Expense Reduction Analysts vs Schooley Mitchell Franchise Comparison

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

Start-Up Costs and Fees

Expense Reduction Analysts Franchise
Schooley Mitchell Franchise
Investment $66,000 - $85,900$66,500 - And Up
Franchise Fee $59,900$68,000
Royalty Fee 15%8%
Advertising Fee 3%2%
Year Founded 19922004
Year Franchised 19922004
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $5000-

Business Experience Requirements

Expense Reduction Analysts Franchise
Schooley Mitchell Franchise
Experience --

Financing Options

Expense Reduction Analysts 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

Expense Reduction Analysts Franchise
Schooley Mitchell Franchise
Training On-The-Job Training: Ongoing Classroom Training: 70 hours 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 Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform -
Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app -
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

Expense Reduction Analysts Franchise
Schooley Mitchell Franchise
US Expansion YesYes
Canada Expansion NoYes
International Expansion YesYes

Company Overviews

About Expense Reduction Analysts

Join Expense Reduction Analysts and become a fully trained procurement consultant with the ability to win business and deliver huge savings to your clients. As the UK and Ireland's leading Cost, Purchase and Supplier Management franchised consultancy, Expense Reduction Analysts offers you an exciting low risk business opportunity to grow a successful consulting practice, which can simultaneously meet your income goals and deliver the work life balance you desire. With cost reduction being the number one issue facing both the public and private sectors, there has never been a better time to take the step into self-employment and invest in your own ability. Your skills and ambition, combined with Expense Reduction Analysts' knowledge, tools, training and support brought together in our dynamic business structure, can provide you with the formula for success that you are looking for.

Veteran Incentives  $5,000 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