Expense Reduction Analysts vs Second Opinion Franchise Comparison

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

Start-Up Costs and Fees

 
Expense Reduction Analysts Franchise
Second Opinion Franchise
Investment $66,000 - $85,900 $50,000
Franchise Fee $59,900 $30,000
Royalty Fee 15% -
Advertising Fee 3% -
Year Founded 1992 2004
Year Franchised 1992 2007
Term Of Agreement 10 years -
Term Of Agreement 10 years -
Renewal Fee $5000 -


Business Experience Requirements

 
Expense Reduction Analysts Franchise
Second Opinion Franchise
Experience - -

Financing Options

 
Expense Reduction Analysts Franchise
Second Opinion Franchise
  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

 
Expense Reduction Analysts Franchise
Second Opinion 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

 
Expense Reduction Analysts Franchise
Second Opinion Franchise
US Expansion Yes -
Canada Expansion No Yes
International Expansion Yes -

Start-Up Costs and Fees Mobile

Investment
Expense Reduction Analysts Franchise
$66,000 - $85,900
Second Opinion Franchise
$50,000
Franchise Fee
Expense Reduction Analysts Franchise
$59,900
Second Opinion Franchise
$30,000
Royalty Fee
Expense Reduction Analysts Franchise
15%
Second Opinion Franchise
-
Advertising Fee
Expense Reduction Analysts Franchise
3%
Second Opinion Franchise
-
Year Founded
Expense Reduction Analysts Franchise
1992
Second Opinion Franchise
2004
Year Franchised
Expense Reduction Analysts Franchise
1992
Second Opinion Franchise
2007
Term Of Agreement
Expense Reduction Analysts Franchise
10 years
Second Opinion Franchise
-
Renewal Fee
Expense Reduction Analysts Franchise
$5000
Second Opinion Franchise
-


Business Experience Requirements

Experience
Expense Reduction Analysts Franchise
-
Second Opinion Franchise
-

Financing Options

  In-House/3rd Party
Franchise Fees
Expense Reduction Analysts Franchise
No/Yes
Second Opinion Franchise
-/-
Start-up Costs
Expense Reduction Analysts Franchise
No/Yes
Second Opinion Franchise
-/-
Equipment
Expense Reduction Analysts Franchise
No/No
Second Opinion Franchise
-/-
Inventory
Expense Reduction Analysts Franchise
No/No
Second Opinion Franchise
-/-
Receivables
Expense Reduction Analysts Franchise
No/No
Second Opinion Franchise
-/-
Payroll
Expense Reduction Analysts Franchise
No/No
Second Opinion Franchise
-/-

Training & Support

Training
Expense Reduction Analysts Franchise
On-The-Job Training: Ongoing Classroom Training: 70 hours
Second Opinion Franchise
-
Support
Expense Reduction Analysts Franchise
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
Second Opinion Franchise
-
Marketing
Expense Reduction Analysts Franchise
Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Second Opinion Franchise
-
Operations
Expense Reduction Analysts Franchise
-
Second Opinion Franchise
-

Expansion Plans

US Expansion
Expense Reduction Analysts Franchise
Yes
Second Opinion Franchise
-
Canada Expansion
Expense Reduction Analysts Franchise
No
Second Opinion Franchise
Yes
International Expansion
Expense Reduction Analysts Franchise
Yes
Second Opinion Franchise
-

Company Overviews

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

About Second Opinion

It is natural to get a second opinion on major health issues; why not on major financial issues? Second Opinion offices offer financial consulting services to retail and corporate clients. We remain completely independent and unbiased and do not sell products of any kind. Our only fee is an hourly fee paid directly by our clients which gives us a major competitive advantage.