Start-Up Costs and Fees |
||
| MRI Worldwide | Mom Corps | |
| Investment | 66635 - 99785 | 39200 - 63700 |
| Franchise Fee | ||
| Royalty Fee | 9%-3% | 6% -16% |
| Advertising Fee | 0.50% | 0.50% |
| Year Founded | 1957 | 2005 |
| Year Franchised | 1965 | 2009 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| MRI Worldwide | Mom Corps | |
| Experience | Industry experience Sales/sales management background preferred | |
Financing Options |
||
| MRI Worldwide | Mom Corps | |
| Franchise Fees | No | Yes |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | Yes |
| Payroll | No | Yes |
Training & Support |
||
| MRI Worldwide | Mom Corps | |
| 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 |
||
| MRI Worldwide | Mom Corps | |
| 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 | |
| Mom Corps | |
| Franchise Fee | |
| MRI Worldwide | |
| Mom Corps | |
| Royalty Fee | |
| MRI Worldwide | 9%-3% |
| Mom Corps | 6% -16% |
| Advertising Fee | |
| MRI Worldwide | 0.50% |
| Mom Corps | 0.50% |
| Year Founded | |
| MRI Worldwide | 1957 |
| Mom Corps | 2005 |
| Year Franchised | |
| MRI Worldwide | 1965 |
| Mom Corps | 2009 |
| Term Of Agreement | |
| MRI Worldwide | 10-20 years |
| Mom Corps | |
| Renewal Fee | |
| MRI Worldwide | |
| Mom Corps | |
Business Experience Requirements |
|
| Experience | |
| MRI Worldwide | Industry experience Sales/sales management background preferred |
| Mom Corps | |
Financing Options |
|
| Franchise Fees | |
| MRI Worldwide | No |
| Mom Corps | No |
| Start-up Costs | |
| MRI Worldwide | |
| Mom Corps | |
| Equipment | |
| MRI Worldwide} | |
| Mom Corps | |
| Inventory | |
| MRI Worldwide | |
| Mom Corps | |
| Receivables | |
| MRI Worldwide | |
| Mom Corps | |
| Payroll | |
| MRI Worldwide | |
| Mom Corps | |
Training & Support |
|
| Training | |
| MRI Worldwide | |
| Mom Corps | |
| Support | |
| MRI Worldwide | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Mom Corps | |
| Marketing | |
| MRI Worldwide | Co-op advertising, Ad slicks, National media, Regional advertising |
| Mom Corps | |
| 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) |
| Mom Corps | |
Expansion Plans |
|
| US Expansion | |
| MRI Worldwide | |
| Mom Corps | 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 |
| Mom Corps | |
| International Expansion | |
| MRI Worldwide | Asia, Australia,New Zealand, Eastern Europe, South America, Western Europe, |
| Mom Corps | |