As an ERA franchisee, you will help your clients optimize their overhead expenditure and create opportunities for further growth while also minimizing their risk through our “No Savings, No Fee” business model. The company was founded in 2002 and has coached thousands of business professionals across the globe. The company has been franchising since 2003, that is about 16 years ago. The Growth Coach has her corporate head office at 4755 Lake Forest Dr. Cincinnati, OH and the current CEO of the company is Gary Green and the Parent Company of The Growth Coach is Strategic Franchising. Expense Reduction Analysts is an extremely successful franchise business in 33 countries worldwide, including US, UK, Australia, etc. It is rated the No.1 business finance consulting franchise in Entrepreneur Magazine US January 2010 and offers one of the best returns on investment you will find in the franchise market.
Franchise startup costs can be as low as $10,000 or as high as $5 million, with the majority falling somewhere between $100,000 and $300,000. The price all depends on the industry, location and type of franchise.
Enquire About This Opportunity
Cincinnati-based The Growth Coach franchisees help their clients achieve increased business performance by offering business and sales training workshops in areas like performance Expense Reduction Coaching Franchise Cost management, team building, and sales mastery. Trainings are presented in a number of series, which help business owners move from fundamentals to growth in rapid succession.
- If your business or target prospect is extremely unusual, but still feasible of franchising, you should anticipate costs towards the higher end.
- Our work generates significant monthly savings going forward, and vendor refunds and credits looking back.
- You should review these figures carefully with a business advisor before making any decision to purchase the franchise.
- Consultant rates range from $50,000-$250,000, and may or may not include a feasibility study, marketing materials, website design and hosting, or other segments of the overall cost.
- The items that Kumon will provide will include what we deem to be a sufficient number of tables, stools, cabinets, shelves and chairs.
- Item 7 of this document estimates the funds needed for the initial purchase and the working capital thereafter.
Expense Reduction Analysts offer qualified individuals the right to serve as our “Area Representative” within a given territory. Given the number of franchise options available, Expense Reduction Analysts represents one of the lowest cost investments for potential business owners. The total initial investment to open your own Expense Reduction Analysts franchise ranges from $66,000 to $85,900, including an initial franchise fee of $59,900.
Franchise Requirements Needed To Own A Expense Reduction Analysts Franchise
Read on to learn more about the Chem-Dry business opportunity and whether it’s the right franchise for you. Franchisors may partner with lenders to create custom financing programs that cover the cost of franchise licensing, equipment, resources and other expenses. In some cases, franchisors will ask that all their franchises use the same type of furniture. In others, the franchisee may be able to use their existing furniture.
- We are a franchise family that backs you up with all of the systems and tools that you need to be successful.
- I prefer not to provide my Available Cash to Invest, but I do have access to the Minimum Cash Required for the franchises I am inquiring about.
- If franchisees don’t have the cash to cover the franchise licensing fee and other startup costs, they will have to apply for a loan with the franchisor, a bank or some other lender.
- Additionally, most franchisors end up doing significant re-writes of the FDD in year 2 and 3, as they realize that the documents don’t quite match the way we they want to do business.
- ADP is a better way to work for you and your employees, so everyone can reach their full potential.
Upon implementation of our recommendations, ERC shares the savings with your company during a specified period of time. Most importantly, we do not represent any suppliers and are completely objective.
Franchising Tools & Resources
As their name implies, Texas-headquartered Expense Reduction Analysts franchisees help businesses cut costs and improve cash flow, which is a critical need in turbulent economic times. The company has been highly successful, expanding to more than 650 franchises in 30 countries since beginning its growth in 1992. Expense Reduction Analysts focuses on 13 industries, including hospitality, retail, healthcare and education, which have all been hit hard by the COVID-19 pandemic. To learn more about buying a franchise from Expense Reduction Analysts, click here.
Access to knowledge base for best practices, project methodolgy, sales & marketing materials, etc. Yes, If you have a 401k or IRA with a value of 50k or more, a financial advisor can help you utilize it to buy a business.
How Much Does An Expense Reduction Analysts Area Developer Franchise Make?
