TL;DR
P3 Cost Analysts is a nationwide cost reduction consulting franchise concept that helps businesses reduce their overhead costs, with a reported initial investment of $68,690 to $79,035. The brand has approximately 49 locations in more than 23 states and is actively offering new franchise opportunities across the country.
REPORTED COST TO GET IN: $68,690 to $79,035.
REPORTED ROI (Item 19): N/A
P3 Cost Analysts is a nationwide cost reduction consulting franchise concept that helps businesses, small governments and municipalities find ways to save money on their utilities, telecommunications and waste expenses.
P3 Cost Analysts was established in Fayetteville, Arkansas in 1991 by CEO Aaron Stahl, who got started in the cost-recovery business at the age of 22. Since then, the brand has grown into a successful franchise system that helps businesses in various industries reduce their overhead costs. P3’s leadership team has more than 150 years of combined experience. As the next step in its growth, the brand officially opened its first franchised unit in 2019.
According to third-party sources, as of December 2023, P3 Cost Analysts has approximately 49 locations in more than 23 states. The brand is actively offering new franchise opportunities across the country.
The core of P3 Cost Analysts’ business model is focused on advising businesses about how they can cut down on their overhead costs. The brand works on a risk-free basis, meaning if it doesn’t find ways to optimize your spending, then it doesn’t take a fee. However, according to P3 President Michael Nicholas, the brand finds savings for 90% of its clients. Since its inception, the brand has worked with more than 30K clients across the U.S., Canada and Mexico.
“Our services aim to uncover the vendors’ hidden errors and overcharges while determining if there is a more cost effective way for you to be billed,” the brand wrote on its website.
As a result of its services, P3 Cost Analysts has worked with a wide clientele base from small businesses to Fortune 500 companies. The brand lists the following benefits to operating one of its franchises:
Access to its team of auditors
Hands on startup training and support
Follow-up correspondence training
Marketing assistance
Database, materials and reporting
Low buy-in opportunity
Residual stream-of-income creation
Profits from saving businesses money
P3 Cost Analysts does not have a publicly available Item 19. To learn more, contact the team about reading the Franchise Disclosure Document (FDD), which will state the total earnings of any company or franchise-owned unit as a reference.
As of the publishing of this story, the investment required to open a P3 Cost Analysts franchise ranges from $68,690 to $79,035. This investment is broken down into the following costs:
Initial Franchise Fee: $59,500
Furniture: $0 to $1,000
Computer Hardware and Computer System: $0 to $1,000
Internet Connection: $0 to $225
Office Equipment and Supplies: $400 to $500
Business Licenses and Permits: $175 to $700
Initial Supply of Marketing and Promotional Materials: $500 to $1,500
Insurance: $500 to $750
Professional Fees: $1,500 to $3,000
Training Expenses: $1,615 to $3,260
Additional Funds/Working Capital: $4,500 to $7,500
Interested candidates must also have a minimum net worth of at least $100K.
The initial franchise fee required to open a P3 Cost Analysts franchise is $59,500. Unlike traditional franchises, P3 Cost Analysts does not charge an ongoing royalty fee. Instead, the franchisee retains 40% of the total revenue for the lifetime of the client engagement.
P3 Cost Analysts offers a $5K discount off its initial franchise fee for qualified veterans.
Aaron Stahl — CEO
Scott Swearingen — Vice President
Colby Ezell — CFO
Michael Nicholas — President
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P3 Cost Analysts Franchise Profile | IFPG
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In this story
This story was originally published in 1851 Franchise on December 27, 2023. Burnaze summarizes and links to the original reporting.
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