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| Huntington Learning Center A pioneer in the franchise education center industry, Huntington Learning Center has become a well-recognized and influential leader in its field by responding to the rapidly increasing national need for supplemental educational services. Each year, quality instruction is provided to tens of thousands of students in kindergarten through 12th grade through a national network of franchised and company-owned Huntington Learning Centers. Parents trust Huntington and understand that Huntington’s mission is to give every child the best education possible and that Huntington does this by combining a solid business plan and an outstanding support team with a quality instructional program. Education
is the cornerstone of America’s prosperity. There is increased pressure from
peers, teachers, schools, states, and the federal government for students to
perform, and parents are becoming more aware that they are consumers of
education. The federal No Child Left Behind Act introduced stringent performance
standards for students and schools, thus substantially increasing the need for
supplemental education services. By helping millions of educationally and
financially disadvantaged students, Huntington Learning Center franchisees
achieve both financial and personal enrichment. Investment
Required
The
fee for a Huntington Learning Center franchise ranges from $40,000 to $43,000.
Huntington Learning Center offers financing in some circumstances for the
purchase of the assets of the franchise. Huntington
Learning Center provides the following range of investments required to open
your initial franchise. The range assumes that all items are paid for in cash.
To the extent that you choose to finance any of these expense items, your
front-end investment could be substantially reduced. On-going
Expenses
Huntington
Learning Center franchisees pay a monthly royalty fee equal to the greater of
8% of gross revenue and $1,600, a monthly advertising fee equal to the greater
of 2% of gross revenue and $400 and annual local advertising spending equal to
a minimum of $53,600. Other expenses include annual software support and
maintenance fees, call center and conference services license fees and
accreditation fees. What You Get—Training
and Support Huntington
Learning Center offers initial training at corporate headquarters in Oradell,
NJ that consists of both on-the-job experience and classroom training. Through
training, franchisees learn each facet of center operation, including the
initial inquiry, diagnostic testing, initial parent conferences, curricula, instruction,
program monitoring and management of part-time teachers. Franchisees
receive assistance with site selection, hiring and training personnel, center
layout and design, pre-packaging of equipment and learning materials and
marketing and advertising materials. All franchisees are given supplemental
support through Huntington’s Success Series – a series of operational manuals
that detail the business and education system. On-site consultation and a
management information system are also provided. Marketing materials are aimed
at demonstrating Huntington’s effectiveness in tutoring children, and the
package includes ad slicks, radio commercials, television commercials, direct
mail and brochures. Additionally, franchises have the on-going opportunity to
attend advanced training, workshops and the annual Huntington Learning Center
convention at multiple locations throughout the country. Territory
Huntington
Learning Center grants exclusive territories. |