Start-Up Costs and Fees |
||
| MRI Worldwide | Patrice & Associates | |
| Investment | 66635 - 99785 | 90625 - 108000 |
| Franchise Fee | ||
| Royalty Fee | 9%-3% | 10% |
| Advertising Fee | 0.50% | 2% |
| Year Founded | 1957 | 1989 |
| Year Franchised | 1965 | 2010 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| MRI Worldwide | Patrice & Associates | |
| Experience | Industry experience Sales/sales management background preferred | |
Financing Options |
||
| MRI Worldwide | Patrice & Associates | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| MRI Worldwide | Patrice & Associates | |
| Training | On-The-Job Training: 40 hours Classroom Training: 40 hours | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | National Media Website development |
| 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 | Patrice & Associates | |
| 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 | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion | Asia, Australia,New Zealand, Eastern Europe, South America, Western Europe, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| MRI Worldwide | |
| Patrice & Associates | |
| Franchise Fee | |
| MRI Worldwide | |
| Patrice & Associates | |
| Royalty Fee | |
| MRI Worldwide | 9%-3% |
| Patrice & Associates | 10% |
| Advertising Fee | |
| MRI Worldwide | 0.50% |
| Patrice & Associates | 2% |
| Year Founded | |
| MRI Worldwide | 1957 |
| Patrice & Associates | 1989 |
| Year Franchised | |
| MRI Worldwide | 1965 |
| Patrice & Associates | 2010 |
| Term Of Agreement | |
| MRI Worldwide | 10-20 years |
| Patrice & Associates | |
| Renewal Fee | |
| MRI Worldwide | |
| Patrice & Associates | |
Business Experience Requirements |
|
| Experience | |
| MRI Worldwide | Industry experience Sales/sales management background preferred |
| Patrice & Associates | |
Financing Options |
|
| Franchise Fees | |
| MRI Worldwide | No |
| Patrice & Associates | No |
| Start-up Costs | |
| MRI Worldwide | |
| Patrice & Associates | |
| Equipment | |
| MRI Worldwide} | |
| Patrice & Associates | |
| Inventory | |
| MRI Worldwide | |
| Patrice & Associates | |
| Receivables | |
| MRI Worldwide | |
| Patrice & Associates | |
| Payroll | |
| MRI Worldwide | |
| Patrice & Associates | |
Training & Support |
|
| Training | |
| MRI Worldwide | |
| Patrice & Associates | On-The-Job Training: 40 hours Classroom Training: 40 hours |
| Support | |
| MRI Worldwide | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Patrice & Associates | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Franchisee Intranet Platform |
| Marketing | |
| MRI Worldwide | Co-op advertising, Ad slicks, National media, Regional advertising |
| Patrice & Associates | National Media Website development |
| 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) |
| Patrice & Associates | |
Expansion Plans |
|
| US Expansion | |
| MRI Worldwide | |
| Patrice & Associates | 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 |
| Patrice & Associates | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion | |
| MRI Worldwide | Asia, Australia,New Zealand, Eastern Europe, South America, Western Europe, |
| Patrice & Associates | |