Expense Reduction Analysts

Location

Nationwide

Initial Investment

£44,900

Training provided

Yes

Social

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About Us

Time to unlock your potential

Expense Reduction graphic

Use your experience and our proven methodology to build a successful B2B consulting franchise.

ERA offers you the best of both worlds: the freedom, flexibility, job satisfaction and control of being self-employed combined with the global brand, international network, proven business model, systems training, and back-up support you need to grow a profitable and successful business.

Expense Reduction Analysts (ERA) – the world’s number one franchise in business strategy, supply chain and cost management and winner of the Global Franchise Awards “Best White Collar Franchise” of 2018 & 2019, is offering you the opportunity to become part of our award-winning, international network of specialist business consultants.

As an ERA franchisee, you will help your clients to optimise their overhead expenditure, improve processes and create opportunities for further growth while also minimising their risk through our “No Savings, No Fee” business model.

ERA’s unique business model allows our franchise partners to sell multiple services across over 40 different cost categories. This means that if you identify an area that your client requires a solution for, and you don’t have the relevant knowledge, you can reach out to any of our 700+ franchise partners to assist you with projects. You still present a successful solution to the client and earn money, rather than turning a business away.

expense reduction colleagues

About You

If you have a proven track record in leadership roles or management positions, possess good communication, sales and negotiating skills, or can demonstrate high levels of expertise in a specific sector or expense category, then we want to talk to you about operating your own cost management consultancy with ERA.

Training and Support

You don’t need to be an Analyst to join Expense Reduction Analysts

Our comprehensive 18-month Start-Up Program ensures that all of our franchisees are given the tools they need to set up and run a successful ERA business. This includes a business mentor to help you fully maximise your efforts during the initial growth stage of your business. Once established many of our franchisees concentrate their businesses to suit their style. Whether that’s analytical or business development focused, it’s achievable within Expense Reduction Analysts.

expense reduction worker

Financial Information

ERA franchise license

  • The non-exclusive right to operate an ERA business using the ERA System for an initial period of 10 years + renewable period of a further 10 years
  • The right to use the name, brand and logo “Expense Reduction Analysts” for the duration of your franchise
  • The provision of, and access to, intellectual ERA properties including the Operations Manual and methodology
  • Access to a global network of more than 650 ERA consultants
  • Ongoing support from our Operations department

expense reduction colleagues

World class training programme

  • Full Preparation, Basic & Advanced Training Programmes
  • 18-month Business Start-Up Programme
  • Support of your ERA Coordinator for first 18 months
  • Opportunity to hone your sales skills with Sales AccelERAtor training
  • In-field mentoring support from your ERA Business Guides
  • Opportunity for additional, future Refresher Training

expense reduction training

Award-winning marketing support

  • Access to ERA’s award-winning marketing support
  • Delivery of your starter “marketing kit” as well as access to all marketing materials
  • Access to all direct marketing, content & collateral tools
  • Use of more than 700 client case studies globally
  • Online & digital support to deliver your inbound marketing
  • Access to upgraded Social Selling too

Bespoke IT software

  • IT and ERA Systems support
  • Bespoke ‘InfoFlow’ system including:

o Prospecting database

o Microsoft Dynamics

o RFX Tendering software

  • Access to Microsoft 365 software including:

o Skype for Business

o SharePoint

o Excel, Powerpoint, Word, etc

Cost of Entry

  • Franchise fee £24,900
  • Training & Coaching £15,000
  • IT Systems & Software £5,000
  • Total cost: £44,900

Management Service Fees

  • 15%
  • 3% (contribution to marketing fund)

Why ERA?

  • Excellent Work-Life balance
  • Professional development and in-field coaching support
  • High earning potential
  • Relatively low overhead costs
  • Awarded “Best White-Collar Franchise” at the Global Franchise Awards 2018 & 2019
  • Award winning marketing support
  • An Established brand with more than 25 years of experience
  • Expertise in more than 40 different areas of overhead expenditure
  • A highly experienced global network of more than 650 business consultants

Gallery

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Harsha Patel

Franchise Partner Profile

harsha patel case study

Over the last 10 years, Harsha Patel and her husband Pritesh have built their Expense Reduction Analysts (ERA) franchise into a highly profitable and rewarding business. For two consecutive years in 2014 and 2015 their business ranked as one of the top performing out of more than 150 consultants. The couple have three full time members of staff and, having just renewed their 10 year franchise agreement, have no plans to slow down their growth!

