| ||||
Updated RecentlyLearningRx vs e² Young Engineers Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of LearningRx vs e² Young Engineers including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $90,000 - $149,000 | $41,110 - $51,000 |
| Franchise Fee | $25,000 | $30,000 |
| Royalty Fee | 7% -8% | $250 / 7% |
| Advertising Fee | 3% | 5% |
| Year Founded | 1986 | 2008 |
| Year Franchised | 2003 | 2011 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | $5K | - |
Business Experience Requirements |
||
| Experience | - | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
||
| Training | As a brain training company, we value initial and ongoing training very highly. Our training includes a 2-day job shadowing with one of our franchisees prior to our 10-day training in Colorado Springs, CO. The 10-day franchise training covers our over 200 proprietary training procedures, marketing, public relations, business operations, networking, testing, administration, hiring, and much more. Our brain trainers are trained on-site by the franchisee, using over 40 hours of online material as well as 20-30 hours of in-person training and observation. We also offer ongoing training and support via our Helpdesk (phone and email support) and quarterly calls with our support team. | - |
| Support | We know that the success of our franchisees is our success. Valuable support is a top priority for us, and we strive to help our franchisees however possible. Our support team is led by a former franchisee and LearningRx parent, who understands the day-to- day running of a center firsthand. We also have a marketing and business coach, who will help our first-year franchisees create and implement their 12-month business plan and offer ongoing support of business operations. The support team also runs the helpdesk, which is available by phone and email and boasts a very fast turnaround. We provide a franchise operations system designed to support all of your business needs from site selection and build out to launch marketing and sales prospecting. We are continually introducing new Brain Balance programs, products and services to increase your sales opportunities. Through national media exposure, training and consulting by program creator and co-founder, Dr. Robert Melillo renowned researcher, lecturer and author of several best sellers including, Disconnected Kids, Reconnected Kids and his latest book, Autism | - |
| Marketing | We offer new materials on a regular basis across multiple platforms: social media, print, TV, radio, PPC, SEO, etc. You can also join a voluntary marketing co-op where applicable. *National PR exposure *Exposure Across the Digital Landscape *Web-based Requisition System for Customized Marketing Materials *Local Marketing Guidance | - |
| Operations | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 3 Absentee ownership of franchise is allowed. (67% of current franchisees are owner/operators) | - |
Expansion Plans |
||
| US Expansion | Yes | Yes |
| Canada Expansion | Yes | - |
| International Expansion | No | Yes |
Company Overviews
About LearningRx
In the 1980's, brothers Dr. Ken Gibson and Dr. Keith Gibson--
a specialist in visual processing and a clinical psychologist,
respectively-- sought a way to help people with learning difficulties to
learn more quickly and easily. They developed a series of short,
intense training exercises to improve concentration and recall
abilities. Once this method proved successful in trials, they continued
to test and enhance the program with input from other specialists in
education, medicine and psychology, in order to help students with
attention problems, dyxlexia, memory problems and other learning
disabilities to improve their cognitive skills.
Dr. Ken Gibson began franchising under the name LearningRx in 2003, and
is currently the company's CEO.
Veteran Incentives 10% off franchise fee
Veteran Incentives 10% off franchise fee
2016 #1 Educational Franchise by FranchiseRankings.com!
Part of the Entrepreneur Franchise 500® 7 years in a row!
About e² Young Engineers
Build Your Tomorrow. Today!
Background: We are e² Young Engineers
Young Engineers enrichment programs combine education + entertainment = edutainment. We created a variety of different programs that can be used to teach science, technology, engineering, math (STEM). Children joining our educational community can learn and enjoy arithmetic, physics, and mechanical and software engineering.We have developed special programs and workshops suited for children at both ends of the learning spectrum, from gifted children to those with learning disabilities. We operate in schools, libraries, museums, community centers, to name a few. Statistical tests show a clear connection between participation in our e² Young Engineers programs and success at school and 21st century development of an arc of skills.
Franchise Opportunities
In 2011, CEO Amir was awarded by Prince Charles with the Youth Business International Entrepreneur of The Year honor, highlighting the impact e² Young Engineers has made on individual students and their communities.In an effort to provide children across the world the opportunity to benefit from the e² Young Engineers program, the company began franchising the business in 2012. e² Young Engineers has spread to 42 different countries throughout the globe.Today, e² Young Engineers is dedicated to sharing its unique method of edutainment across the globe. e² Young Engineers can offer you a model that can suit your capabilities and skills such as a Local or Master Franchise.
