Entrepreneur's Source vs LMI Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Entrepreneur's Source vs LMI including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Entrepreneur's Source Franchise
LMI Franchise
Investment $92,450 - $100,750$20,000 - $27,500
Franchise Fee $55,000$15,000
Royalty Fee 25%6%
Advertising Fee $750/mo.-
Year Founded 19841980
Year Franchised 19971998
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $5K-


Business Experience Requirements
 
Entrepreneur's Source Franchise
LMI Franchise
Experience --

Financing Options
 
Entrepreneur's Source Franchise
LMI Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/Yes-/-
Start-up Costs No/Yes-/-
Equipment No/No-/-
Inventory No/No-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support
 
Entrepreneur's Source Franchise
LMI Franchise
Training On-The-Job Training: 252 hours Classroom Training: 77 hours Additional Training: Ongoing virtual training, mentor -
Support Newsletter Meetings/Conventions Online Support Field Operations Franchisee Intranet Platform -
Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing -
Operations Franchise can be run from home.

Absentee ownership allowed. (100% of current franchisees are owner/operators)

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Expansion Plans
 
Entrepreneur's Source Franchise
LMI Franchise
US Expansion Yes-
Canada Expansion YesNo
International Expansion YesNo

Company Overviews

About Entrepreneur's Source

The Entrepreneur's Source, a franchise-consulting firm, was founded by Terry Powell in 1984. The company matches clients to franchise opportunities by conducting interviews, filling out profiles and assessing a client's goals, needs and expectations. The Entrepreneur's Source also educates clients on the basics of franchising and other business options. Clients pay nothing for their consultation; instead, The Entrepreneur's Source earns its income from the franchisors it recommends.

Veteran Incentives  15% off franchise fee

About LMI

LMI Canada is a leading personal, organizational and management development company with affiliate organizations around the world. We provide a PROVEN process that MEASURABLY increases performance and results in organizations. This typically guarantees a 10 times return on investment to clients in results measured through implementation of our processes that encompass leadership, management, productivity, communication, sales & assessments that deliver permanent attitude and behaviour changes.

Becoming an LMI franchisee offers a number of benefits: Low start-up costs, a proven people development system, time-tested products, no territorial boundaries and a support structure that is second to none. There are no royalties or franchise fees after the licensee fee is paid. Licensees must order product from the Canadian Head office, which takes on the currency, shipping, inventory, and customs risks so that the licensee can just focus on selling and servicing his/her clients.

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#189 in Franchise 500 for 2020.