- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$66K - $74K
- Units as of 2014
-
12
Company Overview
About Expense Reduction Coaching
| Industry | Financial Services |
|---|---|
| Related Categories | Business Financial Services, Miscellaneous Business Services, Miscellaneous Financial Services |
| Founded | 1993 |
| Leadership | Terry Powell, CEO |
| Corporate Address |
900 Main St. S., Bldg. 2 Southbury, CT 06488 |
Business Overview
| Franchising Since | 2001 (23 years) |
|---|---|
| # of employees at HQ | 35 |
| Where seeking |
This company is offering new franchises in the following US states: This company is offering new franchises in the following international regions: |
| # of Units | 12 (as of 2014) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Expense Reduction Coaching franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$45,000 |
|---|---|
|
Initial Investment
|
$66,000 - $74,250 |
|
Net Worth Requirement
|
$199,000 |
|
Cash Requirement
|
$66,000 |
|
Veteran Incentives
|
15% off franchise fee |
|
Royalty Fee
|
5-15% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | Expense Reduction Coaching has relationships with third-party sources which offer financing to cover the following: franchise fee |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| Classroom Training | 5 days |
|---|---|
| Ongoing Support |
Newsletter
Meetings & Conventions
Toll-Free Line
Online Support
Field Operations
|
| Marketing Support |
Ad Templates
National Media
Regional Advertising
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
Yes |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 1 |
|
Are exclusive territories available?
|
Yes |
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