Start-Up Costs and Fees |
||
| MRI Worldwide | Essential Pros | |
| Investment | 66635 - 99785 | 120850 - 201000 |
| Franchise Fee | ||
| Royalty Fee | 9%-3% | up to 5.5% |
| Advertising Fee | 0.50% | 0.50% |
| Year Founded | 1957 | 2018 |
| Year Franchised | 1965 | 2019 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| MRI Worldwide | Essential Pros | |
| Experience | Industry experience Sales/sales management background preferred | |
Financing Options |
||
| MRI Worldwide | Essential Pros | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| MRI Worldwide | Essential Pros | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | International franchisees required to buy multiple units/master licenses; 2% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 4 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| MRI Worldwide | Essential Pros | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | 0 | |
| International Expansion | Asia, Australia,New Zealand, Eastern Europe, South America, Western Europe, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| MRI Worldwide | |
| Essential Pros | |
| Franchise Fee | |
| MRI Worldwide | |
| Essential Pros | |
| Royalty Fee | |
| MRI Worldwide | 9%-3% |
| Essential Pros | up to 5.5% |
| Advertising Fee | |
| MRI Worldwide | 0.50% |
| Essential Pros | 0.50% |
| Year Founded | |
| MRI Worldwide | 1957 |
| Essential Pros | 2018 |
| Year Franchised | |
| MRI Worldwide | 1965 |
| Essential Pros | 2019 |
| Term Of Agreement | |
| MRI Worldwide | 10-20 years |
| Essential Pros | |
| Renewal Fee | |
| MRI Worldwide | |
| Essential Pros | |
Business Experience Requirements |
|
| Experience | |
| MRI Worldwide | Industry experience Sales/sales management background preferred |
| Essential Pros | |
Financing Options |
|
| Franchise Fees | |
| MRI Worldwide | No |
| Essential Pros | No |
| Start-up Costs | |
| MRI Worldwide | |
| Essential Pros | |
| Equipment | |
| MRI Worldwide} | |
| Essential Pros | |
| Inventory | |
| MRI Worldwide | |
| Essential Pros | |
| Receivables | |
| MRI Worldwide | |
| Essential Pros | |
| Payroll | |
| MRI Worldwide | |
| Essential Pros | |
Training & Support |
|
| Training | |
| MRI Worldwide | |
| Essential Pros | |
| Support | |
| MRI Worldwide | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Essential Pros | |
| Marketing | |
| MRI Worldwide | Co-op advertising, Ad slicks, National media, Regional advertising |
| Essential Pros | |
| Operations | |
| MRI Worldwide | International franchisees required to buy multiple units/master licenses; 2% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 4 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| Essential Pros | |
Expansion Plans |
|
| US Expansion | |
| MRI Worldwide | |
| Essential Pros | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| MRI Worldwide | 0 |
| Essential Pros | |
| International Expansion | |
| MRI Worldwide | Asia, Australia,New Zealand, Eastern Europe, South America, Western Europe, |
| Essential Pros | |