Expense Reduction Analysts (ERA)

About Expense Reduction Analysts (ERA)

Expense Reduction Analysts (ERA) franchisees are business optimisers – consulting with clients on their operational costs, working with each other to deliver savings on those costs, and then sharing this “hidden profit” 50-50 with the clients on an ongoing basis.

Most organisations turning over less than £50m don’t have a procurement department. For those that do, the team is typically focused on their highest costs – often purchasing goods for resale or raw materials. Expertise in buying one product or service doesn’t necessarily translate into expertise in buying others.

For example, it is neither practical nor sensible to have niche experts (such as print) on the payroll when contracts are negotiated every few years. However, having one on your side of the negotiating table when you do, means that they can use their market knowledge, price visibility and understanding of contracts to significantly reduce outgoings when compared to historic prices.

ERA franchisees are those people. Its proven business model presents a well-trodden path to building your own successful consultancy practice. Starting up with ERA is a low-cost, low-risk way to grow your own business within a network of like-minded, driven and successful people.

You’ll collaborate on projects with your fellow ERA franchisees, both nationally and globally – utilising the diverse specialisms and expertise of each consultant to work with larger clients and drive meaningful savings.

· Build a recurring monthly income stream with typically c.50 to 60 per cent net profit
· ERA keeps you at the cutting edge with the latest cost optimisation opportunities
· Recession and pandemic resilient – businesses always want to uncover hidden profits
· Refined tech-stack with AI does more of the admin, so you can focus on your clients
· Assemble project teams from the ERA network to serve global clients across 40 countries
· Award-winning, world-class training and support where ERA’s success depends on yours.

The dynamic and energetic leadership team are overseen by the original founder – Fred Marfleet – who started Expense Reduction Analysts in 1992.

Driven and rewarded by franchisee success, you simply must meet the team to get a feel for the inspiring warm atmosphere within the network.

How much does a franchise cost?

The franchise fee for a 10-year license is £39,950-plus VAT; you will also need to account for working capital, which will vary depending on your personal circumstances.

You should be aiming to build a multi-consultant operation turning over approximately £500,000 annually, with a team of four to five people. With net margins at c.50 to 60 per cent, you can enjoy an annual income of £250,000 with your established consultancy. Top-performing franchisees earn considerably more than this.

The larger you can scale your consultancy, the greater the value of the business – so ERA always strongly encourages and assists you in scaling up. This makes your consultancy a valuable asset to sell when you decide to exit the business – potentially worth many hundreds of thousands or even millions, depending on the size of your business.

How does the franchise model work?

Optimising businesses is hugely rewarding, personally and professionally. Uncovering efficiencies on an organisation’s bottom line is highly satisfying and provides a recurring monthly income to help you achieve your lifestyle ambitions.

The business franchise‘s global network of over 750 franchise partners is highly collaborative – you assemble a project team for each client that capitalises on the network’s combined expertise and experience to drive meaningful efficiencies and savings.

For example, if your client is overpaying for their transport costs, you have access to a transport specialist within the network who can deliver savings, and profit, to you and your client.

This model gives you the best of both worlds: building something for yourself, where you’re in control, while still being part of a wider team.

· ERA gives you the strategies and systems to succeed
· Work from home and benefit from its proven lead gen programme
· Collaborate with other franchisees to deliver projects together
· Develop a multi-consultant practice to serve more clients
· When you’re ready, realise the value of your asset.

ERA stands for quality and longevity – driving measurable results through each client’s organisation.

Your target clients will be businesses with annual turnovers of £10m to £100m-plus. Leveraging any existing C-suite commercial relationships will see you off to a flying start with your new ERA consultancy, and the experienced support team will guide you with proven lead generation strategies.

The ERA brand provides the credibility and systems for your consultancy.

What locations or territories is Expense Reduction Analysts looking to operate in?

ERA has opportunities available nationwide.

What are the franchise terms of agreement and renewal?

The franchise agreement is for 10 years, renewable.

