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Franchise Picks
Entrepreneur's Source, The
 

While an overwhelming 70% of the population dreams of being financially self-sufficient, only a small number actually find a way to make it happen, usually due to a lack of knowledge and guidance. With a little help from The Entrepreneur’s Source – the premier source for self-employment options, franchising information, education and training – that 70% can reach their dreams.

 

TES consultants are agents of change, taking clients from on-the-job frustration to full-time fascination, showing them a way out of corporate stagnation and a path toward personal growth. The Entrepreneur’s Source has established itself as a formidable presence, growing from one office to a nationwide network with global contacts. At TES, franchisees benefit from helping others discover their own career possibilities, while retaining flexibility and balance in their lives.

 

Operating Units

12/31/2005

12/31/2006

12/31/2007

Franchised

256

291

303

% Change

--

13.7%

4.1%

Company-Owned

0

0

0

% Change

--

0.0%

0.0%

Total

256

291

303

% Change

--

13.7%

4.1%

Franchised as % of Total

100.00%

100.00%

100.00%

 

Investment Required

The fee for an Entrepreneur’s Source franchise ranges from $49,000 to $200,000, depending on whether the franchisee desires a single unit or regional office.

 

The Entrepreneur’s Source provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.

 

Item

Established Low Range

Established High Range

Franchise Fee

$49,000

$200,000

Training Expenses

$1,500

$2,500

Equipment

$1,500

$3,500

Marketing Aids, Call Center

$12,000

$16,000

Miscellaneous Opening Costs, Intranet and Extranet Setup, Additional Funds (6 months)

$12,700

$37,500

Total Investment

$76,700

$259,500

 

On-going Expenses

The Entrepreneur’s Source franchisees pay royalty fees ranging from 10-25% of gross revenues, depending on the service, with royalty fees equal to 90% of gross revenues for  franchisor development services. Other fees payable by the franchisee include a brand-building contribution equal to up to $750 monthly, and a fee for lead management of $100 per month.

 

What You Get—Training and Support

Franchisees are required to attend an initial training session at the E-Source Academy in Southbury, CT. During the training session, franchisees are taught the required skills of a consultant and coach through role playing activities, group exercises and presentations. Franchisees are also introduced to marketing and sales strategies. The initial training program consists of two phases of classroom instruction over 11 days, which includes self-study assignments during and after the sessions.

 

TES national and regional support offices help franchisees grow throughout their careers, with one-to-one coaching, tele-coaching, live training sessions and national conferences. Franchisees are also provided ongoing technical assistance and consultation and advice on products and operating procedures.

 

Territory

The Entrepreneur’s Source grants a saturation maximum – TES will not place more than one single unit per 500,000 population in a given area.

 
 
 
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