Schooley Mitchell

Liquid Capital Required

About Schooley Mitchell


Description:
 

Professional B2B Consulting Franchise helping businesses make decisions about telecom services and products. We also minimize our clients Electronic Payment Processing bills if they supply merchant services. We only charge the client a fee if we save them money, which makes client acquisition an easy process. Our Franchisees are independent of all suppliers of telecom – no commissions, residuals, or kickbacks from suppliers – we always look out for our client’s best interest. Quick ROI – low cash investment – revenue driven business – can be operated from home or office – Franchisees can do business anywhere in North America – ideal Franchise for executives.

Our basic service, referred to as Existing Systems Review, is really quite simple. We review all the services and equipment that a business client uses to communicate. That includes cell phones, local service, long distance, calling cards, conferencing, data, internet, and more. Our clients are often not familiar with the products and services they are currently using because of the confusing environment in telecom. We prepare a professional report summarizing the services received and costs incurred. We then advise the client about how to recover overpayments and how to receive equal or improved service, for less expense. If we find ways to save them money and the client likes what we’ve recommended, the fee is an equal portion of the savings for a specified period of time! During the term of the contract with the client, we continue to evaluate their needs and will bring forward additional recommendations that create additional savings for the client and additional fees for our Franchisee. Ultimately we’re creating a recurring revenue stream with our existing clientele.

Business Type:  Home Based; B2B

Background:

Year Established: 2004

Year First Franchised: 2004

Franchised Units: 100 - 250

Actual number of units: 130

Company Owned Units: 1

Financial Terms:

Cash Investment (Liquid): $75,000

Maximum Investment: $64,250

Minimum Net Worth: $125,000

Franchise Fee: $56,500

Discounts:  Vet Fran

Average # of Employees: Flexible

Financial Performance Representation / FPR-Item 19 in FDD: Yes

Participation Type: Owner-Operator; Executive Model; Passive Ownership

Royalty Type: Flat Percentage Fee   8%

Ad Fee Structure:   2%

Support and Training:

The training provided comes in various formats. First of all, there is a 5 day initial training course held at The Telecom Institute at Head Office. All new Franchisees are required to take the initial training course before they begin work in a Schooley Mitchell Franchise. There are five days of training in the operations, marketing, sales, business building and relationship building processes that are effective for Schooley Mitchell Franchisees. The course includes basic technical training and more importantly, instruction on the use of our reference manuals. It includes instruction on how to use the continuous training facilities through The Warehouse, our Intranet environment as well as two days of training using the actual software tools including live client cases.

Following the corporate training, candidates will have Schooley Mitchell support teams at their location doing on-site training for an additional 5 days.

Each new Franchisee also receives an intensive first year of Business Development Mentoring and Coaching Program. This one-on-one training is comprised of tips, tools and information about Sales, Marketing, Telecom, Analysis, Operations and The Warehouse. This training includes our "Quick Start Program" where our Franchisee Success Advisors (FDAs) work with our new Franchisees through their first 10 clients to ensure that optimal solutions have been found for their client. The FDAs will work from start to finish with those 10 clients and beyond if necessary.

Initial Training is finished off with five days of video training in the Franchisees office. These training modules are telecom in nature and cover a variety of telecom and tech related topics.

Franchise fee includes the 52 week sales and marketing coaching program.

Site Selection Assistance: No

Lease Negotiation Assistance: No

Co-operative Advertising: No

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Thousands of families across the United States are joining successful franchise systems to achieve their dreams of business ownership. At first glance, the process of starting a franchise can be extremely daunting; however with proper due-diligence and open conversations with Vice Presidents of Franchise Development you will discover which franchise systems are the right fit for you and your family.