Start-Up Costs and Fees |
||
| MRI Worldwide | Fortune Personnel | |
| Investment | 66635 - 99785 | 86300 - 130100 |
| Franchise Fee | ||
| Royalty Fee | 9%-3% | 8%-7% |
| Advertising Fee | 0.50% | 1% |
| Year Founded | 1957 | 1959 |
| Year Franchised | 1965 | 1973 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| MRI Worldwide | Fortune Personnel | |
| Experience | Industry experience Sales/sales management background preferred | |
Financing Options |
||
| MRI Worldwide | Fortune Personnel | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| MRI Worldwide | Fortune Personnel | |
| Training | On-The-Job Training: 25 hours Classroom Training: 53 hours Additional Training: Ongoing | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Loyalty program/app |
| 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) | Number of Employees Required to Run: 1 |
Expansion Plans |
||
| MRI Worldwide | Fortune Personnel | |
| 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 | |
| Fortune Personnel | |
| Franchise Fee | |
| MRI Worldwide | |
| Fortune Personnel | |
| Royalty Fee | |
| MRI Worldwide | 9%-3% |
| Fortune Personnel | 8%-7% |
| Advertising Fee | |
| MRI Worldwide | 0.50% |
| Fortune Personnel | 1% |
| Year Founded | |
| MRI Worldwide | 1957 |
| Fortune Personnel | 1959 |
| Year Franchised | |
| MRI Worldwide | 1965 |
| Fortune Personnel | 1973 |
| Term Of Agreement | |
| MRI Worldwide | 10-20 years |
| Fortune Personnel | |
| Renewal Fee | |
| MRI Worldwide | |
| Fortune Personnel | |
Business Experience Requirements |
|
| Experience | |
| MRI Worldwide | Industry experience Sales/sales management background preferred |
| Fortune Personnel | |
Financing Options |
|
| Franchise Fees | |
| MRI Worldwide | No |
| Fortune Personnel | No |
| Start-up Costs | |
| MRI Worldwide | |
| Fortune Personnel | |
| Equipment | |
| MRI Worldwide} | |
| Fortune Personnel | |
| Inventory | |
| MRI Worldwide | |
| Fortune Personnel | |
| Receivables | |
| MRI Worldwide | |
| Fortune Personnel | |
| Payroll | |
| MRI Worldwide | |
| Fortune Personnel | |
Training & Support |
|
| Training | |
| MRI Worldwide | |
| Fortune Personnel | On-The-Job Training: 25 hours Classroom Training: 53 hours Additional Training: Ongoing |
| Support | |
| MRI Worldwide | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Fortune Personnel | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| MRI Worldwide | Co-op advertising, Ad slicks, National media, Regional advertising |
| Fortune Personnel | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Loyalty program/app |
| 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) |
| Fortune Personnel | Number of Employees Required to Run: 1 |
Expansion Plans |
|
| US Expansion | |
| MRI Worldwide | |
| Fortune Personnel | 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 |
| Fortune Personnel | |
| International Expansion | |
| MRI Worldwide | Asia, Australia,New Zealand, Eastern Europe, South America, Western Europe, |
| Fortune Personnel | |