MRI Worldwide vs Preferred HealthStaff Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of MRI Worldwide vs Preferred HealthStaff including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

  MRI Worldwide Preferred HealthStaff
Investment 66635 - 99785 62120 - 94661
Franchise Fee
Royalty Fee 9%-3% 5%
Advertising Fee 0.50% 1%
Year Founded 1957 2009
Year Franchised 1965 2014
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements

  MRI Worldwide Preferred HealthStaff
Experience Industry experience Sales/sales management background preferred You are not required to have a background in the healthcare field. We look for you having: A positive attitude and resourcefulness Natural sales abilities and the willingness to go “above and beyond-- on behalf of clients We prefer franchise owners who will be directly involved in the operations and growth of their Preferred HealthStaff franchises You may have a spouse, a business partner, or administrative staff assist you with running the business. We expect that franchisees have the right amount of capital to invest in the business.

Financing Options

  MRI Worldwide Preferred HealthStaff
 
Franchise Fees No
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support

  MRI Worldwide Preferred HealthStaff
Training You and two key staff members will receive initial at-home training for up to two weeks in total, covering caregiver training, software training, and more. This will be followed by up to five days of training at our corporate support center, covering additional caregiver and software training, as well as marketing, business management, and other important issues.
Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives A representative of Preferred HealthStaff will spend up to five days with you during your initial months of operation, assisting you and your staff on-site at your local office. Access to all Preferred HealthStaff's trademarks, and our established business model and procedures. A copy of our confidential operations manual to help you run your franchise business properly on a day-to-day basis.
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) We prefer franchise owners who will be directly involved in the operations and growth of their Preferred HealthStaff franchises You may have a spouse, a business partner, or administrative staff assist you with running the business.

Expansion Plans

  MRI Worldwide Preferred HealthStaff
US Expansion Delaware, Maryland, New Jersey, Pennsylvania, Virginia, West Virginia
Canada Expansion 0 Nationwide,
International Expansion Asia, Australia,New Zealand, Eastern Europe, South America, Western Europe, Worldwide,

Start-Up Costs and Fees Mobile

Investment
MRI Worldwide
Preferred HealthStaff
Franchise Fee
MRI Worldwide
Preferred HealthStaff
Royalty Fee
MRI Worldwide 9%-3%
Preferred HealthStaff 5%
Advertising Fee
MRI Worldwide 0.50%
Preferred HealthStaff 1%
Year Founded
MRI Worldwide 1957
Preferred HealthStaff 2009
Year Franchised
MRI Worldwide 1965
Preferred HealthStaff 2014
Term Of Agreement
MRI Worldwide 10-20 years
Preferred HealthStaff 5 years +5 +5 +5
Renewal Fee
MRI Worldwide
Preferred HealthStaff


Business Experience Requirements

Experience
MRI Worldwide Industry experience Sales/sales management background preferred
Preferred HealthStaff You are not required to have a background in the healthcare field. We look for you having: A positive attitude and resourcefulness Natural sales abilities and the willingness to go “above and beyond-- on behalf of clients We prefer franchise owners who will be directly involved in the operations and growth of their Preferred HealthStaff franchises You may have a spouse, a business partner, or administrative staff assist you with running the business. We expect that franchisees have the right amount of capital to invest in the business.

Financing Options

 
Franchise Fees
MRI Worldwide No
Preferred HealthStaff No
Start-up Costs
MRI Worldwide
Preferred HealthStaff
Equipment
MRI Worldwide}
Preferred HealthStaff
Inventory
MRI Worldwide
Preferred HealthStaff
Receivables
MRI Worldwide
Preferred HealthStaff
Payroll
MRI Worldwide
Preferred HealthStaff

Training & Support

Training
MRI Worldwide
Preferred HealthStaff You and two key staff members will receive initial at-home training for up to two weeks in total, covering caregiver training, software training, and more. This will be followed by up to five days of training at our corporate support center, covering additional caregiver and software training, as well as marketing, business management, and other important issues.
Support
MRI Worldwide Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives
Preferred HealthStaff A representative of Preferred HealthStaff will spend up to five days with you during your initial months of operation, assisting you and your staff on-site at your local office. Access to all Preferred HealthStaff's trademarks, and our established business model and procedures. A copy of our confidential operations manual to help you run your franchise business properly on a day-to-day basis.
Marketing
MRI Worldwide Co-op advertising, Ad slicks, National media, Regional advertising
Preferred HealthStaff
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)
Preferred HealthStaff We prefer franchise owners who will be directly involved in the operations and growth of their Preferred HealthStaff franchises You may have a spouse, a business partner, or administrative staff assist you with running the business.

Expansion Plans

US Expansion
MRI Worldwide
Preferred HealthStaff Delaware, Maryland, New Jersey, Pennsylvania, Virginia, West Virginia
Canada Expansion
MRI Worldwide 0
Preferred HealthStaff Nationwide,
International Expansion
MRI Worldwide Asia, Australia,New Zealand, Eastern Europe, South America, Western Europe,
Preferred HealthStaff Worldwide,