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Below is an in-depth analysis and side-by-side comparison of MRI Worldwide vs Gecko Hospitality including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $66,635 - $99,785 | $64,770 - $93,670 |
Franchise Fee | $40,000 | $40,000 - $50,000 |
Royalty Fee | 9%-3% | - |
Advertising Fee | 0.5% | - |
Year Founded | 1957 | 2013 |
Year Franchised | 1965 | 2013 |
Term Of Agreement | 10-20 years | - |
Term Of Agreement | 10-20 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | 5-7 years executive management, human resources/recruiting, assistant general management, or general management experience in a high volume restaurant, hotel, resort or casino. Entrepreneurial ambition and desire to be in business for themselves. The ability to obtain the monetary funding necessary to operate a successful recruiting office. The desire to be part of the largest restaurant recruiting firm in the United States and Canada. | |
Financing Options |
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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 |
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Training | - | You will learn all aspects of the Gecko Hospitality franchise, including applicant tracking software, proven methodology and systems for identifying suitable hospitality candidates, Client and role playing interaction, and other advanced elements of the hospitality recruiting industry. |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | Site selection assistance, sales and marketing tools, pre/post grand opening through day-to-day operations guidance, centralized billing and collections. Gecko Hospitality is with you every step of the way. Franchise partners receive a confidential Gecko Hospitality Operations Manual. Our management staff also continually communicate with you and remain available to you for consultation and assistance. |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Social media as well as all online advertising and marketing is handled by our own marketing staff. |
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 |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
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.