Expense Reduction Analysts Franchise Cost & Fees
Date of Incorporation: 2002
Franchising Since: 2002
Headquarters: Kent, UK (Head office in America: California)
Description: Expense Reduction Analysts® Consulting Practice helps client organizations reduce on-going business expenses, such as those incurred for printing, freight, equipment maintenance, courier service, telecommunications, and janitorial service and office supplies. Their parent company is Expense Reduction Analysts International, Ltd. London, United Kingdom.
Franchise Offer: The business the franchisee will operate under the License Agreement is a Consulting Practice that helps client organizations reduce on-going business expenses, such as those incurred for printing, freight, equipment maintenance, courier service, telecommunications, and janitorial service and office supplies. The primary market for the Consulting Practice is companies with annual gross revenues below $250 million.
Financial Assistance: The franchisor does not offer any direct or indirect financing nor do they guarantee any note, lease or obligation.
Training and Assistance: The franchisee or the person who has been appointed and the franchisor has certified as professional operator of the Consulting Practice must faithfully attend all phases of the initial training program and complete it to the franchisor’s satisfaction. The initial training program will take place at a classroom facility in the San Diego, California, area. The entire training program consists of six days of pre-opening training.
Territory: The franchisor does not grant an exclusive territory. The franchisee may face competition from other franchisees, from outlets that the franchisor owns, or from other channels of distribution or competitive brands that they control. The maximum number of licensees the franchisor will establish within an Area depends upon the number of prospects (businesses with annual gross revenue under $250 million) in the Area.
Term of Agreement and Renewal: The term of the franchise agreement is 10 years with an option to renew for consecutive terms of 5 years each.
Obligations and Restrictions: The franchisor must devote full time and effort to the management and operation of the Consulting Practice. Under the License Agreement, the franchisor authorizes the franchisee to act as their agent for the limited purpose of negotiating and entering into service agreements with clients that the franchisee designates.
Total Number of Units: 800 units.
|Initial License Fee||$59,900||$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|
|Name of Fee||Amount|
|Marketing Fund Contributions||3% of Gross Receipts|
|Interest on Late Payments||18% per year|
|CRM Software License Fee||$1,000|
|National Meeting Registration||$1,000 plus out-of-pocket travel related expenses and lodging at the designated hotel|
|Training and Annual Meeting Costs||Incidental costs for transportation, lodging and meals|
|Cost of Audit||The franchisor’s out-of-pocket expense
Date of FDD: 2009
The above information has been taken from the UFOC/FDD and online sources of Expense Reduction Analysts.
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