Expense Reduction Analysts (ERA)

Expense Reduction Analysts (ERA)

Business financial consulting
Units as of 2021
678 (3 years)
5%
2021 Franchise 500 Rank
N/R Not ranked last year
Initial investment
$66K - $86K

Company Overview

Expense Reduction Analysts (ERA) is based in Addison, Texas. ERA franchisees offer cost-management consulting services, using the company's proprietary E-SCAN's (Strategy-Costs-Alignment-Numbers) to summarize ways to reduce costs and increase profits and working with management teams to implement these plans. Franchises are located in more than 25 countries.

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About Expense Reduction Analysts (ERA)

Founded
1984
Parent Company
Expense Reduction Analysts (ERA)
Leadership
Dan Fields, Chief Development Officer

Franchising Overview

Franchising Since
1993 (28 years)
# of employees at HQ
60
Where seeking
Franchisor is seeking new franchise units worldwide.
# of Units
678

Franchisor Information

Social
LinkedIn
Corporate Address
16415 Addison Rd., #410
Addison, TX 75001

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Expense Reduction Analysts (ERA) 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
$59,900 - $59,900
Initial Investment
$66,000 - $85,900
Net Worth Requirement
$150,000
Cash Requirement
$100,000
Royalty Fee
15%
Ad Royalty Fee
3%
Term of Agreement
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 Analysts (ERA) has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs

Training & Support Offered

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

On-The-Job Training
90 hours
Classroom Training
30 hours
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Field Operations
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.

Can this franchise be run from home/mobile unit?
Yes
Can this franchise be run part time?
Yes
Are exclusive territories available?
No

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Franchise 500 Ranking History

Compare where Expense Reduction Analysts (ERA) landed on this year’s Franchise 500 Ranking versus previous years.

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Updated: October 23rd, 2020
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