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Expense Reduction Coaching
 

Expense Reduction CoachingĀ® (ERC) is a proven process for saving companies money, and profiting from sharing 50% of those new found cost savings. By offering a no obligation risk-free model for business owners of all sizes, ERC franchisees are in a unique position of offering a truly win-win situation with their clients. ERC franchisees are trained to market and perform services designed to reduce long-term costs, while using ERC's proprietary software. Our franchisees are not required to sell specific products, but analyze their client's expenses, negotiate with suppliers and make recommendations.

Franchisor Background

Year Established:

  1993

Franchising Since:

  2001

IFA Member



Operating Units:

Franchised Units:21 100%  
Company-Owned Units:0 0%  
 ______ _____  
Total Operating Units:21 100%  
 

Geographic Distribution:

U.S.:21 100% In 5 States
Canada:0 0% In 0 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:21 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. Colorado2
2. Massachusetts2

Registered in Following Registration States:

   California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, Wisconsin

Financial Requirements

Investment:

Minimum Net Worth:$199K
Cash Investment:$67K
Total Investment:$73.5-84.6K
Average Total Investment:$79K
 

Fees:

Initial Franchise Fee:$45K
Average Franchise Fee:$45K
On-Going Royalty:5-15%
Average Royalty:0%
Advertising Fee:0%

Average Number of Employees:

   1 Full-time, 0 Part-time

Space Needs (in square footage):

   N/A

Preferred Sites:

  

Other Sites:

  

Encourage Conversions?

   Not Applicable

Earnings Claims Provided?

   Yes

Listed in the SBA Registry?

   Yes

Support and Training

International Franchise Association:Yes
Canadian Franchise Association:No
Franchisee Association/Member:No
Size of Corporate Staff:35
Site Selection Assistance?No
Lease Negotiation Assistance?No
Financial Assistance?No
 

Marketing Support:

Co-Op Advertising:No
National Advertising:No
Regional Advertising:No
Local Advertising:No
Marketing Materials:None Specified
Additional Services:None Specified
Other Marketing Support:None Specified
 

On-Going Support:

Central Data Processing:Included in Fees
Central Purchasing:Included in Fees
Field Operation Evaluation:At Additional Cost
Field Training:At Additional Cost
Initial Store Opening:Not Applicable
Inventory Control:Not Applicable
Franchisee Newsletter:Included in Fees
Regional or National Meetings:Not Applicable
800 Telephone Hotline:Included in Fees
 

Training:

1. Southbury, CT5 Days
2. Virtual24 Weeks
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:3
General Business Experience:3
Specific Industry Experience:3
Formal Education:3
Psychological Profile:3
Personal Interview(s):3

Minority Representation

Units Owned by Minorities:

African-American:3
Asian-American:N/A
Hispanic:3
Native American:N/A
Other:N/A
Specific Minority:N/A

Terms of Contract

Term of Initial Contract:10 Year(s)
Term of Renewal Period:10 Year(s)
Passive Ownership:Allowed
Area Development Agreements?Yes, for 8 Year(s)
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?No

Expansion Plans

Projected New Units Over Next 12 months:

   23
U.S.:Yes, All United States
Canada:Yes, All
Overseas:Yes, All
 
 
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