Rank no. 372 – Expense Reduction Coaching – US
Products & Services: Cost-reduction services & coaching
Number of Locations: 23
Total Investment: $66K – 77.05K
Began Franchising: 2001
About Expense Reduction Coaching
Expense Reduction Coaching (ERC) franchisees use ERC’s proprietary software to help companies reduce long-term costs and profit by sharing 50 percent of the newfound cost savings. Franchisees analyze each clientâ��s expenses, negotiate with suppliers and make recommendations. Expense Reduction Coaching is part of Franchise Source Brands International, which also franchises The Entrepreneur’s Source, AdviCoach, Business Partner Marketing Coach, Expense Reduction Coaching, Decor&You and DigiKids.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $45,000
Ongoing Royalty Fee: 5-15%
Term of Franchise Agreement: 10 years, renewable
Net Worth: $199,000
Liquid Cash Available: $67,200
Franchise can be run from home. 2% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 1. Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators).
|FINANCING TYPE||IN-HOUSE||THIRD PARTY|