The Learning Experience

Child-care services

Background

Founded: 1979 Franchising since: 2003
The Weissman family, founders of The Learning Experience, have been providing education-based childcare services for the past 25 years. Following a brief retirement, the Weissmans decided to re-enter the childcare industry in 2000, building on their experience to create The Learning Experience. The company began franchising in 2003 and has extended its curriculum to include extensive enrichment programming.

1190 Headquarters Plaza
Morristown, New jersey 07960

Phone:
(888)865-7775/ (973)539-5392

Franchisor has 150 employee(s); 3 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	64	0	0	12
2007	22	0	0	10
2006	14	0	0	7
2005	--	--	--	--

Where Seeking Franchisees
In the U.S. Midwest, Northeast
Outside the U.S.: Asia, Australia/new zealand, Canada, Eastern europe, Western europe

Exclusive territories available.

Costs and Fees

Total investment: $150K-2M
Franchise fee: $60K

Ongoing royalty fee: 6%
Term of agreement: 15 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	Yes
Startup Costs	No	Yes
Equipment	No	Yes
Inventory	No	No
Accounts Receivable	No	No
Payroll	No	Yes

Third-party financing source(s): the SBA

Qualifications
Net worth requirement: $500K
Cash liquidity requirement: $150K

Operations

25% of all franchisees own more than one unit
Number of employees needed to run franchised unit: 10 - 20
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)