LMI vs Expense Reduction Analysts Franchise Comparison

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

Start-Up Costs and Fees

 
LMI Franchise
Expense Reduction Analysts Franchise
Investment $20,000 - $27,500$66,000 - $85,900
Franchise Fee $15,000$59,900
Royalty Fee 6%15%
Advertising Fee -3%
Year Founded 19801992
Year Franchised 19981992
Term Of Agreement -10 years
Term Of Agreement -10 years
Renewal Fee -$5000


Business Experience Requirements

 
LMI Franchise
Expense Reduction Analysts Franchise
Experience --

Financing Options

 
LMI Franchise
Expense Reduction Analysts 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

 
LMI Franchise
Expense Reduction Analysts Franchise
Training - On-The-Job Training: Ongoing Classroom Training: 70 hours
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 --

Expansion Plans

 
LMI Franchise
Expense Reduction Analysts Franchise
US Expansion -Yes
Canada Expansion NoNo
International Expansion NoYes

Company Overviews

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.

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