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Updated RecentlyMRI Worldwide vs 247staff Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of MRI Worldwide vs 247staff 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 | $22,280 - $37,140 |
| Franchise Fee | $40,000 | $10,400 |
| 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 |
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| Experience | - | |
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 | - | Five days training at our residential training centre. Fifteen days on-site 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 |
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| 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 247staff
247staff Professional Recruitment can offer you a Franchise in the $25billion a year recruitment industry: with clients; with candidates and with training. In order to start your own recruitment agency, you will be required to provide some investment capital for training, set-up costs and cash flow. We in turn provide you with a list of immediate jobs to fill plus access to a database of 3 million candidates together with all the knowledge and skills you will need in order to set up and run a successful recruitment business. * We believe that we are the fastest growing Franchise in the UK * We also believe that we are the fastest growing Recruitment Agency in the UK * We offer franchises within the Recruitment Industry, dealing in Permanent Placements* of Individuals and Temporary Staff Contracts**. * We have over 50 branches throughout the UK. * We train each Franchisee in all aspects of the recruitment industry. * We assist our Franchisees to find suitable offices in their selected location * We help our Franchisees to get their business set up and continue to work with them developing and establishing their business. * Each new Franchise can be funded either; personally; or through lending institutions or; a combination of both.