Start-Up Costs and Fees |
||
| MRI Worldwide | Talent Tree | |
| Investment | 66635 - 99785 | 120000 - 170000 |
| Franchise Fee | 0 | |
| Royalty Fee | 9%-3% | |
| Advertising Fee | 0.50% | |
| Year Founded | 1957 | 1976 |
| Year Franchised | 1965 | 1990 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| MRI Worldwide | Talent Tree | |
| Experience | Industry experience Sales/sales management background preferred | |
Financing Options |
||
| MRI Worldwide | Talent Tree | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| MRI Worldwide | Talent Tree | |
| Training | 1. Corporate Office 3-4 Weeks 2. Franchise 1st 120 Days | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | Central Data Processing Central Purchasing Field Operation Evaluation Field Training Initial Store Opening Regional or National Meetings 800 Telephone Hotline |
| 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) | Average Number of Employees: 2 Full-time, 0 Part-time Passive Ownership: Allowed |
Expansion Plans |
||
| MRI Worldwide | Talent Tree | |
| 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 | |
| Talent Tree | |
| Franchise Fee | |
| MRI Worldwide | |
| Talent Tree | |
| Royalty Fee | |
| MRI Worldwide | 9%-3% |
| Talent Tree | |
| Advertising Fee | |
| MRI Worldwide | 0.50% |
| Talent Tree | |
| Year Founded | |
| MRI Worldwide | 1957 |
| Talent Tree | 1976 |
| Year Franchised | |
| MRI Worldwide | 1965 |
| Talent Tree | 1990 |
| Term Of Agreement | |
| MRI Worldwide | 10-20 years |
| Talent Tree | |
| Renewal Fee | |
| MRI Worldwide | |
| Talent Tree | |
Business Experience Requirements |
|
| Experience | |
| MRI Worldwide | Industry experience Sales/sales management background preferred |
| Talent Tree | |
Financing Options |
|
| Franchise Fees | |
| MRI Worldwide | No |
| Talent Tree | No |
| Start-up Costs | |
| MRI Worldwide | |
| Talent Tree | |
| Equipment | |
| MRI Worldwide} | |
| Talent Tree | |
| Inventory | |
| MRI Worldwide | |
| Talent Tree | |
| Receivables | |
| MRI Worldwide | |
| Talent Tree | |
| Payroll | |
| MRI Worldwide | |
| Talent Tree | |
Training & Support |
|
| Training | |
| MRI Worldwide | |
| Talent Tree | 1. Corporate Office 3-4 Weeks 2. Franchise 1st 120 Days |
| Support | |
| MRI Worldwide | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Talent Tree | Central Data Processing Central Purchasing Field Operation Evaluation Field Training Initial Store Opening Regional or National Meetings 800 Telephone Hotline |
| Marketing | |
| MRI Worldwide | Co-op advertising, Ad slicks, National media, Regional advertising |
| Talent Tree | |
| 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) |
| Talent Tree | Average Number of Employees: 2 Full-time, 0 Part-time Passive Ownership: Allowed |
Expansion Plans |
|
| US Expansion | |
| MRI Worldwide | |
| Talent Tree | 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 |
| Talent Tree | |
| International Expansion | |
| MRI Worldwide | Asia, Australia,New Zealand, Eastern Europe, South America, Western Europe, |
| Talent Tree | |