Last Updated on July 25, 2012 by DeanR
Expense Reduction Analysts Franchise
Expense Reduction Analysts is a franchise for a business providing consulting on cost-reduction. It was founded in 1984 and started franchising that same year.
They believe that every company has staffs that are best in managing the company’s core operations and its expenses. What the company is good at is reducing the non-core costs or overhead costs. They have already conducted about 14,000 projects that helped companies reduce their expenses without compromising the quantity and quality of the services or products that they offer.
They have provided their professional services to non-profits, manufacturers, education institutions that are private and public, retailers, and healthcare providers. They have also done case studies how they can help certain industries reduce their costs such as in healthcare, education, non-profits, manufacturing, retail, professional services like in banking, accounting, legal and insurance, and in wholesalers and distributors. They have helped companies such as these reduce their costs for about an average of 20%. They have been featured in several forms of media including SBJ.net, Gazette.net, Forbes.com, The Miami Herald, The Wall Street Journal, The Boston Globe, Atlanta Business Chronicle, Los Angeles Times, Columbus Business First, Marketplace, stltoday.com, timesfreepress.com, Sky Business News, Action News 2, KCCI Iowa, and TechJournal South. They now have 276 locations all over the United States, 15 locations in Canada, and 488 locations around the world.
What factors do Expense Reduction Analysts look at in reducing costs for these companies?
They have looked at equipment leasing, cleaning services, fleet management, factory consumables, insurance, freight, office products, merchant card processing, overnight deliveries, payroll processing, packaging, records management, printing, telecommunications, uniforms, travel, and waste management. You can visit their website for detailed explanations and case studies on how they reduced their costs. Other additional expenses that are considered in reducing costs include advertising, accounts payable audit, chemicals, bank charges, energy, classifying, facilities management, equipment maintenance, industrial gases, food services, laboratory supplies, information technology, logistics, laundry, motor vehicle costs, mail management, pest control, online services, reprographics, recruitment, taxes, security, utilities, and temporary labor.
Cost and requirements on running an Expense Reduction Analysts franchise
You need to have a net worth of $150,000 and a total liquid asset of at least $54,000 to $70,000. Expect to be investing about $66,000 to $82,000. The Expense Reduction Analysts franchise fee is $59,900 with an on-going royalty fee of 15%. This is for a renewable 10 year term agreement. This franchise can be run from home. They allow multi-unit ownership. They do not allow absentee ownership.
What is included in the franchise package?
There will be training at the headquarters and at your location. You will be receiving newsletters and a toll free phone number. You will be given access to the internet. Expect to be attending meetings. You will also receive occasional field evaluations to check on your progress. For marketing support, there will be ad slicks, co-op advertising, direct advertising and regional advertising.
Expense Reduction Analysts Contact Details
You may reach them at:
Address: 5050 Avenida Encinas, #200 Carlsbad, California 92008
Phone: (760)712-3618