In 2021, Schooley Mitchell was recognized by FranServe, Inc. as a top 100 Game Changer in the franchising world. This is the third consecutive year we have been recognized for our commitment to supporting entrepreneurs in realizing their business-ownership dreams. Our Consultants can expect ongoing and extensive Training & Support from day one, provided by a Team of over 40 full time staff members based in our North American, European and Australian Training & Support Centers. However, ERA’s 20+ years of experience in delivering over 18,000 client projects consistently shows that the vast majority of companies are systematically over-paying their suppliers.
The dynamic and energetic leadership team are overseen by the original founder – Fred Marfleet – who started Expense Reduction Analysts back in 1992. Driven and rewarded by franchisee success, you simply must meet them to get a feel for the inspiring warm atmosphere within the network. Have an initial chat and then join one of the ‘Meet the Team’ sessions to learn more. https://accountingcoaching.online/ The franchises below offer opportunities to sell or buy a business, but also provide growth coaching, which can be a critical need depending on your current situation. This kind of environment favors franchises that support other business owners, and we believe that these franchise are the eight best for supporting other business owners during an economic recovery.
Want A Deeper Dive Into The Costs & Fees Associated With Ownership?
High Achievers has her corporate head office at 4994 Lower Roswell Rd., #11 Marietta, GA and the current CEO of the organization is Mr. David Alexander. High Achievers is seeking new franchise units in the United States of America and across the world. Operating primarily from home-based offices, ERA franchisees utilize the skills and experiences of one another to form project teams focused on the client’s individual needs. This provides you with a business model that has enormous flexibility and enables you to play to your strengths. Success is dependent on networking and forging lasting relationships with clients’ C-suite.
Delivering double-digit percentage savings, the ERA network leverages market intelligence and cost category experience, built since 1992. Social Media– Whether you like it or not, social media is here to stay, and it’s changing every day. Our corporate marketing staff will guide and support your local social media marketing efforts to ensure you’re building your online reputation, managing reviews and, in the end, growing your clientele. Our highly customized Database will also show you the stats and health of your cost reduction business opportunities. From activity and revenue reporting and tracking, to tracking prospect outreach and current audit statuses, keeping the pulse on your business is at the tip of your finger.
Expense Reduction Analysts proudly offers VetFran qualified veterans a discount of $5,000 off the Initial Franchise Fee. Expense Reduction Analysts is one of the world’s leading specialists for cost management. We follow that up with research that lets you know what your options are. Then you select your options and we implement and finish with months of monitoring.
I think it could be a very strong value add to those considering joining ERA – and not just because of the learning, but also as an introduction to the network. It really backs up everything we’re told in the lead up to signing an ERA contract.” – Alex, franchisee since 2021. My wife joined me in the business a few years later and we are now a team of 7.
During the term of the Franchise Agreement, you are required to maintain the exterior sign in good condition. You must pay for the cost of any repairs to the exterior sign that we require. At the end of our franchise relationship, we will remove the primary exterior sign; however, you must reimburse us for any and all expenses that we incur for removal of the sign. Pursuant to Kumon’s sign policy, contained in our Operations Manual, we will pay for and install one exterior sign for the facade of your commercial space. The cost of sign fabrication is currently estimated by us to be between $4,800 and $7,000. We’ll split the cost of $4,000 of local marketing in your first three months with you. To give you time to build up your student base, you won’t pay anything towards this program until your 5th and 6th months when you’ll be billed $1,000 in each month.
Find A Franchise
Brad Sugars started the consulting firm Action International in 1993 from his home in Brisbane, Australia. In ten years, the firm grew into an international franchise with offices in New Zealand, Asia, United States, Canada, Mexico and Europe. If you are looking for information on the Expense Reduction Analysts franchise business opportunity, Expense Reduction Analysts franchises or Expense Reduction Analysts franchising, then you have come to the right place.
Our proven business model presents a well-trodden path to building your own successful consultancy practice. Starting-up with ERA is a low-cost low risk way to grow your own business within a network of like-minded, driven and successful people. The ERA brand provides the credibility and systems for your consultancy business to work with any scale of business.