New Developments From e² BRIXO
There is ELECTRICITY in the air!
What is BRIXO?
In 2011, CEO Amir was awarded by Prince Charles with the Youth Business International Entrepreneur of The Year honor, highlighting the impact e² Young Engineers has made on individual students and their communities.In an effort to provide children across the world the opportunity to benefit from the e² Young Engineers program, the company began franchising the business in 2012. e² Young Engineers has spread to 42 different countries throughout the globe.Today, e² Young Engineers is dedicated to sharing its unique method of edutainment across the globe. e² Young Engineers can offer you a model that can suit your capabilities and skills such as a Local or Master Franchise.
New Developments From e² BRIXO
There is ELECTRICITY in the air!
What is BRIXO?
e² Young Engineers and BRIXO teamed up to create BRIXO Education. These unique BRIXO bricks are patented. Basically, they're bricks that safely conduct electricity and can connect to your phone to enable you to go above and beyond with your models. They're used interchangeably with your favorite building blocks.
What Can I Do With it?
What Can I Do With it?
These bricks can be triggered by sound, light, touch. You can set your phone's alarm clock to only shut off when you build a pyramid. Or help your kid build a nightlight that turns on when he says "heebeejeebee". The possibilities are endless. Algobrix- Coding all the way to the futureBuild. Code. Play. Introducing Algobrix, an innovative new way kids and even grownups can learn the basics of coding. The best part… you don’t need a computer.
How does it work?
Build your robot. Code by placing function blocks in a sequence. Press Play to send the code via Bluetooth.The robot will perform the code. It is the coolest way to code. This is a market changing product. Your kids can code even before they can read. Algobrix is the only building blocks that transform coding into playing while teaching your kid to think like a programmer.
Now on Indiegogo!
Key Benefits
- Working with a statistically-proven product
- Working with the only children's education company to have its own Research and Development team and its own APP
- Fast ROI
- Numerous options to diversify revenue stream
- Using innovative approaches that are being promoted by highly- regarded academic institutions
- Modest investment
- Flexible working hours
- Comprehensive training program for new franchisees
- Managerial, financial planning and logistical support
- Fast-growing industry
The Operating Model
This business provides education and tutoring services to children and families, utilizing proprietary curriculum focused around using LEGO® and K'nex® bricks, while instilling specific 21st century skills.Our field tested and proven programs demonstrate scientific principles in a fun and accessible fashion, combining experiments that form engineering intuition with stories that capture the children's imagination. Program delivery methods include cooperation with local community centers, schools, playgroups, various religious institutions, libraries, science museums, and any other center where children activities may occur.The franchisee will be operating an exclusive territory and will be provided the full support of e² Young Engineers management team and global network of support staff.
e² Young Engineers FRANCHISE OWNERSHIP GIVES YOU THE ADVANTAGE!
Easy to Operate
e² Young Engineers has developed a simple and straight-forward approach to an education business that is easy to learn. Our franchisees leave training with the tools, knowledge and confidence needed to start and grow a successful children's education business. Diversify your revenue by hosting birthday parties, workshops, summer camps, parents student day, and special events.Manageable Investment + Diverse Revenue Stream = Excellent Return on InvestmentTestimonials
"The e² Young Engineers franchise program is worth it because it truly works. I firmly believe that the children across the globe need a program like this to help them understand important concepts in a fun way. I see positive changes first- hand with each child I work with and am very happy to have made this change in my career to become an e² Young Engineers franchisee.” -Katerina Romanovskaia - Minsk, Belarus"
I was reaching the point where I wanted something different from my career and as soon as I heard about the e² Young Engineers, I immediately fell in love with the concept. Working with children and helping to plant the seeds of science, technology, math and engineering in their minds is beyond satisfying.”- Guy Shaham- Oakland, Michigan
e² Young Engineers business opened a new chapter in my life. I wanted to open a business to give children a great experience to learn. For me, since signing up as the first UK franchisee in 2013, I have not looked back. I kept growing as well as learning. The best reward is to see the childrens face light up when they complete building their models and get to play with it. The sessions are always filled with children enjoying playing and working with others."- Smita Shah , Middlesex, United Kingdom
"Overall, owning my own e² Young Engineers franchise has been a great experience. The children in these courses show so much potential, and they just need the right platform to succeed. You can see that the kids are really engaged in the lessons and it is a joy to watch their faces light up as they build. We’ve received a lot of great feedback from parents and teachers and demand is constantly growing.”- John Rodriguez- San Diego, California