yes |
| Description | Our affiliate HQ Financial Corporation offers limited financing to qualified franchisees for the purpose of financing your Franchised Business. Loans assist with the establishment of an MRI Franchised Business, and may be used to refinance existing indebtedness or fund initial franchise fees, deposits, and initial operating expenses. Eligibility requires a satisfactory credit rating, no outstanding obligations older than 30 days, and agreement to extend the Franchise Agreement term if necessary. Repayment is in equal monthly or weekly installments over the Franchise Agreement term, with a variable interest rate (Prime Rate + points). Security is required, including a security interest in trade accounts, notes receivable, and franchise rights. Prepayment is allowed without penalty. The franchisor reserves the right to approve or deny financing requests and may change or discontinue the program. |
Management Recruiters International - Established Firm Franchise Earnings — Item 19
Average Revenue
$29K
Median Revenue
$24K
Revenue Range
$196.34 – $189K
Sample Size
197 units
Past financial performance does not guarantee future results. Individual results will vary.
Management Recruiters International - Established Firm Litigation & Risk Flags
Clean Litigation RecordManagement Recruiters International - Established Firm 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 International - Established Firm System Growth
Total Units
205
Franchised
205
Company-Owned
0
Management Recruiters International - Established Firm currently operates 205 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 |
|---|---|---|---|
| 2020 | 4 | 36 | 265 |
| 2021 | 3 | 20 | 248 |
| 2022 | 6 | 49 | 205 |
Transfers: 2 | Closures: 49
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
$31.0M
Net Income
$12.5M
Total Assets
$103.3M
Audited by Plante & Moran, PLLC for year ending December 31.
Management Recruiters International - Established Firm Franchise — FAQ
The total investment to open a Management Recruiters International - Established Firm franchise ranges from $2,000 to $14,500, 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 International - Established Firm charges a royalty fee of 1.0% 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 International - Established Firm 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 International - Established Firm to ensure you have the most up-to-date version.
According to the Item 19 financial performance representation in their FDD, Management Recruiters International - Established Firm franchise owners report average revenue of $29K and median revenue of $24K. This is based on a sample of 197 units. Past performance does not guarantee future results.
Management Recruiters International - Established Firm has been franchising since 1965. The FDD shows an investment range of $2,000-$14,500, a 1.0% 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 $14,500 depending on location size and market. A minimum of $2,000 in liquid capital is required. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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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 International - Established Firm 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 International - Established Firm or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com