EXPENSE REDUCTION ANALYSTS Franchise Complaints

Expense Reduction Analysts franchise complaints include an extremely high franchise failure rate, and aggressive franchisor bullying tactics to keep failed franchisees from warning away prospective franchisees.

Are you familiar with the Expense Reduction Analysts (ERA) franchise opportunity?  Please share an anonymous comment below.

Also Read:  ERA EXPENSE REDUCTION ANALYSTS Franchise Fraud Allegations

The Expense Reduction Analysts (ERA) website claims ERA is “one of the world’s largest and most successful consultancies for cost, purchase and supply management…”

Expense Reduction Analysts“More than 700 experts in over 30 countries around the globe are already part of our network and have carried out thousands of projects since 1992. Our business opportunity appeals to qualified professionals that will become trained procurement consultants with the ability to deliver valuable savings to clients and/or to win new business.

“As a franchise partner you have the potential to generate a substantial income for you and your family. You can run your own consulting business with high flexibility and control your work-life balance…”

However, one former Expense Reduction Analysts franchise owner told us a different story.

After losing everything, an anonymous ERA franchisee told us he/she feels used, bullied, financially raped.

The franchisee feels like he/she escaped from a “financial serial killer, yet they are still free to pillage future victims.”

The franchisee claimed that many of his/her fellow franchisees suffered devastating failures, but all were so intimidated by the company’s legal threats and TRA (Termination and Release Agreement) that they are too afraid to even speak to fellow “victims.”

Nearly Half of ERA’s Franchises Ceased Operation Between 2010-2013

Expense Reduction Analysts Franchise

 

To verify the franchisee’s claim that Expense Reduction Analysts franchisees were failing in droves, we obtained a copy of Expense Reduction Analysts 2013 Franchise Disclosure Document (FDD).

Sure enough, the FDD revealed that 304 Expense Reduction Analysts had been open in the U.S. between 2010 and 2013.

Of those 304,  125 (42%) franchises had been “terminated” or “ceased operation.”

Those numbers imply that nearly half the franchisees who invest in ERA thinking they’ll be getting “high flexibility and control” of their “work-life balance” will end up prematurely being terminated or ceasing operation.

For many, they received financial devastation in lieu of “work-life balance” and control.

Expense Reduction Analysts: “still free to pillage future victims”

One former Expense Reduction Analysts franchise owner believes the system is rigged from the start, stating “they knew from the beginning what they were going to do to me financially.”

He/she claims that Expense Reduction Analysts created a climate of fear and shame in which franchisees are afraid to let on to their fellow franchisees that they are struggling.

The franchisee writes “The ERA franchisee culture is that none of the franchisees wanted to reveal they were struggling. No one wanted to admit that things were not going according to what the Expense Reduction Analysts franchisor said should happen.”

The franchisee states that once they fail, franchisees are forbidden from sharing their negative experiences with future franchisees with a gag order (“Confidentiality and Non-Disparagement”).

So, evidently, the cycle is free to go on and on…

If you are considering an Expense Reduction Analysts franchise, or really any franchise opportunity, consult with an experienced franchise attorney and other qualified advisors.

Also Read: 

ERA EXPENSE REDUCTION ANALYSTS Franchise Fraud Allegations

ARE YOU FAMILIAR WITH THE EXPENSE REDUCTION ANALYSTS FRANCHISE OPPORTUNITY OR THE ERA FRANCHISE CONCEPT?
PLEASE SHARE A COMMENT – POSITIVE OR NEGATIVE – BELOW.

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TAGS: Expense Reduction Analysts, Expense Reduction Analysts franchise, Expense Reduction Analysts franchise complaints, Expense Reduction Analysts complaints, ERA franchise, ERA complaints, ERA Franchise Complaints, Franchise gag orders, franchise churning, Unhappy Franchisee, franchise warning, franchise complaints

56 thoughts on “EXPENSE REDUCTION ANALYSTS Franchise Complaints

  • January 24, 2017 at 3:51 pm
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    I also went to a discovery day where there were a lot of city types attending I’m glad I decided not to proceed with ERA but now wonder how many of people on discovery day I was on did and if so lost money

  • February 28, 2017 at 12:29 pm
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    I went to a discovery day last week in Southampton. Very convincing story and with the support of the BFA and HSBC. The comments above though tell a different story so will be re-considering. Thanks for all the comments and input.

  • July 7, 2017 at 10:09 am
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    If your reading this thread and using it as a basis to make any sort of decision then any franchise is wrong for you. there are only about 5 people on here saying don’t do it. Obviously these are just the people who lacked the motivation to make the business work, didn’t like hard work or just lacked the ability and are doing the typical thing of pointing the finger as someone else ignoring the fact that most people clearly succeed. If they didn’t there wouldn’t be an ERA. One of the biggest mistakes people make is attaching themselves to other failures and sharing their shared lack of success which is what is happening here. its really very simple. Do your due diligence. Speak to existing franchisees and make sure you speak to the ones you want to (just look on LinkedIn for them), make your own decision and most importantly be prepared to work very hard. Nobody will tell you it will be easy as it wont but it does work. Don’t allow yourself to be swayed but the chuntering of a few people who failed and have nothing better to do then still sit and complain. Its no wonder they failed if they spent their time complaining!

  • July 8, 2017 at 1:06 pm
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    Un Believable:

    Half of the post above is information disclosed by the company itself in the FDD.

    It reads:
    “To verify the franchisee’s claim that Expense Reduction Analysts franchisees were failing in droves, we obtained a copy of Expense Reduction Analysts 2013 Franchise Disclosure Document (FDD).

    “Sure enough, the FDD revealed that 304 Expense Reduction Analysts had been open in the U.S. between 2010 and 2013.

    “Of those 304, 125 (42%) franchises had been “terminated” or “ceased operation.”

    “Those numbers imply that nearly half the franchisees who invest in ERA thinking they’ll be getting “high flexibility and control” of their “work-life balance” will end up prematurely being terminated or ceasing operation.”

    We have not received an answer to our question as to why the turnover rate indicated in this FDD is alarmingly high.

    Do you have any insight into this?

    Anyone?

  • July 10, 2017 at 11:44 am
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    afraid not. I was referring, as were the majority of comments, to the UK operation

  • July 10, 2017 at 11:50 pm
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    I don’t believe franchisors provide FDDs in the UK so I do not have the franchise openings and closings and turnover rates for the UK like I do for the U.S. (which is alarming, in my opinion). Do you have any hard evidence that this concepts works if you work it in the UK? Because the U.S. turnover is concerning and the company does not provide any answers regarding it.

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