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Below is an in-depth analysis and side-by-side comparison of New Horizons Computer Learning Centers vs Career Skills including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $260,000 - $630,000 | $295,000 - $350,000 |
Franchise Fee | $25,000 - $150,000 | N/A |
Royalty Fee | 6% | - |
Advertising Fee | - | - |
Year Founded | 1982 | - |
Year Franchised | 1992 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | 7500 | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/No | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
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Training | Available at headquarters | - |
Support | Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations | - |
Marketing | Ad slicks, National media | - |
Operations |
5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 23 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
Share in the Success of a Proven Leader An education business has a powerful impact on people, whether an individual looking for a new career, an employee looking for a promotion, or a manager tasked with increasing staff productivity. New Horizons Computer Learning Centers is the world's largest IT training company.* Founded in 1982 and headquartered in Anaheim, California, USA, we provide a broad range of computer training including technical and desktop applications to both individual learners and companies, as well as complementary programs in Business Skills, Healthcare Information Management, and English as a second language. New Horizons offers a compelling business opportunity to both entrepreneurs and to companies; especially IT training businesses or IT-related businesses. It is the opportunity to own and operate a business that provides much more than a service. Ask any New Horizons franchisee - they will tell you it is a truly rewarding business. With 300 locations around the globe, providing approximately three million student days of instruction annually, New Horizons sets the pace for innovative training programs in the IT industry.
Career Skills is dedicated to creating and delivering career oriented and industry specific courses that will provide the ability to extend one's frontier in his or her career. Currently there is a strong prevalent disconnect with respect to the value that vocational courses add to the career of an individual. This results in a wide gap between graduates and employable graduates. That is where Career Skills comes in. In today's industry scenario, it has become necessary for a careerist to meticulously plan his way to the helm. The institute has no other business than educating industry entrants and mid-career executives about developing industry specific skills.