|
Below is an in-depth analysis and side-by-side comparison of Huntington Learning Centers vs LearningRx including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $133,458 - $276,669 | $90,000 - $149,000 |
Franchise Fee | $28,000 | $25,000 |
Royalty Fee | 9.5% | 7% -8% |
Advertising Fee | 2% | 3% |
Year Founded | 1977 | 1986 |
Year Franchised | 1985 | 2003 |
Term Of Agreement | 10 years | 10 years |
Term Of Agreement | 10 years | 10 years |
Renewal Fee | up to $20K | $5K |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/No |
Start-up Costs | Yes/Yes | No/No |
Equipment | Yes/Yes | No/No |
Inventory | Yes/Yes | No/No |
Receivables | Yes/Yes | No/No |
Payroll | Yes/Yes | No/No |
Training & Support |
||
Training | On-The-Job Training: 16 hours Classroom Training: 155 hours Additional Training: At franchisee's location and online | 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 | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives | 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 | Co-op advertising, Ad slicks, National media | 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 |
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)
| 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 | No | Yes |
International Expansion | No | 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.