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Below is an in-depth analysis and side-by-side comparison of LearningRx vs Core Education & Fine Arts including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $90,000 - $149,000 | $250,000 - $500,000 |
Franchise Fee | $25,000 | $50,000 |
Royalty Fee | 7% -8% | 6% |
Advertising Fee | 3% | 2% |
Year Founded | 1986 | 1998 |
Year Franchised | 2003 | 2003 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $5K | - |
Business Experience Requirements |
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Experience | - | Many of our franchise owners have corporate backgrounds and have previously enrolled their children into cefa schools. The owners have recognized the opportunity to enjoy a work/life balance, spend more quality time with their family, and to be rewarded personally and financially. |
Financing Options |
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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 |
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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. | You will be enrolled in our cefa certified training course to learn all about cefa and our curriculum. You will also receive one-on-one training in the areas of administration and operations. *Initial Training *On-going Professional Development *Curriculum *Program |
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 | Real Estate & Site Development *Demographics *Zoning *Site Selection *Lease Negotiation *Building Design *Construction Management |
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 | *Direct Mail *Email Marketing *Individual and corporate website *Internet and Print Advertising *Marketing Materials *Social Media *Trade shows *Strategic alliance with prominent schools and businesses |
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) | *Licensing Assistance and Opening Assistance *Hiring of Initial Principal/Faculty *Budget Control |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | Yes | Yes |
International Expansion | No | Yes |