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Updated RecentlyHuntington Learning Centers vs Young Chefs Academy Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Huntington Learning Centers vs Young Chefs Academy including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $133,458 - $276,669 | $120,300 - $196,900 |
| Franchise Fee | $28,000 | $39,900 |
| Royalty Fee | 9.5% | $395/month |
| Advertising Fee | 2% | - |
| Year Founded | 1977 | 2004 |
| Year Franchised | 1985 | 2005 |
| Term Of Agreement | 10 years | 10 years |
| Term Of Agreement | 10 years | 10 years |
| Renewal Fee | up to $20K | - |
Business Experience Requirements |
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| Experience | *Franchisees must live in the market they wish to operate. *You must have a minimum of $72,000.00. *We carefully consider your personal experience and people skills. *You must understand the unique attributes of operating a business within a franchise system. *You need to be able to execute a franchise agreement within 3 months from the initial request for consideration to begin the qualification process. |
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Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | No/Yes |
| Start-up Costs | Yes/Yes | No/Yes |
| Equipment | Yes/Yes | No/No |
| Inventory | Yes/Yes | No/No |
| Receivables | Yes/Yes | No/No |
| Payroll | Yes/Yes | No/No |
Training & Support |
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| Training | On-The-Job Training: 16 hours Classroom Training: 155 hours Additional Training: At franchisee's location and online | Hands on initial training supports our operations manual so that each new franchisee represents our brand to the standard of quality associated with Young Chefs Academy. All new Young Chef Academy Franchise Owners receive on-site training followed by continual training throughout the franchise relationship. Our initial training program is designed to prepare you to furnish you with the right tools to make your dream a reality and allow you to begin your business immediately after you successfully complete your training. |
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives | Through our wide-range of expertise, there is always someone to turn to for answers. |
| Marketing | Co-op advertising, Ad slicks, National media | - |
| 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)
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Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | No |
| International Expansion | No | No |
Company Overviews
About Huntington Learning Centers
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.
Veteran Incentives 50% off franchise fee
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#60 in Franchise 500 for 2021.
About Young Chefs Academy