Schooley Mitchell franchise
2026 filing · September 21, 2026Shares sales figures
Schooley Mitchell at a glance
A cost-reduction consulting business that lowers clients' spending on telecom, utilities, merchant fees and other expenses. At the end of 2026 there were 304 Schooley Mitchell locations in the US, all franchised.
The business
- Industry
- Business services
- Franchisor
- 1073355 Ontario Limited
- The company that sells the franchises
What you pay
- Cost to open
- $75K–$86K
- A standard franchise
- Franchise fee
- $73,000
- Paid once, when you sign
- Royalty
- 8%
- 8% of gross sales for a standard franchise, paid monthly, with minimums of $200 a month (months 7–29) and $400 a month (from month 30)
- Brand fund
- Yes
- 2% of monthly gross sales with a $50 to $100 monthly minimum; 3% for a builder franchise
- Agreement length
- 10 years
Where it is
- US locations, 2026
- 304
- Franchised and company-owned
- Franchised
- 304
- Company-owned
- 0
From 1073355 Ontario Limited’s 2026 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Schooley Mitchell among all franchises with the same figure.
| Figure | Schooley Mitchell | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $80,425 | Costs less than 92% of franchises |
| Franchise feePaid once, when you sign | $73,000 | Higher than 95% of franchises |
| RoyaltyShare of sales paid to the franchisor | 8% | Higher than 85% of brands with a set rate |
| US locationsFranchised and company-owned | 304 | More than 90% of franchises |
How much a Schooley Mitchell franchise costs
Opening a standard franchise costs an estimated $75,300 to $85,550. That covers the franchise fee and everything else needed to open, through the first months of working capital. It is one of the low-cost franchises.
The biggest costs are initial franchise fee ($73,000) and training expenses ($500 to $2,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $73,000 | ||
| Training Expenses | $500 | $2,000 | |
| Equipment and fixtures (in home office) | $0 | $2,000 | |
| Equipment and fixtures (Optional office outside of home) | $0 | $2,000 | |
| Security deposits, insurance, utilities, licenses, professional fees, inventory, and other prepaid expenses (in home office) | $0 | $1,000 | |
| Security deposits, insurance, utilities, licenses, professional fees, inventory, and other prepaid expenses (Optional office outside of home) | $0 | $2,000 | |
| Rent (Optional office outside of home) | $0 | $750 | |
| Office supplies (with logo) | $800 | ||
| Additional Funds – 3 Months | $1,000 | $2,000 | |
| Total | $75,300 | $85,550 | |
Source: 1073355 Ontario Limited, 2026 filing, page 15
Schooley Mitchell franchise fee
The franchise fee is $73,000. You pay it when you sign the franchise agreement.
Source: 1073355 Ontario Limited, 2026 filing, page 10
Royalty and ongoing fees
| Royalty | 8% of gross sales for a standard franchise, paid monthly, with minimums of $200 a month (months 7–29) and $400 a month (from month 30). |
|---|---|
| Brand or marketing fund | 2% of monthly gross sales with a $50 to $100 monthly minimum; 3% for a builder franchise. |
| Software and Marketing Programs Fee | $120 |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: 1073355 Ontario Limited, 2026 filing, pages 11 and 12
Other fees as filed, from page 12. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Schooley Mitchell publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: 1073355 Ontario Limited, 2026 filing, page 38
SBA loans to Schooley Mitchell franchisees
Lenders approved 57 SBA 7(a) loans for Schooley Mitchell franchisees from 2018 to 2026, $7.52M in all. Of the 24 that have ended, 15 were paid in full and 9 were charged off (37.5%). The other 33 haven’t ended yet.
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
How Schooley Mitchell compares
Of the 324 business services franchises on this site, Schooley Mitchell is the 156th cheapest to open and the 20th largest by number of locations.
| Figure | Schooley Mitchell | Typical business services brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $75K | $77K | $222K |
| Cost to open, high end | $86K | $136K | $477K |
| Franchise fee | $73K | $45K | $40K |
| Royalty | 8% | 7% | 6% |
| US locations | 304 | 32 | 21 |
| Change in franchised locations, 0 yrs | +51.2% | +3.8% | – |
| Shares earnings figures | Yes | 187 of 324 | 2,147 of 3,352 |
Typical is the median across the 324 brands in business services franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned |
|---|---|---|
| 2024 | 227 (+26) | 0 |
| 2025 | 259 (+32) | 0 |
| 2026 | 304 (+45) | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating. U.S. offices only; years end in February.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: 1073355 Ontario Limited, 2026 filing, page 42
Who owns Schooley Mitchell?
Schooley Mitchell franchises are sold by 1073355 Ontario Limited.
From 1073355 Ontario Limited’s 2026 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | Yes. The filing describes past or pending cases involving the franchisor, its affiliates or its executives on page 9. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: 1073355 Ontario Limited, 2026 filing, litigation on page 9, bankruptcy on page 9
Schooley Mitchell filings
The figures on this page come from 1073355 Ontario Limited’s 2026 filing, issued September 21, 2026, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2026 filing | September 21, 2026 | NASAA depository | Costs, fees and locations, 2024–2026 |
Each link opens the filing as a PDF. See the newest filings across all brands.
