Inner Circle vs LMI Franchise Comparison

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

Start-Up Costs and Fees
 
Inner Circle Franchise
LMI Franchise
Investment $21,150 - $34,400$20,000 - $27,500
Franchise Fee $14,900$15,000
Royalty Fee 15%6%
Advertising Fee --
Year Founded 19851980
Year Franchised 19971998
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee Then current fee-


Business Experience Requirements
 
Inner Circle Franchise
LMI Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    Inner Circle 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
     
    Inner Circle Franchise
    LMI Franchise
    Training Annual symposium & monthly conference calls-
    Support Newsletter, Meetings, Internet-
    Marketing National media-
    Operations Franchise can be run from home.

    Number of employees needed to run franchised unit: 1

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

    		-

    Expansion Plans
     
    Inner Circle Franchise
    LMI Franchise
    US Expansion --
    Canada Expansion NoNo
    International Expansion YesNo

    Company Overviews

    About Inner Circle

    Inner Circle is a peer advisory group exclusively for CEO's and business owners of small to medium sized companies. Each peer group serves as an advisory board/advisory council that acts as an interactive think tank, a place where entrepreneurs come to challenge one another and be challenged. By tapping into the wisdom and objectivity of the Circle's business advisory board, members find they are able to overcome obstacles faster and with greater confidence due to the business coaching and small business advice they receive from their own personal peer advisory board.

    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.