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Below is an in-depth analysis and side-by-side comparison of Entrepreneur's Source vs Biltmore Franchise Consulting including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $92,450 - $100,750 | $49,400 - $76,200 |
Franchise Fee | $55,000 | $28,000 |
Royalty Fee | 25% | 10% |
Advertising Fee | $750/mo. | 10% |
Year Founded | 1984 | 2005 |
Year Franchised | 1997 | 2008 |
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/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | 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 | Training will be available at our company headquarters, or at another designated location, and will last for one week. Training will be conducted by members of our management team. Training will be provided for up to two persons per franchised business. Ongoing training is also available. |
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 | - |
Canada Expansion | Yes | - |
International Expansion | Yes | - |
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.
NO LONGER FRANCHISING
Offering the opportunity for individuals to become a franchise development consultant, helping business owners prepare to sell franchises.
Franchisees can provide a valuable service to business owners, helping them develop a new source of income that would otherwise be difficult, more costly, or even impossible.