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Franchise 500 2023
Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$68K - $95K
Units as of 2017
126 Increase 152.0% over 3 years

Company Overview

Formerly an accounting business, Schooley Mitchell got into telecommunications consulting when one of its co-founders wanted to find a better to analyze the company's phone bills. Today Schooley Mitchell franchisees help clients review their telecommunications providers, suppliers and equipment so they choose the services that best fit their needs.

About Schooley Mitchell

Industry Business Services
Related Categories Miscellaneous Business Services, Business Coaching & Consulting
Founded 1983
Leadership Dennis Schooley, Founder
Corporate Address 1030 Erie St.
Stratford, ON N4Z 0A1
Social Facebook, Twitter, LinkedIn, Instagram

Business Overview

Franchising Since 1997 (27 years)
# of employees at HQ 50
Where seeking

This company is offering new franchises worldwide.

# of Units 126 (as of 2017)

Information for Franchisees

Here's what you need to know if you're interested in opening a Schooley Mitchell franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$68,000
Initial Investment Information Circle
$68,000 - $95,000
Net Worth Requirement Information Circle
$150,000
Cash Requirement Information Circle
$100,000
Veteran Incentives Information Circle
$5,000 off franchise fee
Royalty Fee Information Circle
8%
Ad Royalty Fee Information Circle
2%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing Schooley Mitchell has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

Classroom Training 5 days
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed? Yes
Can this franchise be run from home/mobile unit? Information Circle
Yes
Can this franchise be run part time? Information Circle
Yes
Are exclusive territories available? Information Circle
Yes
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The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022