Expense Reduction Analysts Franchise Opportunities
The Expense Reduction Analysts franchise began its franchising operations in 1993. Specialized in the provision of services that include business financial consulting, the Expense Reduction Analysts franchise provides clients with vital financial advisory services that help them reduce cost while making judicious use of resources leading to the elimination of wastage.
Founded in 1984, its corporate headquarters is located at #410, Addison, Texas, with Michael Nicholas as its CEO.
These expense reduction analysis operations are carried out using Expense Reduction Analysts franchise’s own proprietary tools which include the E-SCAN’s which interpreted means Strategy-Costs-Alignment-Numbers.
This scans all the cash flow structure and picks out areas that need adjustment or attention as they are very likely to lead to wastage or attract unnecessary costs to the businesses.
Expense Reduction Analysts Franchise Opportunities
An opportunity this franchise opportunity presents to its franchisee is a chance of buying into a global brand with operations spread across more than 25 countries. With a solid track record and a strong brand name that has been built over the years, the Expense Reduction Analysts franchise is the investors delight, as the chances of them succeeding with their own franchise businesses is strong. There are enormous tax benefits all Expense Reduction Analysts franchisees benefit from.
Also, the Expense Reduction Analysts franchisee has the opportunity of owning a consulting business that enables him/her to increase potential earnings, plus the delivery of the much-needed savings to clients in addition to the winning of new accounts.
This creates the perfect opportunity to function optimally creating a win-win situation for both the franchisor and franchisee.
Expense Reduction Analysts Franchise Start-Up Costs
The Expense Reduction Analysts franchise opportunity has a required start-up cost amount all its franchises must incur. These are in the form on an Initial Investment sum starting from $66,000 to $85,900. The cost depends on the franchise size the franchisor buys. The larger the franchise size, the higher the start-up costs incurred.
Expense Reduction Analysts Franchise Fee
The Expense Reduction Analysts franchise initial franchise fee starts from $59,000. However, the Expense Reduction Analysts franchise offers qualified franchise candidates a financing option in the form of a third party financing that covers the franchise fee.
Also, under its veteran incentives program, veterans enjoy a waiver of $5,000 off the franchise fee. This is a way of showing appreciation to the veterans for their selfless service to their country.
Expense Reduction Analysts Franchise Ongoing Costs
The Expense Reduction Analysts franchise has certain ongoing costs that must be paid by its franchisees. These include an Ongoing Royalty fee of 15% and an Advert Royalty fee of 3%.
Expense Reduction Analysts Franchise Training and Support
The Expense Reduction Analysts franchise ensures that all its franchisees are well trained to be reliable consultants to their clients. The training program, provided to new franchisees and their managers is aimed at ensuring that the business does not suffer due to lack of required skills and knowledge.
The training program lasts a period of 10 days at its corporate headquarters. There is also an on-site training based on request from the franchisee.
Support includes both ongoing support and marketing support. For the franchisors ongoing support, it covers areas that include field operations, the provision of internet services, a toll-free line, periodic newsletter publications and meetings. Others are the provision of security, a grand opening ceremony, and purchasing cooperatives.
For marketing support, it covers the placing of adverts in both national and regional media. Also, there is cooperative advertising.
Expense Reduction Analysts Franchise Terms of Agreement/Renewal
The Expense Reduction Analysts franchise under its terms of agreement has a franchise contract term lasting a 10 year period. However, franchises are given an option to renew their franchises. Under the renewal agreement, franchisees can renew their franchises for 2 terms lasting a period of 5 years each.
How to Start an Expense Reduction Analysts Franchise
To start the process leading to ownership of an Expense Reduction Analysts franchise, an indication of interest needs to be made to the franchisor. This can be done through visiting the franchisors website on http://www.expensereduction.com/recruitment/home/ there is an online application form termed “Take Control Today” this form requires personal details to be typed into the provided spaces. When through, click on the “Let’s Get Started” button which redirects you to the application page proper.
An alternate way is to click on the “Take Control of Your Future” button. This redirects you to the same application page where you can easily follow the laid out procedure which is quite easy to follow.
After the application process is complete, a representative contacts both through phone and email for further investment discussions which may lead to a physical meeting arranged between the franchise candidate and the other notable representatives of the franchisor.
This article has beamed its searchlight on the Expense Reduction Analysts franchise. Important information required for making prudent investment decisions have been included to ensure that the prospective franchisee is well guided in making informed investment choices. These include the start-up cost sum, the franchise fee, the ongoing costs among other related financial commitments that may arise.