Expense Reduction Analysts Franchise

Expense Reduction Analysts® offers a unique consulting practice that specializes in helping client organizations reduce ongoing business expenses in areas such as printing, freight, equipment maintenance, courier services, telecommunications, janitorial services, and office supplies. Operating under the parent company Expense Reduction Analysts International, Ltd., based in London, UK, this franchise opportunity aims to optimize business expenses for companies with annual gross revenues below $250 million.

Why Choose Expense Reduction Analysts?

• Operate within a proven business model with a focus on cost reduction consulting.
• Leverage the recognized brand and the support of a global network.
• Capitalize on a growing need for expense management in businesses.
• Flexible business model catering to numerous industry sectors.
• In-depth training and ongoing support to ensure your success.

Financial Information

Initial Investment: The initial investment ranges from $66,100 to $81,750, which includes:

• Initial License Fee: $59,900
• Permits and Licenses: $100 - $500
• Computer Hardware and Software: $0 - $3,000
• Furniture and Equipment: $0 - $3,000
• Utility and Equipment Deposits: $0 - $350
• Supplies Inventory: $100 - $1,000
• Insurance: $1,500 - $2,000
• Organizational Expenses: $0 - $3,000
• Training Expenses: $2,500 - $3,000
• Additional Funds: $2,000 - $6,000

Ongoing Fees

• Marketing Fund Contributions: 3% of Gross Receipts
• Renewal Fee: $5,000
• Transfer Fee: $5,000
• Interest on Late Payments: 18% per year
• CRM Software License Fee: $1,000
• Training Fee: $15,000
• National Meeting Registration: $1,000 plus out-of-pocket travel and lodging expenses

Training and Support

The initial training program for franchisees takes place over six days at a classroom facility in San Diego, California. This comprehensive training ensures that you have the knowledge and tools required to operate your consulting practice successfully. Additionally, ongoing support and national meetings provide continuous learning and networking opportunities.

Territory Details

Expense Reduction Analysts does not grant exclusive territories. Franchisees may face competition from other franchisees, franchisor-owned outlets, or other competitive brands within their area. The number of licensees established in an area depends on the number of target businesses (annual gross revenue under $250 million).

Term of Agreement and Renewal

The franchise agreement has a term of 10 years with options to renew for consecutive terms of 5 years each.

Franchisee Obligations and Restrictions

Franchisees must commit to full-time management and operation of the consulting practice. Under the license agreement, franchisees are authorized to negotiate and enter service agreements with clients on behalf of the franchisor.

Key Takeaways

• Proven business model in the cost reduction consulting sector.
• Comprehensive training and ongoing support.
• Initial investment ranging from $66,100 to $81,750.
• Non-exclusive territories with the potential for internal competition.
• 10-year franchise agreement with renewal options.

For more detailed information regarding the Expense Reduction Analysts franchise opportunity, download the Franchise Disclosure Document or fill out the free information request form on this page.