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Schooley Mitchell is a cost reduction consulting firm that reviews business expenses such as telecom, merchant services, shipping, waste, utilities, fuel, supplies, software and uniforms. Its Cost Reduction Specialists use proprietary software and pricing databases to find billing errors and savings, then monitor client accounts on an ongoing basis. The firm has no ties to vendors and is paid from a share of the savings it finds. It has more than 350 offices across North America.
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| Fee | Amount | When it's paid | Source |
|---|---|---|---|
| Initial franchise fee | From the FDD | Once, at signing | Item 5 |
| Royalty | From the FDD | Ongoing | Item 6 |
| Marketing fee | From the FDD | Ongoing | Item 6 |
| Total initial investment | $73K to $85K | Before opening | Item 7 |
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