Expense Reduction Consulting vs LMI Franchise Comparison

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

Start-Up Costs and Fees
 
Expense Reduction Consulting Franchise
LMI Franchise
Investment $33,100 - $45,100$20,000 - $27,500
Franchise Fee $29,900$15,000
Royalty Fee 7%6%
Advertising Fee --
Year Founded 19931980
Year Franchised 20051998
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Expense Reduction Consulting Franchise
LMI Franchise
Experience --

Financing Options
 
Expense Reduction Consulting Franchise
LMI Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/-
Start-up Costs No/No-/-
Equipment No/No-/-
Inventory No/No-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support
 
Expense Reduction Consulting Franchise
LMI Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Expense Reduction Consulting Franchise
LMI Franchise
US Expansion Yes-
Canada Expansion NoNo
International Expansion NoNo

Company Overviews

About Expense Reduction Consulting

NO LONGER FRANCHISING

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.