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$25,000 -- $49,999
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Expense Reduction Consulting
ERC Franchisees employ a finely tuned methodology that has helped a wide range of companies minimize idirect costs since 1993. This methodology, along with proprietary web-based tools and Knowledge Base, assists ERC Franchisees in increasing their client's bottom lines by decreasing their often elusive indirect costs. Best of all, ERC Franchisees maximize their earning potential by providing their services on a "pay for performance basis," sharing in their clients long-term savings.
Franchisor Background
Year Established: 1993Franchising Since: 2001
Operating Units: Franchised Units: 9 90% Company-Owned Units: 1 10% ______ _____ Total Operating Units: 10 100% Geographic Distribution: U.S.: 10 100% In 5 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries ______ _____ Total: 10 100% North America: States/Provinces with the largest number of operating units: Density Units 1. Florida 2 2. Texas 2
Registered in Following Registration States: Financial Requirements
Investment: Minimum Net Worth: $NR Cash Investment: $34-45K Total Investment: $78.9-86.6K Average Total Investment: $83K Fees: Initial Franchise Fee: $29K Average Franchise Fee: $0K On-Going Royalty: 7% Average Royalty: 0% Advertising Fee: 2%
Average Number of Employees: 1 Full-time, 0 Part-timeSpace Needs (in square footage): Preferred Sites: Other Sites: Encourage Conversions? Not ApplicableEarnings Claims Provided? NoListed in the SBA Registry? NoSupport and Training
International Franchise Association: No Canadian Franchise Association: No Franchisee Association/Member: No Size of Corporate Staff: 1 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. Ft. Landerdale, FL 5 Days
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: N/A Asian-American: N/A Hispanic: N/A Native American: N/A Other: N/A Specific Minority: N/A
Terms of Contract
Term of Initial Contract: 7 Year(s) Term of Renewal Period: 5 Year(s) Passive Ownership: Allowed Area Development Agreements? Yes, for 15 Year(s) Sub-Franchising Contracts? No Franchisees Allowed to Expand Within Territory? No
Expansion Plans
Projected New Units Over Next 12 months: NR
U.S.: Yes, All United States except the Dakotas and Maryland Canada: No Overseas: No
