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Below is an in-depth analysis and side-by-side comparison of HR First Contact vs Entrepreneur's Source including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $89,100 - $206,400 | $92,450 - $100,750 |
Franchise Fee | $35,000 | $55,000 |
Royalty Fee | 6% | 25% |
Advertising Fee | - | $750/mo. |
Year Founded | 2001 | 1984 |
Year Franchised | 2002 | 1997 |
Term Of Agreement | - | 10 years |
Term Of Agreement | - | 10 years |
Renewal Fee | - | $5K |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/Yes |
Start-up Costs | No/No | No/Yes |
Equipment | No/No | No/No |
Inventory | No/No | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | - | On-The-Job Training: 252 hours Classroom Training: 77 hours Additional Training: Ongoing virtual training, mentor |
Support | - | Newsletter Meetings/Conventions Online Support Field Operations Franchisee Intranet Platform |
Marketing | - | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
Operations | - |
Franchise can be run from home.
Absentee ownership allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | Yes |
International Expansion | Yes | Yes |
NO LONGER FRANCHISING
The Entrepreneur's Source, a franchise-consulting firm, was founded by Terry Powell in 1984. The company matches clients to franchise opportunities by conducting interviews, filling out profiles and assessing a client's goals, needs and expectations. The Entrepreneur's Source also educates clients on the basics of franchising and other business options. Clients pay nothing for their consultation; instead, The Entrepreneur's Source earns its income from the franchisors it recommends.