Expense Reduction Coaching

Expense Reduction Coaching

Not Ranked

Initial Investment

LOW: $66,000
HIGH: $74,250

Change in Units

Promoted Opportunities

Company Profile

Founded

1993

Franchising Since

2001 (15 Years)

Corporate Address

900 Main St. S., Bldg. 2 Southbury, CT 06488

CEO

Terry Powell

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 client’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.

Financials

Financial Requirements

Initial Investment

$66,000 - $74,250

Net-worth Requirement

$199,000

Liquid Cash Requirement

$66,000

Ongoing Fees

Initial Franchise Fee

$45,000

Ongoing Royalty Fee

5-15%

Financing Options

Expense Reduction Coaching has relationships with third-party sources which offer financing to cover the following: 
franchise fee

Veteran Incentives


15% off franchise fee

Franchise 500® Rank History

  • 2011 - 346
  • 2012 - 353
  • 2013 - 372

* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training at headquarters: 5 days

Additional Training: Ongoing virtual training, mentor

Ongoing Support
Newsletter
Meetings
Toll-Free Line
Internet
Field Operations

Marketing Support
Ad Slicks
Regional Media
National Media

Absentee Ownership Allowed

Number of employees required to run: 1

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: July 16th, 2014

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