What is Expense Reduction Analysts looking for in franchisees?

If you are a confident and credible professional, a relationship builder who is familiar with the corporate world and now wants more, ERA offers a proven route to building your own business consultancy.

Did you know?

Expense Reduction Analysts (ERA) is eligible for funding support!

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Hunger, proactivity, ambition and spirit – combining these attributes with your career experience and its powerful model is the key to building a successful consultancy.

Franchisees come from a wide range of professional backgrounds, but what they all have in common is a desire to build an asset, earn what they deserve and put their past experience to use.

Whatever success looks like to you – greater wealth, more control, time with your family, flexibility or building your pension pot – you can achieve this, and more, with ERA.

Hear from some of its current franchisees

“I was in my late 20s when I started. My wife joined me in the business a few years later and we are now a team of seven. We enjoy a dream work-life balance, make a great income and have that precious time for our family.”
– Pritesh, franchisee since 2006

“I’m confident that leaving my corporate role in New York to start my ERA franchise will give me the rewards, lifestyle and balance that I’m looking for. I love finding profits for my clients and my income is directly linked to my own efforts – that’s a great place to be.”
– Laura, franchisee since 2021

“I joined ERA over 10 years ago with the ambition to build a large consulting business. Today I employ more than 25 people. We’ve got ambitious targets to take our business from today’s seven-figure revenues to even higher levels.”
- Peter, franchisee since 2008

Success is dependent on forging strong relationships with your clients’ C-suite. The stronger these relationships, the more areas of each business you will be invited to optimise – and the more profit you will be able to uncover and share.

What support and training do franchisees receive?

Every ERA franchisee has unlimited access to its award-winning training and support programme, which includes:
· Onboarding and integration into the regional team
· A two-week foundational training course, learning about ERA’s methodologies, client acquisition and project delivery
· Regular coaching to help you transition into a fully rounded consultant
· Ongoing support to acquire new clients and retain existing ones
· Ongoing mentoring from experienced franchisees to support project delivery
· Opportunities for additional future refresher training, at no cost, to ensure you stay on top of your game
· Access to its online learning platform, with extensive training videos to watch at your own pace.

Further to the intensive initial training, its one-to-one ongoing mentoring will set you up over the first year to maximise the return from your time, energy and skills. And the support continues throughout your business journey, changing as your consultancy develops.

Power Assist Programme
The Power Assist™ launch programme encompasses many marketing funnels both online and offline, as well as a dedicated sales prospector for your first six months – all included in your licence fees.

You will also be trained in sales, business development and relationship building in order to help you grow and harvest new business faster.

ERA is constantly refining and adding to its training programme to keep it ahead of the competition – a key reason it has won so many franchise awards in recent years.

Dedication to your personal development
It is every bit as passionate about your personal development and continual learning as you are. That’s why ERA strives to help you reach your professional goals however it can – most notably by keeping its training techniques at the cutting edge and ensuring round-the-clock support from its global network.

Joining ERA pushes you forward in every way possible from both a professional and personal point of view.

Why is Expense Reduction Analysts a good investment?

If you are a confident, credible professional with a desire to challenge yourself to achieve more than you thought possible, who wants to be part of a network of like-minded business people, while setting your own rewards, then you simply need to contact Tim Barber-Lomax for an initial discussion regarding the unique ERA franchise opportunity.

How in demand is ERA’s services?

For any business generating significant turnover, cost optimisation and supply chain management are critical considerations. Your clients will be savvy business professionals that want to work with experts like you and the wider ERA network to leverage your expertise and know-how to generate increasing profits. Its global network is growing; it is a truly exciting time to join the fast paced and lucrative world of ERA.

How can I get started on setting up my own business?

As with any franchise, it’s always a good idea to do your own research before making any big decisions. If you would like to take your enquiry further, Expense Reduction Analysts will help you with a full due diligence programme, along with bank support for those who need funding.

To find out more or to request further information on franchising with Expense Reduction Analysts, click the ‘Request Free Information’ button now.