Click to Print This Page
Entrepreneur: Start & Grow Your Business

Expense Reduction Analysts Inc.

Cost-reduction consulting

Background

Founded: 1984 Franchising since: 1984
5050 Avenida Encinas, #200
Carlsbad, California 92008
Phone:
(760)712-3609

Franchisee Association
Licensee Advisory Council (LAC)

Franchisor is a privately-held company with 64 employee(s)

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 287 15 490 0
2008 206 0 0 0
2007 165 27 330 0
2006 50 39 312 0
2005 38 30 52 0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Worldwide

Costs and Fees

Total investment: $65.1K-81.3K
Franchise fee: $59.9K
Ongoing royalty fee: 15%
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No No
Startup Costs No No
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $150K
Cash liquidity requirement: $54K-70K
Business Experience:
  • General business experience

Operations
  • Franchise can be run from home
  • 6% of all franchisees own more than one unit
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters
  • Available at franchisee's location

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Internet
  • Field operations/evaluations

Marketing Support
  • Co-op advertising
  • Ad slicks
  • Regional advertising

Other marketing support
  • Direct marketing

Rankings

Franchise 500® rank:
#124 (2009); #217 (2008);

Ranked #1 in category in:
2009;

Fastest-Growing Franchises:
#40 (2009);

Top Home Based Franchises:
#29 (2009); #50 (2008);

America's Top Global Franchises:
#97 (2009); #171 (2008);