Expense Reduction Coaching
900 Main Street South, Bldg. 2
Southbury, CT 06488
-
(800) 289-0086
/
(203) 264-2006
- (203) 264-3516 (Fax)
Expense Reduction Coaching (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
Operating Units
| Franchised Units |
15 |
100.0% |
| Company-Owned Units |
0 |
0.0% |
| Total Operating Units |
15 |
100% |
Geographic Distribution
| USA |
15 |
100.0% |
In 5 States
|
| Canada |
0 |
0.0% |
In 0 Provinces
|
| International |
0 |
0.0% |
In 0 Foreign Countries
|
| Total |
15 |
100% |
|
Multi-Unit Operators
| Multi-Unit Operators |
N/A |
| Franchises Owned by Multi-Unit Operators |
N/A |
North American Unit Density
| Density |
Units |
| Colorado |
2 |
| Massachusetts |
2 |
Registered in the following Registration States
California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, Wisconsin
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Support and Training
General Information
| IFA Member |
Yes |
| CFA Member |
No |
| Franchisee Association? |
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 |
Ongoing Support
| Central Data Processing |
Included |
| Central Purchasing |
Included |
| Field Operation Evaluation |
Yes, at additional cost |
| Field Training |
Yes, at additional cost |
| Initial Store Opening |
N/A |
| Inventory Control |
N/A |
| Franchisee Newsletter |
Included |
| Regional or National Meetings |
N/A |
| 800 Telephone Hotline |
Included |
Training
| Southbury, CT |
5 Days |
| Virtual |
24 Weeks |
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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% |
Site Information and Requirements
| Average Number of Full-Time Employees |
1 |
| Average Number of Part-Time Employees |
0 |
| Space Needs (in square feet) |
None
|
| Preferred Site Types |
N/A
|
| Encourages Conversions |
N/A |
| Item 19 (Earnings Claim) Provided? |
Yes |
| Listed in the SBA Registry? |
Yes |
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Franchisee Qualifications
| Financial Net Worth |
3 |
| General Business Experience |
3 |
| Specific Industry Experience |
3 |
| Formal Education |
3 |
| Psychological Profile |
3 |
| Personal Interviews |
3 |
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Terms of Contract
| Term of Initial Contract |
10 |
| Term of Renewal Period |
10 |
| Passive Ownership? |
Allowed, but discouraged |
Area Development
Agreements? |
Yes, for 8 years
|
Sub-Franchisor
Contracts? |
No |
| Franchisees Allowed to Expand Within Territory? |
No |
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Expansion Plans
| Projected New Units Over Next 12 Months |
23 |
| USA |
Yes, All United States |
| Canada |
Yes, All Canada |
| Overseas |
Yes, All Countries |
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