era Group Claimed
era Group Franchise For Sale
ERA Group (formerly Expense Reduction Analysts) is the Worlds #1 Cost Management Consultancy. ERA holds a powerful position within a very compelling market segment of the consulting industry. For more than 30 years, ERA has been offering individuals the opportunity to build their own businesses and achieve a rewarding work/life balance. Our franchisees save their clients money in more than 100 cost categories including freight, telecommunications, office supplies, fleet management, insurance, pharmaceuticals, distribution, Automation, AI, Engineering and more.
Broker Talking Points
- ERA is the first worldwide leading specialist for Cost and Supply Management Consultancy
- Franchisees share their knowledge/expertise in 100 different expense categories
- Joint-Venture model vs back of the house employees, means larger projects
- ERA is recesssion-resistant because they are helping businesses save money = ability to help others B2B
- ERA franchise owners come from Management, C-Suite and Leadership roles
- ERA franchise owners manage the project which means more money for them in their pocket – Joint Venture model
- This business is resistant to recession and thrives in all economic climates – especially in down turn
- Experience proven strategies for marketing and success
- Our clients sign a 3-year committment, often times, our ERA franchisees penetrate deeper into more categories and become a trusted advisor to keep their clients long term. The average value of a project annually is $34K annually and average client average annually is $177K
- A consulting or finance background is not necessary
- What is necessary is the ability to engage with executive level decision makers and build professional relationships based on trust, integrity and delivered results
- Typical backgrounds of selected franchisees include; CEO, CFO, COO, Managing Partner, Successful Sales People, Director or Executive Level Managers, Consultants, Directors and many others
- Powerful global network of franchisees
- Build your own professional consultancy
- Join a team of highly skilled and successful like minded professionals
Benefits Talking Points
Professional Benefits:
- High revenue potential (not linked to hours worked)
- Business to business client model
- Prospective clients from any industry
- Use your past/current skill sets and contacts
- Operate your own professional consultancy
- Be part of a global network of professionals
- Build a Practice after you’ve enjoyed the benefits of an annual HIGH income (sell Assett you’ve built when ready)
Investment Benefits:
- Low investment – $70K
- 10 year agreement
- No inventory or overhead
- No employees required – Joint Venture Model
- No retail sales
- No Dialing for Dollars or High sales activity – Build a referral network
Lifestyle Benefits:
- Home office based business (or a small office if preferred)
- Control of professional life
- Regional focus (little or no overnight travel)
- We’ve opened up our territories, draw from your networks outside of your territory
- Operate during normal business hours
- Excellent work-life balance potential
- Work with high-level professionals (clients and colleagues)
- Personally satisfying business value to clients
Franchise Background
First Unit Franchised: USA 2002
Franchise Units: 900+
Company Owned Units: 0
Present in 50+ countries
150+ Consultants in USA
States Registered In: All US States and Canada - PROVINCE: QUEBEC – We are not currently offering franchises in Quebec ONL
Financial Terms
Minimum Net Worth: $150,000
Franchise Fee: $69,900
Royalty: $1000/mo before marketing credits of up to $500/month first 18 months
Ad: 3%
Home Based: Yes
B2B: Yes
Master Franchise Opportunities: Yes
Average Number of Employees: 0
Passive Ownership: No
Semi-Passive Ownership: No, but can discuss transitioning from employment for the right candidate.
E-2 Visa: Yes, please check with era group prior on financial requirements.
Support & Training
Ten days of classroom induction training (plus pre-training before you attend our classroom training)
Six months of field support and continued training.
An Exclusive Software Package encompassing databases and contact management systems
Network regional meetings and an Annual National Conference
Client Management, Project and Analysis tools
Ongoing variety of Professional Development Training sessions
1st year conference - fee, hotel and food included with their franchise fee
1st 18 months - we give them up to $500 month to market their business
Technology sales tool Proprietary to ERA - game changer that is driving higher close rate and double digit projects (expense categories) per client
3 years of residual high $ earning from clients through monitoring
Financial Assistance Provided: No
Site Selection Assistance: N/A
Lease Negotiation Assistance: N/A
Recruiting Assistance: N/A
Co-Operative Advertising: No
Ideal Candidate
The franchisee is responsible for:
Buidling a referral network (target prospects and infiltrating professional network using client data base and intellectual property tools, meetings, mail campaigns, personal contact, email, contacting decision maker, new client signings, Client Engagement Letters, Recommendation Reports, Implementation Reports, Baseline Reports, and NDAs etc).
Marketing (advertisement placements, newsletters, case studies, postcards etc).
Daily operations:
If you are a client acquirer, you are building a referal network to leverage relationship and introductions to companies. Follow through using various sales and marketing methodologies you learned in two weeks of extensive Foundational Franchisee Training.
You will work with the Analytics Joint Ventures; they conduct reviews of clients accounting records to find where there are opportunities and enter projects into Knowledge Management System which is proprietary to ERA.
Within ERA, franchisees can choose the business focus. Common focus areas include business development, client management, or project analysis. Franchisees collaborate with other ERA franchisees to adopt one or more of these roles when engaging with their clients.
As the franchisee’s Consulting Practice grows, they can employ staff or independent contractors to focus on specific business operations.
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