What was the net income for Management Recruiters for the year ended December 31, 2022?

According to Management Recruiters' 2024 Franchise Disclosure Document, the net income for the year ended December 31, 2022, was $12,458,000. This figure is part of HireQuest, Inc.'s consolidated statement of cash flow, as Management Recruiters is under the HireQuest, Inc. umbrella. This number reflects the overall profitability of HireQuest, Inc., which includes Management Recruiters, for that specific year.

It is important to note that this net income figure represents the consolidated results of HireQuest, Inc., and not just the Management Recruiters brand. While this gives an overview of the financial health of the parent company, it doesn't isolate the financial performance of the Management Recruiters franchise system itself. A prospective franchisee should consider this when evaluating the potential profitability of a Management Recruiters franchise.

To gain a clearer understanding of the Management Recruiters franchise's individual financial performance, a potential franchisee should ask the franchisor for more specific financial data related solely to the Management Recruiters operations. This could include revenue, expenses, and profitability metrics specific to the franchise system, which would provide a more accurate picture of the potential return on investment.