May 28, 2024 by Ewell Smith
This episode is brought to you by YourFirstFranchise.com
The podcast features Dennis Schooley, the founder of Schooley Mitchell, discussing his franchise concept with host Ewell Smith.
Dennis shares insights about his background as a former college hockey player and semi-pro baseball player, and delves into the challenges and successes of his business journey. He emphasizes the significance of motivation and the importance of the franchisee's effort in achieving success.
Dennis highlights that Schooley Mitchell helps businesses save money by analyzing their expenses, specifically focusing on areas like telecom, waste, courier services, and more. The business model is based on a contingency fee, meaning they only charge clients a percentage of the savings they find. He explains that most franchisees work independently, leveraging the extensive support and analysis provided by the company's head office.
The podcast also covers the startup process for new franchisees, including training, ongoing support, and marketing strategies. Dennis notes the relatively low investment required to start a Schooley Mitchell franchise, and how the company's growth vision includes expanding cost categories and increasing franchisee numbers.
Dennis stresses the importance of matching the franchise culture with the right clients and the necessity for new franchisees to come in with an open mind, ready to learn and replicate the successful models already in place. He ends by encouraging potential franchisees to consider Schooley Mitchell for its supportive structure and significant market opportunities.
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Nassau, NY
- Total Gross Revenue 2023: $1,300,000
- Number of Employees: 2 (1 Account Manager, 1 Night Manger)
- Resale Price is $450,000 (includes $120,000 initial franchisee fees)
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About The Author: Ewell Smith - Certified Franchise Consultant / Publisher - Close The Deal / Host - Close The Deal Podcast / Author - Your First Franchise Roadmap - Ewell serves aspiring entrepreneurs and Veterans considering a franchise. To learn more, contact Ewell.
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