Start-Up Costs and Fees |
||
| Fortune Personnel | MRI Worldwide | |
| Investment | 86300 - 130100 | 66635 - 99785 |
| Franchise Fee | ||
| Royalty Fee | 8%-7% | 9%-3% |
| Advertising Fee | 1% | 0.50% |
| Year Founded | 1959 | 1957 |
| Year Franchised | 1973 | 1965 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Fortune Personnel | MRI Worldwide | |
| Experience | Industry experience Sales/sales management background preferred | |
Financing Options |
||
| Fortune Personnel | MRI Worldwide | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Fortune Personnel | MRI Worldwide | |
| Training | On-The-Job Training: 25 hours Classroom Training: 53 hours Additional Training: Ongoing | |
| Support | 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 | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Loyalty program/app | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | Number of Employees Required to Run: 1 | 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 |
||
| Fortune Personnel | MRI Worldwide | |
| 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 | |
| Fortune Personnel | |
| MRI Worldwide | |
| Franchise Fee | |
| Fortune Personnel | |
| MRI Worldwide | |
| Royalty Fee | |
| Fortune Personnel | 8%-7% |
| MRI Worldwide | 9%-3% |
| Advertising Fee | |
| Fortune Personnel | 1% |
| MRI Worldwide | 0.50% |
| Year Founded | |
| Fortune Personnel | 1959 |
| MRI Worldwide | 1957 |
| Year Franchised | |
| Fortune Personnel | 1973 |
| MRI Worldwide | 1965 |
| Term Of Agreement | |
| Fortune Personnel | |
| MRI Worldwide | 10-20 years |
| Renewal Fee | |
| Fortune Personnel | |
| MRI Worldwide | |
Business Experience Requirements |
|
| Experience | |
| Fortune Personnel | |
| MRI Worldwide | Industry experience Sales/sales management background preferred |
Financing Options |
|
| Franchise Fees | |
| Fortune Personnel | |
| MRI Worldwide | |
| Start-up Costs | |
| Fortune Personnel | |
| MRI Worldwide | |
| Equipment | |
| Fortune Personnel} | |
| MRI Worldwide | |
| Inventory | |
| Fortune Personnel | |
| MRI Worldwide | |
| Receivables | |
| Fortune Personnel | |
| MRI Worldwide | |
| Payroll | |
| Fortune Personnel | |
| MRI Worldwide | |
Training & Support |
|
| Training | |
| Fortune Personnel | On-The-Job Training: 25 hours Classroom Training: 53 hours Additional Training: Ongoing |
| MRI Worldwide | |
| Support | |
| 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 |
| MRI Worldwide | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Fortune Personnel | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Loyalty program/app |
| MRI Worldwide | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Fortune Personnel | Number of Employees Required to Run: 1 |
| 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) |
Expansion Plans |
|
| US Expansion | |
| 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 |
| MRI Worldwide | |
| Canada Expansion | |
| Fortune Personnel | |
| MRI Worldwide | 0 |
| International Expansion | |
| Fortune Personnel | |
| MRI Worldwide | Asia, Australia,New Zealand, Eastern Europe, South America, Western Europe, |