Management Recruiters franchise
2024 filing · May 16, 2024Fewer locationsShares sales figures
Management Recruiters at a glance
A staffing and recruiting business offering permanent placement and contract staffing. At the end of 2023 there were 170 Management Recruiters locations in the US, all franchised.
The business
- Franchisor
- HQ MRI Corporation
- The company that sells the franchises
- Current franchisor selling since
- 2022
- 2 years of selling franchises
- Franchisor based in
- Goose Creek, South Carolina
What you pay
- Cost to open
- $44K–$96K
- Fee, build-out and opening working capital
- Franchise fee
- $40,000
- Paid once, when you sign
- Royalty
- 3–9%
- 9% of net cash-in up to $500,000 a year, 7% from $500,000 to $1 million, 5% from $1 million to $2 million and 3% above, with a $12,000 yearly minimum, paid weekly
- Brand fund
- Yes
- 0.5% of gross funds, paid weekly
- Agreement length
- 10 years
- Territory
- None
- No exclusive territory
- Franchisor financing
- None offered
Where it is
- US locations, 2023
- 170
- Franchised and company-owned
- Franchised
- 170
- Company-owned
- 0
- Change in 3 years
- −95
- Franchised locations, 2021–2023
- States
- 38
- Most in Florida, California and Texas
Support and records
From HQ MRI Corporation’s 2024 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Management Recruiters among all franchises with the same figure.
| Figure | Management Recruiters | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $70,070 | Costs less than 93% of franchises |
| Franchise feePaid once, when you sign | $40,000 | Lower than 46% of franchises |
| RoyaltyShare of sales paid to the franchisor | 9% | Higher than 94% of brands with a set rate |
| US locationsFranchised and company-owned | 170 | More than 84% of franchises |
How much a Management Recruiters franchise costs
Opening one Management Recruiters costs an estimated $44,050 to $96,090. That covers the franchise fee and everything else needed to open, through the first months of working capital. It is one of the franchises under $50K.
The biggest costs are initial franchise fee ($40,000) and account executive ($0 to $9,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| 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 | |
| Account Executive | $0 | $9,000 | |
| Project Coordinator | $0 | $9,000 | |
| Printer (all in one) | $0 | $150 | |
| Additional Funds (3 months) | $0 | $6,000 | |
| Total | $44,050 | $96,090 | |
Source: HQ MRI Corporation, 2024 filing, page 25
Management Recruiters franchise fee
The franchise fee is $40,000. You pay it when you sign the franchise agreement.
Source: HQ MRI Corporation, 2024 filing, page 16
Royalty and ongoing fees
| Royalty | 9% of net cash-in up to $500,000 a year, 7% from $500,000 to $1 million, 5% from $1 million to $2 million and 3% above, with a $12,000 yearly minimum, paid weekly. |
|---|---|
| Brand or marketing fund | 0.5% of gross funds, paid weekly. |
| Transfer Fee | $5,000. |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: HQ MRI Corporation, 2024 filing, page 17
Other fees as filed, from page 19. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Management Recruiters publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: HQ MRI Corporation, 2024 filing, page 61
SBA loans to Management Recruiters franchisees
Lenders approved 93 SBA-backed loans for Management Recruiters franchisees from 1990 to 2026, $20.2M in all: 87 7(a) loans and 6 504 loans. Of the 90 that have ended, 78 were paid in full and 12 were charged off (13.3%). The other 3 haven’t ended yet.
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
Growth and closures
Share of franchised locations, 2023 / 2021–2023. Typical means the median: half of brands are above it, half below.
| Measure | Management Recruiters | Typical staffing brand | Typical franchise |
|---|---|---|---|
| GrowthNet change in franchised locations | −16% / −36% | −4.2% / −7.2% | +1.2% / +10% |
| ClosuresTerminated, not renewed or stopped operating | 19% / 42% | 14% / 37% | 3.9% / 16% |
| Bought backLocations the franchisor took back | 0% / 0% | 0% / 0% | 0% / 0% |
Typical staffing brand is the median of the 12 brands in staffing franchises with three years of counts.
How Management Recruiters compares
Of the 31 staffing franchises on this site, Management Recruiters is the 5th cheapest to open and the 4th largest by number of locations.
| Figure | Management Recruiters | Typical staffing brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $44K | $85K | $222K |
| Cost to open, high end | $96K | $145K | $477K |
| Franchise fee | $40K | $40K | $40K |
| Royalty | 9% | 7.5% | 6% |
| US locations | 170 | 27 | 21 |
| Shares earnings figures | Yes | 15 of 31 | 2,147 of 3,352 |
Typical is the median across the 31 brands in staffing franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2019 | 297 (−25) | 0 | – | – |
| 2020 | 265 (−32) | 0 | – | – |
| 2021 | 246 (−19) | 0 | +3 | −22 |
| 2022 | 203 (−43) | 0 | +6 | −49 |
| 2023 | 170 (−33) | 0 | +6 | −39 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Over 5 years, from the start of 2019 to the end of 2023, franchised locations went from 322 to 170 (−152, −47%). The earlier years come from the brand's 2022 filing.
Source: HQ MRI Corporation, 2024 filing, page 64
2019–2020: HQ MRI Corporation, 2022 filing, page 35
Where Management Recruiters locations are
At the end of 2023, Management Recruiters had franchised locations in 39 states and territories. The most are in Florida, California and Texas.
- Florida18
- California14
- Texas13
- North Carolina12
- Georgia9
- Michigan8
| State | Franchised |
|---|---|
| Florida | 18 |
| California | 14 |
| Texas | 13 |
| North Carolina | 12 |
| Georgia | 9 |
| Michigan | 8 |
| New Jersey | 8 |
| Indiana | 7 |
| Ohio | 7 |
| Tennessee | 7 |
All 39 states
Source: HQ MRI Corporation, 2024 filing, page 65
Who owns Management Recruiters?
Management Recruiters franchises are sold by HQ MRI Corporation.
From HQ MRI Corporation’s 2024 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | Yes. The filing describes past or pending cases involving the franchisor, its affiliates or its executives on pages 13–14. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: HQ MRI Corporation, 2024 filing, litigation on pages 13–14, bankruptcy on page 15
Management Recruiters filings
A franchisor files a new disclosure each year it sells franchises. The figures on this page come from HQ MRI Corporation’s 2024 filing, issued May 16, 2024; the earlier ones below are on record with the NASAA Electronic Filing Depository and fill in older location counts.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | May 16, 2024 | NASAA depository | Costs, fees and locations, 2021–2023 |
| 2022 filing | – | NASAA depository | Locations, 2019–2020 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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