Second Opinion vs Schooley Mitchell Franchise Comparison

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

Start-Up Costs and Fees

 
Second Opinion Franchise
Schooley Mitchell Franchise
Investment $50,000$66,500 - And Up
Franchise Fee $30,000$68,000
Royalty Fee -8%
Advertising Fee -2%
Year Founded 20042004
Year Franchised 20072004
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Second Opinion Franchise
Schooley Mitchell Franchise
Experience --

Financing Options

 
Second Opinion Franchise
Schooley Mitchell Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Second Opinion Franchise
Schooley Mitchell Franchise
Training -The training provided comes in various formats. First of all, there is a 5-day initial training course held at Schooley Mitchell Corporate Office - this training can also be done remotely as well. All new Franchisees are required to take the initial training course before they begin work in a Schooley Mitchell Franchise.This training covers the operations, marketing, sales, business building and relationship building processes that are effective for Schooley Mitchell Franchisees. The course includes basic technical training and more importantly, instruction on the use of our reference manuals. It includes instruction on how to use the continuous training facilities through The Warehouse, our Intranet environment as well as two days of training using the actual software tools including live client cases. Each new Franchisee also receives an intensive first year of Business Development Mentoring and Coaching Program. This one-on-one training is comprised of tips, tools and information about Sales, Marketing, Cost Savings Analysis, Operations and The Warehouse.
Support --
Marketing --
Operations -Average number of employees: Flexible, mainly owner-operator. Franchisee may maintain a sole practitioner status or build as large as desired. Full-time opportunity.

Expansion Plans

 
Second Opinion Franchise
Schooley Mitchell Franchise
US Expansion -Yes
Canada Expansion YesYes
International Expansion -Yes

Company Overviews

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.

About Schooley Mitchell

 
Schooley Mitchell is a cost reduction franchise specializing in reducing business’ expenses across several
key areas. Our service is risk-free and completely independent; the only profits we earn come from
savings identified for our clients.
 
*Currently offering a 12 month royalty exemption for new franchisees who are introduced to us
before June 30th, 2022.*
Discounts Available: Veterans - $5,000