MRINetwork Franchise FDD, Profits & Costs (2025)

MRINetwork is a long-established executive search and recruitment franchise that traces its roots back to 1965, when it was founded in Cleveland, Ohio by Alan R. Schonberg. Today, the brand operates from its headquarters in Goose Creek, South Carolina, supporting a global network of more than 250 independently owned offices in over 40 countries.

The company quickly adopted franchising as its primary growth model, introducing innovative employer-paid and contingency search services that set the tone for the industry.

In 2005, the brand officially adopted the MRINetwork name to highlight its international expansion. Over time, it has diversified its services to include contract staffing and technology-driven recruitment solutions.

MRINetwork specializes in connecting businesses with executive, managerial, and professional-level talent. Its portfolio of services covers retained and contingency search, temporary and contract staffing, outsourcing projects, and vendor recruitment programs.

Initial Investment

How much does it cost to start a MRINetwork franchise? It costs on average between $44,000 – $96,000 to start a MRINetwork franchised location.

This includes expenses related to office setup, technology, recruitment tools, and initial operating costs. The total investment will vary depending on factors such as the size and location of the office, the local market, and whether the franchisee decides to lease or purchase office space.

Type of ExpenditureAmount
Initial Franchise Fee$40,000
Real Estate and Improvements$0 ‐ $2,000
Computer Hardware$0 ‐ $4,500
Applicant Tracking System$900 ‐ $2,100
Online Recruiting Software$1,100 ‐ $6,100
Cabling for Office$0 ‐ $1,900
Internet$0 ‐ $300
Office Furniture$0 ‐ $3,000
Licensing Fees$0 ‐ $300
Initial Office Supplies$300 ‐ $500
Business Insurance$1,750 ‐ $2,000
Professional Services$0 ‐ $2,500
Miscellaneous$0 ‐ $500
Salaries: Researcher$0 ‐ $6,240
Salaries: Account Executive$0 ‐ $9,000
Salaries: Project Coordinator$0 ‐ $9,000
Printer (all in one)$0 ‐ $150
Additional Funds (3 months)$0 ‐ $6,000
Total Estimated Initial Investment$44,050 ‐ $96,090

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Frequently Asked Questions

How many MRINetwork locations are there?

As of the most recent data, MRINetwork operates 170 offices worldwide.

What is the total investment required to open a MRINetwork franchise?

The total investment required to open a MRINetwork franchise ranges from $44,000 to $96,000.

What are the ongoing fees for a MRINetwork franchise?

MRINetwork franchisees pay a 7% royalty fee on gross revenue and a 0.5% marketing and advertising fee, both assessed on ongoing operations.

What are the financial requirements to become a MRINetwork franchisee?

To qualify as a MRINetwork franchisee, you need a minimum net worth of about $300,000 and at least $50,000 in liquid capital.

Who owns MRINetwork?

The MRINetwork franchise is owned by HireQuest, Inc., a staffing and recruiting company that acquired the brand to expand its portfolio of workforce solutions.

Disclaimer

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