| ||||
Updated RecentlyMRI Worldwide vs Esprit People Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of MRI Worldwide vs Esprit People including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $66,635 - $99,785 | N/A |
| Franchise Fee | $40,000 | N/A |
| Royalty Fee | 9%-3% | - |
| Advertising Fee | 0.5% | - |
| Year Founded | 1957 | - |
| Year Franchised | 1965 | - |
| Term Of Agreement | 10-20 years | - |
| Term Of Agreement | 10-20 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
||
| 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 |
||
| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About MRI Worldwide
A subsidiary of CDI Corp., Management Recruiters International has offices in some 35 countries, and more than 5,000 search professionals. Completing thousands of placements annually through its specialized divisions'Management Recruiters, Sales Consultants, CompuSearch and OfficeMates5'Management Recruiters International franchisees may also offer services including flexible staffing, project outsourcing, videoconferencing, compatibility assessment and relocation services.
In 1999, the company acquired British staffing franchisor Humana International, giving it a large presence in Europe. To reflect this expanded reach, in 2000, Management Recruiters International changed its name to MRI Worldwide.
About Esprit People
Esprit is an international fashion brand that represents style and quality since 1968. Founded in San Francisco by Susie and Doug Tompkins, Esprit works on a basis of creativity and responsibility, fused with a sunny Californian attitude.
Effortless style, authenticity and easy-going living are at the heart of the brand’s philosophy. These positive values shine through at every level, from the laid-back tailoring to the made-to-last quality, use of natural materials and responsible production. Esprit's aspiration is to be the best casual fashion brand with an outstanding price-value proposition: Capturing market trends and newness in color, quality fabrics and shapes, and expressing them in the effortless, relaxed and comfortable Esprit style. For every garment, Esprit pays maximum attention to fabric selection, fitting and perfect quality. The company's "esprit de corps" reflects a positive and caring attitude towards life that celebrates real people and togetherness according to the brand promise: "We want to make you feel good to look good".
Esprit has a presence in over 40 countries with approximately 900 directly managed retail stores and over 7,800 wholesale points of sale, including franchise stores and sales spaces in department stores, who share the company’s quality standards and brand essence, with inspiring collections for women, men and kids. The Group markets its products under two brands, namely the Esprit brand and the edc brand. Listed on the Hong Kong Stock Exchange since 1993, Esprit has headquarters in Germany and Hong Kong.