What is the range of costs for the applicant tracking system that a Management Recruiters franchisee might incur before opening?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
STIMATED INITIAL INVESTMENT
| Type of expenditure | Amount* | Method of payment | When due | To whom payment is to be made |
|---|---|---|---|---|
| Initial Franchise Fee 1 | $40,000 | Up front or, in Franchisor's sole discretion, via weekly deduction from Franchisee's Share | The first 156 we |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 23–26)
What This Means (2024 FDD)
According to Management Recruiters' 2024 Franchise Disclosure Document, the estimated cost for an applicant tracking system ranges from $900 to $2,100. This expense is expected to be incurred before opening and is payable to suppliers. Management Recruiters states that a franchisee should purchase an Applicant Tracking System to use in the operation of their business.
Management Recruiters also states that they will work with prospective franchisees to determine the best ATS system for them after the execution of the Franchise Agreement. This suggests that the final choice of the system, and therefore the actual cost, will be made in consultation with Management Recruiters after the franchisee has committed to the franchise.
This cost is part of the overall estimated initial investment, which ranges from $44,050 to $96,090. It is important for prospective franchisees to factor in this cost, along with other pre-opening expenses, when assessing the financial feasibility of opening a Management Recruiters franchise.