|
Below is an in-depth analysis and side-by-side comparison of The Honors Learning Center vs Eye Level including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $64,500 - $68,700 | $52,318 - $121,650 |
Franchise Fee | $25,000 | $5,000 |
Royalty Fee | $2.5K/mo. | $32-$36/subject/mo. |
Advertising Fee | - | $1/subject/mo. |
Year Founded | 1987 | 1976 |
Year Franchised | 1991 | 1991 |
Term Of Agreement | 10 years | 5 years |
Term Of Agreement | 10 years | 5 years |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/No |
Start-up Costs | No/No | No/No |
Equipment | No/No | No/No |
Inventory | No/No | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
||
Training | - | All of our franchisees go through our seven-day training program prior to their location's opening, during which they learn about: * The principles of the Eye Level program * Effective marketing of their Eye Level learning center * The Eye Level Global Dream System * Eye Level Math, English Curriculum * Diagnostic testing and parent consulting * Learning center operations * Devising solid business plans * And more |
Support | Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | - |
Marketing | Ad slicks | - |
Operations |
0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | No |
International Expansion | No | Yes |
Sharee and Gary Miller started The Honors Learning Center as an individualized academic program. The centers' goal is to improve comprehension skills for each student by one full grade level after 36 hours of instruction. For every year since 1987, Honors students have averaged a gain of two full grade levels.
Honors franchisees must have current state teaching certification.