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iGoHire LLC

Franchise Profile

Minimum Net Worth: $200,000
Franchise Fee: $44,990
Established: 1999
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iGoHire LLC

More About This Franchise

The company is in the business of discerning and referring worthy, hard to acquire talent at all levels for client companies to hire. The field is considered competitive due to historicallly low unemployment rates due to a robust economy, particularly in the "High Growth" markets identified in this listing.

Executive recruiters may earn well into the six figures as individual contributors. Their earnings may range from $300,000 to $700,000 annually. Many have home offices. Executive recruiters who invest in an office and grow a team with multiple producers can easily develop businesses that gross $3 to $5 million per year, with net profits in the $300,000 to $400,000 range.

Company has developed a strong reputation for "low volume, very high quality" referrals by several means, generally taking on search assignments and making placements only after a personal meeting with all involved parties, the employer and candidate, as well as comprehensive assessment of both parties to assure an excellent fit. Company was famous for its 100% voluntary employee retention ratio during its first two years of operation, and subsequent retention ratios are consistently high.

iGoHire R is a registered trademark. Company has just released a Licensee plan to license the trade name through June of this year and not require royalty payments. Effective July 2021, the structure will convert to franchise. Licensees who are already signed will only pay costs to convert the agreements from Licensee to Franchisee.

Licensor is an accomplished executive recruiter. Licensees who use of attractive and unique trademarked name will enjoy a great lifestyle and earn phenomenal money placing talent on an international basis with considerable Licensor support to each Licensee.

Client hiring companies are served at all levels, from clerical up through senior management at the "V" and "C" level in any industry. Licensor is particularly effective at helping Licensee capture high value business contracts. There is every expectation that a multi million dollar operation may be developed for each Licensee.

Licensee will receive a contractually binding exclusive marketing agreement that will authorize operation and production in territory defined as a vertical market, or local or regional territory.

No royalty payments are required as an early adopter incentive through the end of Q 2 2021. Once full franchise conversion is completed, royalties will be 6% of Franchisee's gross revenues.

Traditional franchises transfer much risk and workload to their franchisees by requirement to pay high royalty amounts to the franchisor. A low franchise royalty fee is an owner’s best insurance that the franchisor will fully support the franchisee otherwise franchisor’s revenue stream may be reduced. A low royalty stream removes needless pressure from the Franchisee.

Licensee fee is $44,990 plus $4,990 training and launch fee. Two promotional incentives apply to the remaining four of the first five Licenses: $10,000 plus promotional offer of $2,021 for 2021 actually reduces price to $32,978 for four licensees.
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