Expense Reduction Coaching

At a Glance

Products & Services: Cost-reduction services and coaching

Number of Locations: 12

Total Investment: $66K - $74.3K

Founded: 1993

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 client̢۪s 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.

Franchise Units

Year U.S. Canadian International Company Owned
2014 12 0 0 0
2013 22 1 0 0
2012 26 0 0 0
2011 25 0 0 0
2010 13 0 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $66,000 - $74,250
Franchise Fee: $45,000
Ongoing Royalty Fee: 5-15%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 15% off franchise fee
Financial Requirements
Net Worth: $199,000
Liquid Cash Available: $66,000
Operations
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).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 5 days. Ongoing virtual training, mentor
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations
Marketing Support: Ad slicks, National media, Regional advertising,
Other marketing support: PR

Franchise Ranking History

Franchise 500®: #372 (2013), #353 (2012), #346 (2011),

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