Expense Reduction Coaching

Cost-reduction services and coaching
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Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$66K - $74K
Unit data is unavailable
N/A

Company Overview

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.

About Expense Reduction Coaching

Industry Financial Services
Related Categories Business Financial Services, Miscellaneous Business Services, Miscellaneous Financial Services
Founded 1993
Leadership Terry Powell, CEO
Corporate Address 900 Main St. S., Bldg. 2
Southbury, CT 06488

Business Overview

Franchising Since 2001 (24 years)
# of employees at HQ 35

Information for Franchisees

Here's what you need to know if you're interested in opening a Expense Reduction Coaching 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
$45,000
Initial Investment Information Circle
$66,000 - $74,250
Net Worth Requirement Information Circle
$199,000
Cash Requirement Information Circle
$66,000
Veteran Incentives Information Circle
15% off franchise fee
Royalty Fee Information Circle
5-15%
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 Expense Reduction Coaching has relationships with third-party sources which offer financing to cover the following: franchise fee

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
Newsletter
Meetings & Conventions
Toll-Free Line
Online Support
Field Operations
Marketing Support
Ad Templates
National Media
Regional Advertising

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
No
# of employees required to run 1
Are exclusive territories available? Information Circle
Yes
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Disclaimer
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