i4 Search Group Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$65,300 - $271,100
Franchise Fee
$50,000
Total US Locations
39
Business Summary
i4 Search Group offers permanent placement recruitment services specializing in various healthcare fields. It connects healthcare facilities and providers with professionals across distinct specialty lines such as Nursing, Advanced Practice, Administration, Leadership, Allied Health Professionals, Providers, Dental, and Veterinary roles. Franchisees operate this business from a home-based office, conducting recruitment activities primarily through phone and email.
Corporate History
i4 Franchise Development Inc. was established as an Arizona corporation on November 2, 2020. The company began offering i4 Search Group franchises on January 28, 2021. i4 Search Group provides permanent placement recruitment services for healthcare facilities and providers. The franchisor does not operate businesses of the type offered to franchisees, but its affiliate, i4 Search Group LLC, which owns the Licensed Marks, has operated a similar recruiting business since November 2019.
Financial Overview
Investment Range
$65,300 - $271,100
Franchise Fee (Low)
$50,000
Franchise Fee (High)
$240,000
Royalty %
14%
Marketing %
3%
Equipment Costs (Low)
$1,500
Equipment Costs (High)
$4,000
Working Capital
$7,500
Audited Financials
Yes
Offers Financing
Yes
Audit Opinion
Unqualified opinion
Financial Health Notes
The FDD highlights a special risk regarding i4 Franchise Development Inc.'s financial condition, stating it calls into question the franchisor's financial ability to provide services and support to franchisees. Financial statements show i4 Franchise Development Inc. has incurred net losses, specifically $(5,565) in 2024 and $(178,348) in 2023. Additionally, i4 Franchise Development Inc. has a substantial accumulated deficit, resulting in negative stockholders' equity of $(730,587) in 2024 and $(605,728) in 2023.
Financing Details
i4 Franchise Development Inc. generally does not offer direct or indirect financing, nor does it guarantee any franchisee notes, leases, or other obligations. However, the franchisor has, in the past, offered payment plans for the Initial Franchise Fee in installments to a few franchisees. The decision to offer such a payment plan is entirely at i4 Franchise Development Inc.'s discretion and is evaluated on a case-by-case basis.
Performance Metrics
Total US Locations
39
Franchised Units
38
Corporate Units
1
Franchising Since
2021
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
i4 Search Group has no litigation to report. The FDD states that no litigation is required to be disclosed in Item 3.
Bankruptcy History
i4 Search Group has no bankruptcy history to report. The FDD states that no bankruptcy is required to be disclosed in Item 4.
Agreement Terms
Initial Term
8 years
Renewal Term
5 years
Renewal Conditions
To renew, i4 Search Group franchisees must comply with the terms of their Franchise Agreement and provide written notice of their renewal request between 180 and 270 days before the current term expires. Franchisees must also sign i4 Franchise Development Inc.'s then-current Franchise Agreement and related agreements for the renewal term, which may have different terms. A general release must be signed in favor of i4 Franchise Development Inc., and a renewal fee must be paid. Additionally, all owners and their spouses must be in compliance with their agreements and personally guarantee the terms of the renewed agreement.
Training & Support Program
Franchisor Assistance
i4 Search Group provides significant assistance to its franchisees. Before opening, i4 Search Group grants the franchise, approves the operating territory (allowing for home-based administrative offices), and provides access to confidential operations manuals and a list of approved suppliers. The franchisor also provides a list of approved signage, equipment, furniture, and fixtures, and will locate the franchisee's business on the i4 Search Group website while strictly controlling digital media use. Initial training for the managing owner and one manager is provided at no additional cost for about 15 business days in West Chester, Ohio, though franchisees cover travel and lodging. Post-opening, i4 Search Group communicates operating standards, marketing standards, and approved vendors. The franchisor may coordinate an annual conference (with a required attendance fee) and offer supplemental training for a fee if requested or required. Training for replacement managers is also available for a fee. i4 Search Group administers marketing funds and provides essential technology tools like the LOXO applicant tracking system and VXT phone/text subscriptions. Franchisees are responsible for their own employee hiring, training, and pricing, though the franchisor may suggest pricing levels.
Initial Training Hours
97
Training Location
West Chester, Ohio
Ongoing Support
i4 Search Group provides ongoing support to its franchisees after opening. This includes communicating updated operating standards, marketing guidelines, and lists of approved vendors. The franchisor may organize an annual system conference, requiring franchisee attendance. Supplemental training is offered, either upon request or if performance standards are not met, at a cost of $250 per trainer per day plus expenses. Training for replacement operating managers is also available for a fee of $500 per person per day. Additionally, i4 Search Group administers system-wide marketing funds and ensures franchisees have access to and maintenance of designated technology tools like the LOXO applicant tracking system and VXT phone and text subscriptions.
Franchise Requirements
Ideal Candidate Profile
The i4 Search Group is looking for a Managing Owner who will be personally responsible for the daily management and supervision of the franchised business, dedicating full-time efforts to its operation. This individual must be approved by i4 Franchise Development Inc., have satisfactorily completed initial training, and obtained all necessary licenses and permits. Owners of the franchise must be of good moral character, possess sufficient business experience, aptitude, and financial resources, and meet i4 Franchise Development Inc.'s standards for franchisees. Proposed transferees and their owners/spouses must not own or intend to operate a competitive business. Additionally, all Owners and their spouses must personally guarantee all franchise obligations.
Industry Experience Required
No
Management Experience Required
Yes
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Home-Based
Owner Participation
Full-Time
Territory Type
Non-Exclusive
Territory Size Requirements
i4 Search Group defines its territories based on population. A Tier 1 Territory has a population of less than six million people. A Tier 2 Territory includes a population of six million to less than eight million, while a Tier 3 Territory is defined by a population of eight million or greater. Franchisees may also purchase additional territories.
Staffing Notes
i4 Search Group does not provide assistance with hiring or training employees; franchisees are solely responsible for managing and supervising their staff. Franchisees must ensure all employees wear approved i4 Search Group branded uniforms and apparel. They are also responsible for monitoring that all System Designated Resources and Approved Services and Products meet the System's standards and are prepared, maintained, and served according to the operations manuals.