8/10

Franchimp Summary Rating

8 /10
Lower than 29% of peers

Franchise Summary

Description
As a franchisee, you will operate a business providing professional cost reduction consulting services and other consulting services to business clients under the name SCHOOLEY MITCHELL under certain standards of operation
Company Background
SCHOOLEY MITCHELL is a franchisee that helps business owners reduce costs. Our company provides professional consulting services under the name SCHOOLEY MITCHELL(R) to ensure high standards of operation. We are committed to providing value-added services and products for our clients, with an emphasis on measurable results.
Franchise Opportunity
Operating a business can be expensive and time consuming. You need to find ways to cut costs without sacrificing quality or service. SCHOOLEY MITCHELL is the answer. We are a professional cost reduction consulting firm that has been helping businesses save money for over 30 years. As a franchisee, you will have access to our proprietary methods and tools, which have helped us save our clients millions of dollars. You will also receive training and support from our team of experts so that you can provide the best possible service to your clients.
Corporate Structure
The franchisor is 1073355 Ontario Limited, operating as SCHOOLEY MITCHELL TM. They are an Ontario corporation that was incorporated on April 25, 1994. Their principal business address is 1073355 Ontario Limited, O/A SCHOOLEY MITCHELL TM, 91 Brunswick Street, Stratford, Ontario, N5A 3L9. They began offering franchises for SCHOOLEY MITCHELL TM locations in April of 2004.

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Consulting Services Industry

$926,751 / unit

Franchise Type: Standard

Average Revenue During 2020

$926,751
$100,925
Industry Low
$926,751
Industry High

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of Schooley Mitchell Franchisees

Schooley Mitchell Franchise System Development in 2024

FAQ

How much investment do I need to start my own Schooley Mitchell business?
Franchisees typically require at least $75,300 to $85,550 investment to get their Schooley Mitchell business started
What are the initial franchise fees for Schooley Mitchell?
Franchisees typically need to pay at least $73,800 in fees directly to Schooley Mitchell in order to earn the right to launch their business
How much money can I make with a Schooley Mitchell franchise? What are the average revenues for a typical Schooley Mitchell business?
We estimate that the average revenue of an individual Schooley Mitchell unit is approximately $926,751. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a Schooley Mitchell unit? What is my contractual commitment?
Schooley Mitchell franchisees are typically required to sign up to a 10 years year contract initially. The renewal length is 5 years years. You can of course exit early but don’t expect to get any refund!

Accessibility

8 /10
The Franchisor's investment costs ranges from $75,300 to $85,550 which is Much Lower than the $0 to $0 average in the Consulting Services industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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