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Expense Reduction Analysts (ERA)

Owning your slice of cost-cutting success: Expense Reduction […]

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Franchise Costs and Requirements

Franchise Details

Year Established: 2002
Category Locations: Home-Based,Office
Available Ownership Type: Owner Operator
Corporate HQ City: Addison
Corporate HQ State: Texas
Investment Range: $50,000 - $100,000
Canada Franchising: Yes
Latin America Franchising: Yes
India Franchising: Yes
Franchise Fee: $59,900
Royalty Percentage: 15%
Veteran Discount: Yes
E2/EB5 Visas: Yes
Master Franchise Opportunities: Yes

Background

Owning your slice of cost-cutting success: Expense Reduction Analysts (ERA) franchiseExpense Reduction Analysts (ERA) offers a unique franchise opportunity for business-savvy individuals to tap into the ever-present demand for cost optimization. Founded in 1984, ERA is a global leader in strategic cost management, helping businesses across various sectors identify and eliminate unnecessary expenses. As an ERA franchisee, you become a trusted advisor, guiding clients towards long-term cost savings through a holistic approach.The ERA model revolves around its "No Savings, No Fee" philosophy, minimizing risk for both you and your clients. You earn a share of the actual savings you generate for businesses, fostering a win-win partnership. This performance-based compensation creates a high earning potential, with franchisees often averaging a 60-70% net profit.Beyond financial rewards, ERA ownership grants you the freedom and flexibility of running your own consulting business. You leverage a proven system, complete with in-depth training, comprehensive marketing support, and access to a network of experienced professionals. This robust infrastructure minimizes operational complexities and expedites your path towards building a successful consultancy. In essence, you get to be your own boss while benefiting from the guidance and resources of a well-established brand.

Support & Training offered by Expense Reduction Analysts (ERA)

Expense Reduction Analysts (ERA) boasts a robust support and training system for its franchisees, designed to equip them with the knowledge, skills, and resources needed to successfully launch and grow their businesses. Here's a comprehensive outline:18-Month Start-Up Program:Initial Basic Training: This intensive program held at the European Support Center in Kent (UK) covers the fundamentals of cost and supply management, ERA's methodologies, tools, and technology. You'll learn about client acquisition, project execution, and business development strategies.Ongoing Support:ERA Academy: Provides online modules and resources for continuous learning and skill development.Local Regional Representatives: Dedicated individuals offer guidance and support tailored to your specific territory and needs.ERA Coordinator: Acts as your primary point of contact, assisting with day-to-day operations and troubleshooting.Business Guides: Experienced consultants offer mentorship and coaching to help you refine your approach and achieve success.Additional Support:Marketing and Branding: ERA's international marketing team provides global strategies and initiatives to raise brand awareness and attract clients.Information Technology: A dedicated IT team offers round-the-clock support, including access to a bespoke management system and various business tools.International Network: Connect and collaborate with fellow franchisees worldwide, sharing best practices and leveraging collective expertise.Key Features:No Cure, No Pay Model: Training costs are only recouped if you generate revenue, reducing financial risk.Proven Business System: Benefit from over 27 years of experience and established methodologies.Scalable Growth Opportunities: As your business expands, additional resources and support are provided to adapt and thrive.Overall, ERA prioritizes a comprehensive and flexible approach to franchisee support and training. They recognize that your success is their success, and invest heavily in your development to ensure a thriving business.

Additional Information

Category Location Home-Based,Office
Number of Units Open
Investment Range $59,900 - $59,900
Master Franchise false
Home based franchise YES
Item 19 Franchise YES
Veteran Discount YES
Franchise Opportunities in Canada YES
International Franchise Opportunities
E2/EB5 Visa Franchise YES
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