What is the Huntington Learning Center franchise story?
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Huntington Learning Center is the top-performing franchise in the tutoring trade. Founded in 1977 by Ray and Eileen Huntington, Huntington Learning Center affords individualized in-person and on-line tutoring applications for Ok-12 college students nationwide. With roughly 300 areas throughout the United States, Huntington’s enterprise mannequin is predicated on two key pillars: serving to college students obtain world-class outcomes and maximizing franchisee profitability. Our dedication to these two areas is what has led Huntington Learning Center to its place because the top-performing franchise enterprise in the tutoring trade.
At Huntington Learning Center, our major aim is to give each scholar the most effective training attainable – and we’re proud to say that we have helped over a million college students acquire the boldness and abilities that they want to do effectively in faculty. In reality, on common, our tutoring college students improve over two grade ranges in studying and math with simply 50 hours of tutoring, and our take a look at prep college students see a median improve of 5.4 factors on the ACT and 229 factors on the SAT. Each of our college students obtain, on common, $71,000 price of scholarship affords annually – that is over $187 million in scholarship affords collectively. Huntington Learning Center affords a enterprise mannequin that’s based mostly on serving to college students obtain world-class outcomes via individualized instruction. By changing into a Huntington Learning Center franchisee, you be part of a model that’s obsessed with scholar success and franchisee profitability with a confirmed observe document that makes a lasting distinction.
The recognition of the Huntington Learning Center franchise alternative is obvious in the model’s total rating of 122nd on this yr’s Entrepreneur Magazine Franchise 500 checklist. This rating is the tenth consecutive yr that Huntington Learning Center has landed on this prestigious annual checklist. In addition to being named to the Entrepreneur Franchise 500, Huntington Learning Center has garnered numerous awards over time for our dedication to our franchisees in addition to the households that we serve, together with being named a “Top Low Cost Franchise” by Franchise Business Review, a Franchise Times‘ “Top 200+ group,” a Franchise Journal “Top Brand,” and considered one of Franchise Dictionary’s “2020 Game Changers.”
How a lot does a Huntington Learning Center franchise value?
To open a Huntington Learning Center franchise of your individual, listed here are the monetary necessities, money required, and ongoing franchise charges associated with business ownership:
Initial franchise payment: $36,000
Initial funding: $148,017 – $263,072
Net price requirement: $200,000
Cash requirement: $65,000
Veteran incentives: 25% off first-unit franchise payment
Royalty payment: 9.5%
Ad royalty payment: 2%
Term of settlement: 10 years
Huntington Learning Center does provide in-house financing to cowl the next: franchise payment, startup prices, tools, stock, accounts receivable, and payroll. Investing in a Huntington Learning Center franchise is the choice to personal a enterprise that has the ability to make the world a higher place via training. Huntington Learning Center has helped tons of of franchisees notice their desires of proudly owning a significant enterprise, and in the method, our franchise homeowners have helped hundreds upon hundreds of scholars. The franchise payment to your first Huntington Learning Center location offers you entry to one of the vital sturdy coaching and ongoing assist platforms in the franchise trade. Our lengthy observe document of success as a franchisor is attributable to our continued funding in our assist infrastructure. We depart nothing to likelihood and assist every franchise proprietor in each side of our enterprise mannequin.
What do Huntington Learning Center franchise homeowners make?
Huntington Learning Center embraces two values that drive all the things we do: scholar tutoring success and franchisee profitability. Huntington Learning Center outperforms the competitors as a result of our franchisees perceive that serving to college students obtain outcomes yields success. In reality, Huntington Learning Center is the No. 1 revenue-producing tutoring franchise. Our common franchise middle 2019 income is 36% higher than that of the competition*, and we have skilled double-digit progress for eight consecutive years—and there isn’t any signal of it slowing down anytime quickly. Our values information all the things we do, and we be sure that we convey on franchise homeowners who share our values. That’s the one method that we are able to make sure that our model will stay on the forefront of our trade going ahead.
Why make investments in a Huntington Learning Center franchise?
In the wake of the pandemic, thousands and thousands of scholars are behind and the demand for tutoring is skyrocketing. The COVID-19 pandemic created a disaster in training that our society has by no means skilled earlier than. The closure of faculties and the transition to digital studying have impacted thousands and thousands of scholars in a adverse method. Students of all ages are behind – and oldsters are understandably frightened. According to the Education Trust, 9 out of 10 dad and mom say that they are frightened about their youngsters falling behind due to coronavirus-related faculty closures, and eight out of 10 say that their youngsters are experiencing heightened stress ranges.
News shops in California, Texas, Florida and different states are reporting that college students are falling via the cracks, scores are dropping, ranges of engagement have by no means been decrease, and lecturers are pressured and combating the brand new regular. USA Today revealed an article entitled, “Students are falling behind in on-line faculty. Where’s the COVID-19 ‘catastrophe plan’ to catch them up?” which particulars simply how dire the scenario is throughout the nation. “Parents are afraid their children are falling behind, and they do not know what the answer is,” the outlet studies. “They’re in search of management. They’re in search of assist.” For hundreds of scholars on daily basis, Huntington Learning Center is the “catastrophe plan to catch them up,” and we could not be extra ready to meet this disaster head on.
Huntington Learning Center is dedicated to empowering college students to unlock their full potential and attain their tutorial targets. Whether it is Ok-12 tutoring, sharpening research abilities or take a look at prep for faculty entrance exams or state standardized checks, we’re ready to tailor customized plans that speed up college students’ talents and enhance their scores by specializing in particular person scholar wants. In reality, the very very first thing that we do is give every scholar an Academic Evaluation that pinpoints tutorial strengths and weaknesses, and from there, we decide the most effective plan of action. This alone makes us distinctive in an trade that tends to ship a one-size-fits-all strategy. At Huntington Learning Center, we deal with each scholar like a person. While so many tutoring franchise manufacturers lower corners, Huntington Learning Center adheres to excessive requirements of high quality instruction with accreditations and instructor certifications. This signifies that when dad and mom ship their youngsters to us, they will belief that their youngsters are in good fingers.
Parents ship their youngsters to us as a result of they need to see an enchancment in their grades, take a look at prep, and scores, such because the SAT or ACT, and so they need to assist them develop self-confidence. In this point in time, dad and mom grade us too! We’re proud to say that 98% of Huntington Learning Center dad and mom would refer us to family and friends. In the classroom, 98% is an A+! This excessive score is a testomony to the worth that we convey to our college students. Since 1977, people who personal a Huntington Learning Center franchise have helped over a million college students. Many of whom had been accepted into their dream faculties and achieved their potential. We’re so proud that we assist our college students obtain thousands and thousands of {dollars} in school scholarship affords.
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*Data are based mostly on every firm’s Franchise Disclosure Documents (FDD) for all franchise facilities open in 2019, aside from Kumon, that are for facilities open at the very least three years; and Sylvan, that are for facilities open at the very least 24 months. Kumon studies in its 2021 FDD that its common franchised middle open at the very least 36 months had 150 subject-students. We estimate a subject-student’s month-to-month payment from our internet search of the phrase ‘How a lot does a mother or father pay Kumon’. We used the common of the excessive estimates, $145 monthly per single topic. We estimated the registration payment of $50 and supplies payment of $30 from this internet search; and we estimate that half of a middle’s enrollees pay these charges.