For Harsha, success isn’t just about profits. One of the most important aspects of their thriving business is the flexibility and time it allows her to spend with her children: “I’m thankful for being able to work from home and be around for my kids. It’s allowed me to have flexibility and retain the bond that so often is lost when a choice has to be made between career and
family life.”

The couple launched their franchise in 2006 with Pritesh as full-time consultant. It was planned that Harsha would join the business four to five years later. However, thanks to rapid growth and continued success, Harsha came into the business just two years later after the birth of their second child

“It was always the plan that we would run the business together when it called for it but it actually only took two years to get to that point. We took on our first employee in 2009 and quickly realised the benefits of the extra resource! Today we have three full time members of staff and that has enabled Pritesh and I to work to our strengths to grow the business more effectively whilst maintaining the flexibility we originally craved.”

Prior to owning their franchise, Harsha spent eight years working in the mortgage industry after graduating from university with a BA Honours degree. Like many others before him, Pritesh knew in his heart that he wanted to do something for himself and build a future for his family. He had already heard of the ERA brand whilst studying at university and so, the couple visited a franchise exhibition to learn more about the opportunity.

ERA are world leaders in cost management and procurement consultancy. Associates are trained to offer strategic advice and practical methods which optimise supplier relationships and generate cash. Boasting the highest consulting revenue of any UK procurement franchise, ERA Franchise Partners have enjoyed an impressive increase in sales over the past five years.
“We first met with ERA when we visited a franchise exhibition. I think what we liked about them most was that they didn’t just try to push the franchise on us, they helped us to understand how franchising worked and what it entailed. We built a bond of trust relatively quickly.

“We both liked the business model and could see very quickly that with our combined skills and the ERA processes already in place, this was something we could do. Pritesh and I went to a Discovery Day together, did our research together…everything. We went into every aspect of business ownership as a couple from
day one.”

expenses reduction case study couple

ERA’s award-winning programme of training and support is designed to equip you with all the knowledge and confidence you need to successfully launch and run your business, whatever your skills or background. New Franchise Partners undertake a tailored five-week course consisting of classroom and hands-on learning at the ERA Academy.
“We’ve reached a point now where we’re more or less self-sufficient but we have a nice balance and Head Office are always there for any support if we do need them. They fully support your expansion and growth as well as nurturing you after your launch. The rest of the network have been supportive too, you can always rely on other franchise partners for advice and guidance if you need it.

“I guess in a nutshell, ERA provide all the tools to help you get ahead. There’s ongoing business development for anyone that wants it plus regional meetings, conferences and workshops and business coaching.”

When you join ERA, you join a network of over 150 consultants, each an expert in their own field. Access to this combined knowledge ensures that your business isn’t confined to one or two cost centres or even your own area of specialism. Our Franchise Partners work together to maximise opportunities for collaboration, expansion and guidance.
As would be expected, the couple are both well respected and recognised as experts within the ERA network. In 2015 Pritesh was nominated by his peers for ERA’s prestigious internal award, ‘Consultant’s Consultant of the Year’ for his contribution to the network and supporting his fellow Franchise Partners. When it comes to plans for the future, for Harsha and Pritesh the sky is the limit! But one thing’s for certain, they feel confident that their future is
with ERA.

expenses reduction case study picture

“We’ve just renewed our 10 year agreement. It was a no-brainer! We really want to keep the momentum and sustain the business growth and really there’s no reason we can’t do that. We plan to diversify and extend our reach
even further.

“We’ve perfected our model now and we understand how both of our skill sets can best benefit the business. Pritesh is 100% client facing and I handle all the business administration. My role is to keep all the plates spinning…We make a good team!”

 

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