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	2004	2004
Year Franchised	2007	2004
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 Party	In-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	Yes	Yes
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