Global Recruiters Network Franchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Global Recruiters Network (GRN) is a recruiting franchise placing professional and executive candidates with employers across industries. Franchisees run a search office sourcing candidates, managing clients, and earning placement fees.
FranchiseVerdict summary · 2026
A GLOBAL RECRUITERS NETWORK franchise requires a total initial investment of $33K – $45K, including a $20K franchise fee and an ongoing 10.0% royalty[2]. The 2026 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: A (Strongest tier), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2026 FDD issuance
Overview
- Investment
- $33K – $45K
- 8th pct Business Serv…
- Avg gross sales
- N/A
- Royalty
- 10.0%
- 32nd pct Business Serv…
- Units
- 159
- 54th pct Business Serv…
- SBA charge-off
- N/A
Quick verdict · Business Services · color = vs category peers
Green = favorable by >10% vs Business Services avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $33K – $45K including a $20K franchise fee, 10.0% ongoing royalty.
- RETURNSItem 21 states audited financial statements are in Exhibit 2 for FYE 12/31/2025, 2024, 2023 (plus unaudited period ended 2/28/2026), but Exhibit 2 is a scanned image not present in the extracted text, so no balance-sheet/income figures (assets, liabilities, net worth, revenue, net income) or auditor name are extractable. The state cover page carries the NASAA 'Financial Condition' special risk: the franchisor's financial condition, as reflected in its financial statements, calls into question its ability to provide services and support to franchisees (financial-distress signal). Franchisor is Global Recruiters Network, Inc. (Delaware); parent is RFB Holdings, Inc.
- RISKVerdict A (Strongest tier), verdict score 60/100 (higher is better).
- DATANo Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Global Recruiters Network, Inc.
- Parent company
- RFB Holdings, Inc.
- CEO title
- Chief Executive Officer
- Bradford A. Baiocchi
- CEO experience
- 21 yrs
- Years in role or industry
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- Delaware
- HQ
- 200 S. Wacker Drive, Suite 1300, Chicago, Illinois 60606
- Auditor
- Baker Tilly US, LLP
- Unaudited
- Franchisor revenue
- $617K
- vs $4.2M prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Overview
About
- CEO
- Bradford A. Baiocchi
- Headquarters
- Illinois
- Founded
- 2002
- FDD year
- 2026
- States available
- 35
Can you afford it, and what does the money buy?
Entry cost runs 86% below the typical business services franchise.
Source: FDD 2026 · Items 5–7
Full Item 7 breakdown12 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Depositnot refundable | $10K | $10K | |
| Initial Franchise Fee Less Depositnot refundable | $10K | $10K | |
| Real Propertynot refundable | — | — | |
| Security Deposits (real estate)not refundable | $0 | $2K | |
| Office Suppliesnot refundable | $200 | $500 | |
| Permits and Licenses (if applicable)not refundable | $200 | $500 | |
| Insurance (excluding health care insurance)not refundable | $1K | $2K | |
| Transportation/Expenses For Trainingnot refundable | $500 | $2K | |
| GRN Bundle Feenot refundable | $9K | $9K | |
| Legal, Accounting, Misc. Expensenot refundable | $1K | $2K | |
| Quantum Leap Servicesnot refundable | $0 | $5K | |
| Additional Funds (3 Months)not refundable | $700 | $4K | |
| Total initial investment | $33K | $47K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $33K – $45K
- Top 40% of category vs category
- Liquid capital req'd
- $700 – $4K
- Top 40% of category vs category
- Franchise fee
- $20K – $20K
- Top 40% of category vs category
- Royalty
- 10.0%
- tiered · typical 6–8%
- Ad fund
- 0.0%
- typical 3–5%
- Total fee load
- 10.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 10.0% of gross sales |
| Marketing / ad fund | 0.0% of gross sales |
| Technology fee | $3K |
| Training fee | $3K |
| Transfer fee | $3K |
| Renewal fee | $5K |
| Inventory (initial) | $200 – $500 |
| Total fee load | 10.0% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
GLOBAL RECRUITERS NETWORK did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one GLOBAL RECRUITERS NETWORK unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
239%
Above the 30–60% band. Verify revenue is per-unit average
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2026 FDD
Financial Performance
Item 21 states audited financial statements are in Exhibit 2 for FYE 12/31/2025, 2024, 2023 (plus unaudited period ended 2/28/2026), but Exhibit 2 is a scanned image not present in the extracted text, so no balance-sheet/income figures (assets, liabilities, net worth, revenue, net income) or auditor name are extractable. The state cover page carries the NASAA 'Financial Condition' special risk: the franchisor's financial condition, as reflected in its financial statements, calls into question its ability to provide services and support to franchisees (financial-distress signal). Franchisor is Global Recruiters Network, Inc. (Delaware); parent is RFB Holdings, Inc.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 10.0% — below the Business Services average of 11.9%.
Disclosure
Franchisor chose not to disclose financial performance representations. You will need to gather unit economics directly from existing franchisees.
