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.
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…”
“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
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.
ARE YOU FAMILIAR WITH THE EXPENSE REDUCTION ANALYSTS FRANCHISE OPPORTUNITY OR THE ERA FRANCHISE CONCEPT?
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