When are the licensing fees due for a Management Recruiters franchise?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of expenditure | Amount* | Method of payment | When due | To whom payment is to be made |
|---|---|---|---|---|
| Licensing Fees 9 | $0 - $300 | Lump sum | Before opening | Government Licensing Authorities |
Some states require that you obtain an employment agency license and bond or register in order to operate a personnel placement service.
The cost range for this license and bond or registration is between $150 and $300.
If a license is required, it is only for the state in which your business is located, unless you plan to conduct recruiting activities in a state that requires licensing and/or registration for out of the state recruiters, for example New Jersey.
If your state doesn't require a license, there will be no
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 23–26)
What This Means (2024 FDD)
According to Management Recruiters's 2024 Franchise Disclosure Document, licensing fees, which range from $0 to $300, are due before opening the franchise. These fees are paid as a lump sum to government licensing authorities.
It is important to note that some states require an employment agency license and bond or registration to operate a personnel placement service. The cost range for this license and bond or registration is between $150 and $300. This license is only for the state in which the business is located unless recruiting activities are planned in a state that requires licensing or registration for out-of-state recruiters, such as New Jersey. If a license is not required by the state, there will be no expense for licensing fees.
Prospective franchisees should investigate their state and local requirements for operating a personnel placement service to determine if these licensing fees will apply to their Management Recruiters franchise.