At a Glance
Products & Services: Tutoring and exam prep
Number of Locations: 254
Total Investment: $98.3K - $198.2K
Began Franchising: 1985
About Huntington Learning CentersHuntington Learning Centers was started by Dr. Raymond J. Huntington and his wife, Eileen, in 1977. The company began franchising in 1985.
Huntington Learning Centers offer instruction in reading, mathematics and study skills, as well as phonics, spelling, vocabulary, writing, algebra, geometry and SAT/ACT exam preparation.
Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Midwest, Nebraska, North Carolina, Northeast, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, South, South Carolina, Southeast, Southwest, Tennessee, Texas, Utah, Virginia, Vermont, West, Washington, Wisconsin, West Virginia, Wyoming.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $22,000
Ongoing Royalty Fee: 9.5%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 20% off first-unit franchise fee
Financial RequirementsNet Worth: $150,000
Liquid Cash Available: $60,000
Operations35% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 1. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
|Financing Type||In-House||Third Party|