Is the initial franchise fee for an Expense Reduction Analysts franchise refundable?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 5: INITIAL FEES]
ITEM 5. INITIAL FEES
Initial Franchise Fee
The Initial Franchise Fee is $69,900 and is due in immediately available U.S. funds when you sign the Franchise Agreement. The Initial Franchise Fee is not refundable and is uniform for all franchisees, except those sold under the VetFran® initiative. We proudly offer VetFran® qualified veterans a discount of $5,000 off the Initial Franchise Fee.
Source: Item 5 — INITIAL FEES (FDD pages 12–13)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, the initial franchise fee is generally not refundable. The standard initial franchise fee is $69,900, which is due when signing the Franchise Agreement.
However, there is an exception for qualified veterans participating in the VetFran® initiative, who receive a $5,000 discount on the initial franchise fee. Despite this discount, the initial franchise fee remains non-refundable even for VetFran® participants.
Prospective franchisees should be aware that, under certain circumstances in Ohio, a franchisee may cancel the transaction within five business days of signing the agreement. If a franchisee cancels, any payments made will be returned within ten business days following Expense Reduction Analysts' receipt of the cancellation notice.