Expense Reduction Analysts

Business Code: TA2366
Expense Reduction Analysts

Cost Reduction Franchise
Price: $79,500

For more info or an interview contact:
Name: Tony Arena
Ph: 0411 888 148 or 61 2 9439 3399
Web: http://www.buyafranchise.com.au

Franchise at a Glance

Business Name: Expense Reduction Analysts

Key Features:

• ERA is a Global Leader in Cost and Purchase Management
  
• Expense Reduction Analysts are a leading Cost and Purchase Management network specialising in Business to Business (B2B) profit management in Australian operations.
  
• Join the global leader in expense reduction and the franchise group that was recently rated #35 in the top 100 franchises by the worldwide franchise group Franchise Direct. Expense Reduction Analysts gives you the best of both worlds; the freedom to build your own business combined with the support and leverage that comes with part of being a large, market-leading organisation.
  
• ERA clients are some of the world’s leading brands, Including manufacturers, hotel chains and retailers with whom they work to deliver key savings in over 40 potential categories.
  
• Due to business expansion and client demand they are actively seeking enthusiastic Cost Management Consultants within three separate disciplines to drive the business forward.
  
• These are franchise opportunities and are now being offered for sale.
• The primary objectives of our Cost Management Consultants are to develop and leverage existing client relationships, define the ongoing client acquisition strategy and/or analytical cost analysis.
  
• As part of the network of consultants, you will take responsibility for the development and management of the sales pipeline, and expansion of client / market intelligence that directly impacts the business’s ongoing talent acquisition strategy. ERA is a worldwide group of 500 Consultants.
  
• ERA consultants specialise in cost management services for companies with turnover of $50m to $100m. Typically, overheads such as telecommunications, printing, office supplies, document storage, merchant card fees, freight, energy tend to get much less management focus than mainstream costs, but can impact the profit of a company often well into the 7- figure range. This is where ERA adds the most value.
  
• The ERA business model is designed to focus on medium sized business, where the Owner, CEO, MD or FD is the key decision maker. This represents the area with the most opportunity and the least path of resistance to implementation.
  
• ERA is structured on a Consultancy model. Each ERA Consultant is considered a subject matter expert in their area of expertise. As such, they act as the final checkpoint for analysis carried out in that part of a business.
  
• The average Australian Project is around $400K and generates around 20% savings, which is shared between the client and the franchisee 50/50 for 18 months.

Royalties: ERA has a fixed minimum fee of $500 per month in the first year, $750 per month in the second year, and $1,000 per month in each subsequent year or 15% of turnover, whichever is the greater. There is also a 3% marketing levy on turnover.

Details

Ideal Franchisee: ERA is looking for people who want to be part of a fast growing business. Above all they must be passionate about what they do, have drive and are lateral thinkers, enjoy hard work and thrive on challenges. You must be a team player. There are 2 types of Franchisee - Business Development and Business Analyst. You can be both, but more typically the BDs generate opportunities for the category expert BAs and share the commission 50/50.

Area: NSW WA SA VIC ACT NT TAS

Territories Now Available:

Earnings Information: ERA does not disclose any information on potential earnings. Prospects are invited to make their inquiries of franchisees after appropriate introduction.

How to Buy: All that you need to do is click on the email link below and we will immediately get in touch with you. If you appear to qualify as a prospective franchisee, you will be put in immediate contact with the franchisor who will conduct an interview with you and give you further information on which you can make a decision to proceed further or not.

Royalties: ERA has a fixed minimum fee of $500 per month in the first year, $750 per month in the second year, and $1,000 per month in each subsequent year or 15% of turnover, whichever is the greater. There is also a 3% marketing levy on turnover.

Working Capital Required: A purchaser would need around $50,000 - $70,000 in working capital to help with living expenses in the early stages as the business reaches and goes through break-even.

Training and Support: There is a Franchisee Support Manager to ensure ongoing support .

Access to Franchisees: ERA discloses the names of all franchisees. As part of your due diligence process, you would tell us the names of any franchisee that you want to speak to and we will give notice to that person that you want to contact him or her.

Business Established: The business was established in 1992 by Fred Marfleet in the United Kingdom and was brought to Australia in 1993. It has always been run as a franchise business. The ERA franchise group has 750 franchisees globally, including 30 in Australia.

Company Outlets: There are no non-franchise operators.

Franchised Outlets: There are currently 30 franchisees in Australia and approximately 700 franchisees worldwide.

Franchise Established: ERA was established in 1992 in the UK by Fred Marfleet and Franchising commenced in 1996. In Australia it has been established since 1993. Since that time Fred has purchased back the State franchises, so it is a truly national business owned and operated by the original founder.

Franchise Territory: The territory offered to each franchisee is the Commonwealth of Australia.

Bank Accreditation: There is no bank accreditation

Comments: ERA is a franchise that has all the hallmarks of a world-leading franchise system. It has very profitable franchisees, it is proven in this country as well as overseas and it has a proven business model. ERA is looking for people who want to be part of a fast growing business. Above all they must be passionate about what they do, have drive and are lateral thinkers, enjoy hard work and thrive on challenges. You must be a team player comfortable with working in a strong culture.

 ____________________________________Disclaimer____________________________________

“The above information has been furnished to us by the Vendor. We have not verified whether or not the information is accurate and do not have any belief one way or the other in its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make their own inquiries in order to determine whether or not this information is in fact accurate.”

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