Cleveland-based SearchPath International, a franchisor of search firms, has increased their franchise fee from $40,000 to $45,000, citing additions to staff, new training classes, and enhanced field support as reasons for the hike in fees.
The company has opened 66 offices nationwide since its inception in 2005. Along with the addition of a recruiting coach, SPI has also added a bevy of training classes to SPI University, the company’s learning platform.
Other upgrades were made to SPI’s video web conferencing component, allowing their satellite offices to connect to the main hub with daily coaching and conferencing calls.
The new fee will take effect for all franchise agreements that are created on or after September 2008.
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