Operator retention
System contracting at -3.2% CAGR over 3 years. Investigate whether closures are franchisor-driven consolidation or franchisee exits.
Multi-unit rate
Only 8% of franchisees own multiple units. Could indicate challenging economics or a young system where operators haven't had time to expand.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Business Services averages
How Global Recruiters Network Compares
Is the system healthy?
Source: FDD 2026 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 159
- Opened
- 8
- Last reporting year
- Closed
- 7
- Terminated
- 7
- Franchisor ended the franchise (per Item 20)
- Turnover rate
- 17.0%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Multi-unit owners
- 8.0%
- Net growth (3-yr)
- -3.2%
- Net unit change over 3 years
- 3-yr CAGR
- -3.2%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 5
- Closed (3yr)
- 0
- Terminated (3yr)
- 27
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- Continuity rate
- 94.8%
- Units that stayed open
- Termination rate
- 3.9%
- Franchisor-initiated terminations
- Ceased ops
- 1.7%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 16 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Available to sell in · Item 12
- Illinois
- Indiana
- Michigan
- South Dakota
- Virginia
- Wisconsin
States where the franchisor is registered to sell new franchises (FDD registration filings).
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 1 7(a) loan on file; statistical reliability is limited below 10 loans.
- Total loans
- 1
- Loan volume
- $150K
- Median loan
- $150K
- 50th percentile
- Charge-off rate
- N/A
- limited sample (1 loan) — rate not shown below 10
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 1
- Defaults
- N/A
Explore lender portfolios on Bank Reports or regional data on State Reports.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Recruitment franchise with minimal growth, undisclosed profitability data, and unprotected territories presents moderate-to-high risk without transparent unit economics.
Litigation (Item 3)
No litigation is required to be disclosed in Item 3.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
No audited financials on file
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
ⓘ These are the parent company's consolidated financials (the parent guarantees the franchisor), not this brand's standalone results — the figure reflects the whole corporate group, not this brand alone.
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 60 / 100 verdict
- 01MEDNo average revenue or net income disclosed (Item 19) — impossible to assess ROI on $32.6k-$44.7k investment
- 02MINORStagnant unit growth (0.6% YoY) suggests market saturation or franchisee dissatisfaction
- 03MINORNo protected territory — direct competition from other franchisees in same market
- 04MINORTiered royalty structure (10% down to 4%) creates incentive misalignment and suggests franchisor dependency on high-volume units
- 05MED10-year term is longer than industry standard (5-7 years typical) with limited flexibility
- 06MEDLow franchise fee ($20k) relative to total investment suggests thin franchisor margins and limited support infrastructure
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 10.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2026 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Territory type | none |
| Protected territory | No |
| Exclusive territoryℹ | No |
| Online sales rightsℹ | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Not allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 100 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 18 |
| Curable defaultsℹ | 3 |
| Mandatory arbitration | Yes |
| Arbitration location | DuPage County, Illinois |
| Jury trial waiver | Yes |
| Governing law | IL |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation is required to be disclosed in Item 3.
Items 10, 11
Training & Operations
- Classroom training
- 121 hrs
- On-the-job training
- 0 hrs
- Training location
- GRN headquarters, Chicago, Illinois (classroom) plus remote Virtual Office training from designated Business Location
- Ongoing training
- Required
- Field support
- 0 hrs/yr
- On-site visits per year
- Site selection
- franchisee
- Franchisor financing
- Not offered
- Item 10
- POS system
- CAPSX Software
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: CAPSX Software
Item 20 · call current owners
Franchisee Contacts
21 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
GLOBAL RECRUITERS NETWORK · FDD (2026) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a GLOBAL RECRUITERS NETWORK franchise?
The total investment to open a GLOBAL RECRUITERS NETWORK franchise ranges from $33K – $45K, with an initial franchise fee of $20K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do GLOBAL RECRUITERS NETWORK franchise owners earn?
GLOBAL RECRUITERS NETWORK does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Item 19 in the GLOBAL RECRUITERS NETWORK FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the GLOBAL RECRUITERS NETWORK FDD and qualifies whose outlets they describe.
What is GLOBAL RECRUITERS NETWORK's franchise failure rate?
SBA 7(a) loan charge-off data is not available for GLOBAL RECRUITERS NETWORK (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many GLOBAL RECRUITERS NETWORK franchise locations are there?
As of their most recent FDD filing, GLOBAL RECRUITERS NETWORK has 159 total units in the United States, including 159 franchised units and 0 company-owned units. 8 new units were opened in the latest reporting year.
Is GLOBAL RECRUITERS NETWORK a good franchise to buy?
FranchiseVerdict rates GLOBAL RECRUITERS NETWORK as a A-grade franchise with a verdict score of 60 out of 100 (higher is better), based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
Are you the franchisor?
If you represent GLOBAL RECRUITERS NETWORK, you can request corrections or provide updated information.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.