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DBelow average38/100FDD 2023

Management Recruiters: Litigation & Risk

Business Services · FDD Items 3, 4 & 5

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Moderate: Review

3 cases disclosed in FDD Items 3 and 4.

Source: FDD Items 3–5

FDD Items 3 & 4

Litigation Metrics

Cases disclosed
3
Total from FDD Items 3 and 4
Bankruptcy (Item 4)
None
Franchisor or officer bankruptcy
Verdict score
38 / 100
FranchiseVerdict composite · higher is better
Rating
D
A / B / C / D / F verdict grade

7(a) FOIA data · FY2020–present

SBA Loan Performance

Aggregated from public SBA 7(a) loan disclosures. Charge-off rate is the share of loans that were charged off or settled for less than the full balance.

Total 7(a) loans
94
Government-backed loans issued
Charge-off rate
10.0%
vs 16% franchise average
5-yr charge-off rate
N/A
Defaults
8 loans
Loans charged off or defaulted
Total loan volume
$16.8M
Avg loan size
$179K
Participating lenders
38

FDD Items 5, 6 & 17: What You Give Up

Contract Risk Indicators

Mandatory arbitration
Required
Disputes resolved outside court, limits your legal options
Jury trial waiver
Waived
You give up the right to a jury trial
Non-compete
2 yrs
Post-termination restriction on similar businesses
Franchisor can compete
Yes
Franchisor can open competing locations in or near your territory
Right of first refusal
Yes
Franchisor can match any purchase offer when you try to sell
Governing law
SC
State whose law governs disputes. Relevant if you're not based there

Extracted from FDD Item 3

Litigation Detail

3 concluded cases involving predecessor franchisor Management Recruiters International, Inc.: breach of contract/royalty non-payment cases settled; largest settlement $300,000 received from Gre-ter Enterprises

What drove the 38/100 verdict

Risk Score Breakdown

  1. 01MEDUnit count declined 17.5% YoY (203 units) indicating system contraction and franchisee viability concerns
  2. 02MINORAverage revenue of $28,940.86 is extremely low for a staffing/recruitment franchise and suggests most units are underperforming
  3. 03MINORNo Item 19 (Net Income) disclosure prevents accurate ROI assessment and raises transparency concerns
  4. 04HIGHPredecessor franchisor litigation history includes $300,000 settlement for encroachment and fund mismanagement—material governance red flag
  5. 05MINORNo territory protection creates direct competition risk and race-to-bottom pricing dynamics among franchisees
  6. 06HIGHGoing Concern status of 'False' suggests franchisor financial instability or restructuring concerns
  7. 07MEDRoyalty structure on disclosed average revenue ($28,940) yields only $2,604 in annual royalties—unit economics appear unsustainable

Severity inferred from FDD text. Not a regulatory or legal classification

Litigation data from FDD Items 3, 4, and 5. SBA data from public 7(a) FOIA records (FY2020–present). Not legal advice. Consult a franchise attorney before signing any franchise agreement.