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LearningRx
 

LearningRx is a franchise at the forefront of finding and correcting the root of learning problems (cognitive skills). Studies show that 88% of learning problems have weak cognitive skills as a primary cause. Over 15,000 students have improved their learning skills (attention, memory, reasoning, visual or auditory processing, or processing speed) by an average of over 4 grade levels within 24 weeks of using these innovative programs. LearningRx also offers enhancement training for adults and athletes.

Franchisor Background

Year Established:

  1986

Franchising Since:

  2003

IFA Member



Operating Units:

Franchised Units:84 97.7%  
Company-Owned Units:2 2.3%  
 ______ _____  
Total Operating Units:86 100%  
 

Geographic Distribution:

U.S.:86 100% In 28 States
Canada:0 0% In 0 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:86 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. Texas16
2. Minnesota7

Registered in Following Registration States:

   California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, North Dakota, Rhode Island, South Dakota, Virginia, Washington, Wisconsin

Financial Requirements

Investment:

Minimum Net Worth:$250K
Cash Investment:$65-75K
Total Investment:$103-207.5K
Average Total Investment:$154K
 

Fees:

Initial Franchise Fee:$25-35K
Average Franchise Fee:$35K
On-Going Royalty:10%
Average Royalty:10%
Advertising Fee:2.5%

Average Number of Employees:

   3 Full-time, 20 Part-time

Space Needs (in square footage):

   1,200-1,800

Preferred Sites:

  

Other Sites:

   Professional Building

Encourage Conversions?

   Not Applicable

Earnings Claims Provided?

   Yes

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:Yes
Canadian Franchise Association:No
Franchisee Association/Member:No
Size of Corporate Staff:20
Site Selection Assistance?Yes
Lease Negotiation Assistance?No
Financial Assistance?No
 

Marketing Support:

Co-Op Advertising:No
National Advertising:No
Regional Advertising:No
Local Advertising:No
Marketing Materials:None Specified
Additional Services:None Specified
Other Marketing Support:Internet
 

On-Going Support:

Central Data Processing:Included in Fees
Central Purchasing:Not Applicable
Field Operation Evaluation:Included in Fees
Field Training:Not Applicable
Initial Store Opening:Not Applicable
Inventory Control:Not Applicable
Franchisee Newsletter:Included in Fees
Regional or National Meetings:Included in Fees
800 Telephone Hotline:Not Applicable
 

Training:

1. NR2 Weeks plus On-Site
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:3
General Business Experience:3
Specific Industry Experience:3
Formal Education:3
Psychological Profile:4
Personal Interview(s):4

Minority Representation

Units Owned by Minorities:

African-American:N/A
Asian-American:N/A
Hispanic:N/A
Native American:N/A
Other:N/A
Specific Minority:N/A

Terms of Contract

Term of Initial Contract:10 Year(s)
Term of Renewal Period:10 Year(s)
Passive Ownership:Allowed, But Discouraged
Area Development Agreements?Yes, for 1 Year(s)
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?Yes

Expansion Plans

Projected New Units Over Next 12 months:

   20
U.S.:Yes, 20
Canada:No
Overseas:No
 
 
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