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Entrepreneur: Start & Grow Your Business

New Horizons Computer Learning Centers Inc.

Computer training & support

Background

Founded: 1982 Franchising since: 1992
BACKGROUND
1900 S. State College Blvd., #120
Anaheim, California 92806
Phone:
(714)940-8000


Franchisor has 125 employee(s); 120 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2005 115 1 118 25

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Exclusive territories available.
Territory size: Metropolitan area

Costs and Fees

Total investment: $370K-560K
Franchise fee: $25K-75K
Ongoing royalty fee: 6%
Term of agreement: 10 years, renewable


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

Third-party financing source(s): Madison Capital Leasing

Qualifications
Net worth requirement: $500K+
Cash liquidity requirement: $300K-500K
Business Experience:
  • General business experience
  • Marketing skills

Operations
  • 5% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 23
  • Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters

Ongoing Support
  • Newsletter
  • Meetings
  • Grand opening
  • Internet
  • Field operations/evaluations

Marketing Support
  • Ad slicks
  • National media

Rankings

Franchise 500® rank:
#350 (2005);

Ranked #1 in category in:
2005;

America's Top Global Franchises:
#188 (2005);