|
Below is an in-depth analysis and side-by-side comparison of Huntington Learning Centers vs Ivybrook Academy including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $133,458 - $276,669 | $310,700 - $440,200 |
Franchise Fee | $28,000 | $50,000 |
Royalty Fee | 9.5% | 6% |
Advertising Fee | 2% | 1% |
Year Founded | 1977 | 2007 |
Year Franchised | 1985 | 2016 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | up to $20K | - |
Business Experience Requirements |
||
Experience | Compassionate and caring, ready to help our students learn Able to work with both students and their parents – both our “customers” Motivated to build a team and student enrollment Accepts and embodies the Ivybrook Academy mission | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/Yes |
Start-up Costs | Yes/Yes | -/Yes |
Equipment | Yes/Yes | -/Yes |
Inventory | Yes/Yes | -/Yes |
Receivables | Yes/Yes | -/Yes |
Payroll | Yes/Yes | -/Yes |
Training & Support |
||
Training | On-The-Job Training: 16 hours Classroom Training: 155 hours Additional Training: At franchisee's location and online | We provide over 120 hours in person for you to get up and running before you even open and it doesn’t stop there. Here is a list of how we are DETERMINED to set you up for SUCCESS: Before Opening - 2 weeks of training both at our corporate location and at your school’s location Opening Month- Our team will be with you the entire week prior to opening as well as your first week of operation. After Opening- Regular visits, calls and open lines of communication are important for everyone’s success! On-The-Job Training: 46 hours Classroom Training: 66 hours |
Support | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives | Purchasing Co-ops Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | Co-op advertising, Ad slicks, National media | National Media Social media SEO Website development Email marketing |
Operations |
Franchisees required to buy multiple units/master licenses; 35% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)
| Number of Employees Required to Run: 15 |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | No | - |
Join The #1 Revenue Producing Tutoring Franchise.
Huntington Learning Center was established in 1977 and started diversifying in 1985. Today we work almost 300 focuses in 38 states across the nation. We are perceived as a pioneer and pioneer in the establishment mentoring industry, giving quality guideline to a huge number of understudies through our national system of diversified and organization claimed coaching focuses.
The originators, Dr. Raymond and Mrs. Eileen Huntington are still effectively required in the business, and our main goal continues as before as in the year it began: "To Give Every Student The Best Education Possible."
We take extraordinary pride in our notoriety for quality coaching, and in the trust and regard we have picked up from guardians and teachers alike. We are "Your Tutoring Solution" for understudies in all evaluations and subjects.