🍟09/26/24 – A Lucrative Opportunity Hidden in Plain Sight

FRANCHISE OF THE WEEK

Expense Reduction Analysts

Fast Facts

Background

  • HQ: Addison, TX
  • Founded in 1992, franchising since 1993
  • Expense Reduction Analysts is a franchise that specializes in strategic cost optimization and reduction consultancy.

Franchise Fees

Financial Overview

  • The below table discloses information on 102 of our Regional Franchisees operating a total of 136 licenses for the period from January 1, 2022 to December 31, 2022.

The Wolf’s Take 🍟

Expense Reduction Analysts (ERA) has been in the game since 1992, helping businesses cut costs and optimize their operations. They’ve got a solid reputation, even snagging the title of ‘Best White-Collar Franchise 2024’ at the Global Franchise Awards. 

The franchise fee is $59,900, with a 15% royalty and a 3% brand fund contribution. While the royalty is on the higher side, it reflects the premium nature of the brand and the extensive support ERA offers its franchisees. They’ve got over 100 regional franchisees running 136 licenses, showing strong network growth and stability.

If you’ve got a background in business strategy, supply chain, or finance, this franchise could be a great fit. The brand positions itself as a top-tier opportunity for those looking to start their own consultancy business with the backing of a globally recognized name. The potential for growth is significant, especially if you’re driven and ready to dive deep into the world of cost optimization. If you’re considering entering the white-collar franchise space, ERA is definitely one to watch.

Resources

SMB TWEET OF THE WEEK

When is Enough, Enough? – Justin Welsh

Justin Welsh primarily speaks to the solopreneur audience, but most of his advice is still relevant to anybody in franchising. 

It’s easy to develop a “want it all” mindset when you’re starting from the beginning, but that can also come at the expense of other areas of life.

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