LMI vs Schooley Mitchell Franchise Comparison

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

Start-Up Costs and Fees
 
LMI Franchise
Schooley Mitchell Franchise
Investment $20,000 - $27,500$66,500 - And Up
Franchise Fee $15,000$68,000
Royalty Fee 6%8%
Advertising Fee -2%
Year Founded 19802004
Year Franchised 19982004
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
LMI Franchise
Schooley Mitchell Franchise
Experience --

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

Training & Support
 
LMI Franchise
Schooley Mitchell Franchise
Training -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 --
Marketing --
Operations -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
 
LMI Franchise
Schooley Mitchell Franchise
US Expansion -Yes
Canada Expansion NoYes
International Expansion NoYes

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 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