LMI vs Second Opinion Franchise Comparison

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

Start-Up Costs and Fees
 
LMI Franchise
Second Opinion Franchise
Investment $20,000 - $27,500$50,000
Franchise Fee $15,000$30,000
Royalty Fee 6%-
Advertising Fee --
Year Founded 19802004
Year Franchised 19982007
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
LMI Franchise
Second Opinion Franchise
Experience --

Financing Options
 
LMI Franchise
Second Opinion Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
LMI Franchise
Second Opinion Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
LMI Franchise
Second Opinion Franchise
US Expansion --
Canada Expansion NoYes
International Expansion No-

Company Overviews

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.

About Second Opinion

It is natural to get a second opinion on major health issues; why not on major financial issues? Second Opinion offices offer financial consulting services to retail and corporate clients. We remain completely independent and unbiased and do not sell products of any kind. Our only fee is an hourly fee paid directly by our clients which gives us a major competitive advantage.