Entrepreneur's Source vs Schooley Mitchell Franchise Comparison

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

Start-Up Costs and Fees

Entrepreneur's Source Franchise
Schooley Mitchell Franchise
Investment $92,450 - $100,750$66,500 - And Up
Franchise Fee $55,000$68,000
Royalty Fee 25%8%
Advertising Fee $750/mo.2%
Year Founded 19842004
Year Franchised 19972004
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $5K-

Business Experience Requirements

Entrepreneur's Source Franchise
Schooley Mitchell Franchise
Experience --

Financing Options

Entrepreneur's Source Franchise
Schooley Mitchell 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
Schooley Mitchell Franchise
Training On-The-Job Training: 252 hours Classroom Training: 77 hours Additional Training: Ongoing virtual training, mentor The training provided comes in various formats. First of all, there is a 5-day initial training course held at Schooley Mitchell Corporate Office - this training can also be done remotely as well. All new Franchisees are required to take the initial training course before they begin work in a Schooley Mitchell Franchise.This training covers the operations, marketing, sales, business building and relationship building processes that are effective for Schooley Mitchell Franchisees. The course includes basic technical training and more importantly, instruction on the use of our reference manuals. It includes instruction on how to use the continuous training facilities through The Warehouse, our Intranet environment as well as two days of training using the actual software tools including live client cases. Each new Franchisee also receives an intensive first year of Business Development Mentoring and Coaching Program. This one-on-one training is comprised of tips, tools and information about Sales, Marketing, Cost Savings Analysis, Operations and The Warehouse.
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)

Average number of employees: Flexible, mainly owner-operator. Franchisee may maintain a sole practitioner status or build as large as desired. Full-time opportunity.

Expansion Plans

Entrepreneur's Source Franchise
Schooley Mitchell Franchise
US Expansion YesYes
Canada Expansion YesYes
International Expansion YesYes

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 Schooley Mitchell

Schooley Mitchell is a cost reduction franchise specializing in reducing business’ expenses across several
key areas. Our service is risk-free and completely independent; the only profits we earn come from
savings identified for our clients.
*Currently offering a 12 month royalty exemption for new franchisees who are introduced to us
before June 30th, 2022.*
Discounts Available: Veterans - $5,000