Global Recruiters NetworkFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
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 2025 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $33K – $45K
- 7th pct Business Serv…
- Avg gross sales
- N/A
- 29th pct Business Serv…
- Royalty
- 10.0%
- 28th pct Business Serv…
- Units
- 181
- 46th pct Business Serv…
- SBA default
- 100.0%
- system-wide median varies by category
Quick verdict · Business Services · color = vs category peers
Green = >15% above Business Services avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- Total investment $33K – $45K including a $20K franchise fee, 10.0% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict A (Top Quintile) with a risk score of 46/100.
- No 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
- 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
- DE
- HQ
- 200 S. Wacker Drive, Suite 1300, Chicago, Illinois 60606
- Auditor
- Baker Tilly US, LLP
- Audited financials
- Franchisor revenue
- $4.7M
- vs $4.2M prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Overview
About
Global Recruiters Network franchisees operate recruitment placement services, connecting job candidates with employers and generating revenue through placement fees and retained search contracts. Day-to-day activities include candidate sourcing, client prospecting, interview coordination, and relationship management within their assigned geographic area.
- CEO
- Bradford A. Baiocchi
- Headquarters
- IL
- Founded
- 2002
- FDD year
- 2025
- States available
- 35
FDD Item 7 · 2025 filing · 12 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
- Better than avg vs category
- Liquid capital req'd
- $700 – $4K
- Better than avg vs category
- Franchise fee
- $20K – $25K
- Better than avg vs category
- Royalty
- 10.0%
- percentage_of_gross · 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 |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Business Services averages
How Global Recruiters Network Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 181
- Opened
- 8
- Last reporting year
- Closed
- 7
- Terminated
- 7
- Franchisor ended the franchise (per Item 20)
- Turnover rate
- 3.9%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Multi-unit owners
- 8.0%
- Net growth (yr3)
- +0.6%
- Net unit change last year
- 3-yr CAGR
- -3.2%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 0
- 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 · 18 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
- 100.0%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 0.0%
- 5-yr charge-off
- 100.0%
- Loans approved 2021+
- Active lenders
- 1
- Defaults
- 1
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Global Recruiters Network's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 1 lenders with concentration factor
- Per-state charge-off rates across 1 states
- Startup risk premium and job creation velocity
- 1-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
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 required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Baker Tilly US, LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
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 46 / 100 rating
- 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
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| 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 |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | DuPage County, Illinois |
| Jury trial waiver | Yes |
| Governing law | Illinois |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 121 hrs
- On-the-job training
- 0 hrs
- Training location
- Chicago, Illinois or Virtual Office
- Field support
- 0 hrs/yr
- On-site visits per year
- Site selection
- joint
- Franchisor financing
- 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
28 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
GLOBAL RECRUITERS NETWORK · FDD (2025) 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 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 181 total units in the United States, including 181 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 risk score of 46 out of 100, 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
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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.