i4 Search Group Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$50,000 - $80,000
Investment required
$65,000 - $111,000
Royalty fee
14.00%

i4 Search Group: Revolutionizing Healthcare Recruiting for the Modern Era

i4 Search Group is a specialized healthcare recruiting franchise that was founded in 2019. Headquartered in Tampa, Florida, the franchise was established by a team of experienced professionals who had spent over 50 years as franchisees in the recruiting industry.

 Leveraging their deep understanding of what works in the franchising world, they designed i4 Search Group to be a unique system "created by franchisees, for franchisees," focusing on permanent placement recruiting for healthcare professionals across the United States.

The franchise specializes in placing a wide range of healthcare professionals, including nurses, advanced practice providers, allied health professionals, and physicians, into full-time positions with healthcare facilities. 

What differentiates i4 Search Group from other recruiting franchises is its proprietary system that provides franchisees with immediate access to an extensive database of potential candidates and job openings, allowing them to start generating revenue quickly. 

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
Initial Franchise Fee $50,000 – $80,000
Office Furniture, Fixtures, and Equipment $500 – $2,000
Rent – Three Months $0 – $1,800
Computer Systems $1,000 – $2,000
Business Development Start-Up Investment $5,000
Travel for Initial Training $1,500 – $2,500
Professional Fees $1,000 – $5,000
Insurance $200 – $3,500
Licenses and Permits $100 – $300
Additional Funds – Three Months $6,000 - $9,000
Total Estimate $65,300 – $111,100

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Number of units

2024
Franchised units

7

22

31

Company-owned units

1

1

1

Total units

8

23

32

Franchise Disclosure Document

Training 

i4 Search Group Franchise provides a comprehensive training program designed to ensure that franchisees are fully equipped to run a successful healthcare recruiting business. 

The training is delivered through a combination of virtual and in-person sessions, totaling approximately 90 hours. This training covers all aspects of the business, from understanding the healthcare recruiting industry to mastering the use of i4's proprietary digital tools and systems.

  1. Initial Training: The initial training program is designed to help franchisees get up to speed quickly. It includes detailed instruction on the recruitment process, candidate sourcing, client management, and business operations. Franchisees learn how to navigate the healthcare industry, including the specifics of permanent placement recruiting, and are trained on how to use i4's proprietary database and digital sourcing tools.
  2. Ongoing Support and Development: After the initial training, franchisees receive continuous support from the i4 Search Group's executive team. This includes regular check-ins, access to ongoing educational resources, and additional training as needed. The support is designed to help franchisees grow their business over time, ensuring they have the knowledge and tools to succeed in the competitive healthcare recruiting market.
  3. Technology and Remote Capabilities: i4 Search Group emphasizes the use of cutting-edge technology, and franchisees are trained extensively on how to leverage these tools to maximize efficiency and effectiveness. The training ensures that franchisees can operate their business remotely, providing them with the flexibility to work from anywhere while maintaining high standards of service.

Territory Protection

 i4 Search Group franchise offers territory protection to its franchisees. This protection ensures that each franchisee is granted an exclusive geographic territory where they have the sole rights to operate their i4 Search Group recruiting business. 

This exclusivity prevents other franchisees from entering and competing within the same territory, allowing the franchisee to build a strong client base and grow their business without the concern of internal competition.

The protected territory is carefully defined based on factors such as population density, healthcare demand, and market potential, ensuring that each franchisee has sufficient opportunities to succeed. 

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