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2021 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$54K - $64K
Units as of 2017
126 152.0% 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

Founded
1983
Leadership
Dennis Schooley, CEO

Franchising Overview

Franchising Since
1997 (24 years)
# of employees at HQ
50
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees in the following international regions: Canada

# of Units
126 (as of 2017)

Franchisor Information

Social
Facebook, Twitter
Corporate Address
1030 Erie St.
Stratford, ON N4Z 0A1

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
$51,500
Initial Investment
$54,000 - $64,250
Net Worth Requirement
$125,000
Cash Requirement
$75,000
Veteran Incentives
$5,000 off franchise fee
Royalty Fee
8%
Ad Royalty Fee
2%
Term of Agreement
10 years
Is franchise term renewable?
Yes

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.

On-The-Job Training
5 days
Classroom Training
5 days
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Marketing Support
Co-op Advertising
Ad Templates
Regional Advertising

Operations

Additional details about running this franchise.

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

Franchise 500 Ranking History

Compare where Schooley Mitchell landed on this year’s Franchise 500 Ranking versus previous years.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021