Tutor Time Franchise LLC
Child-care learning centerBackground
Founded: 1988 Franchising since: 1990
Tutor Time Learning Centers LLC was founded in 1979. Ten years later, the privately held company began franchising. It offers education-based child-care to children aged 6 weeks to 6 years old and hosts summer camps for children through age 12. In 2002, the Learning Care Group Inc. (Nasdaq symbol: LCGI) acquired the Novi, Michigan-based company.
Franchisor is a publicly-held company with 0 employee(s); 80 employee(s) in franchise department.
Franchise Growth
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
Tutor Time Learning Centers LLC was founded in 1979. Ten years later, the privately held company began franchising. It offers education-based child-care to children aged 6 weeks to 6 years old and hosts summer camps for children through age 12. In 2002, the Learning Care Group Inc. (Nasdaq symbol: LCGI) acquired the Novi, Michigan-based company.
|
21333 Haggerty Rd., #300 Novi, Michigan 48375 |
Phone: (800)275-1235 |
Franchisor is a publicly-held company with 0 employee(s); 80 employee(s) in franchise department.
Franchise Growth
| Year | U.S. Franchises | Canadian Franchises | Foreign Franchises | Company Owned |
| 2005 | 121 | 0 | 11 | 69 |
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
Costs and Fees
|
Total investment: $382K-2.7M Franchise fee: $110K |
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 | No |
Qualifications
Net worth requirement: $500K
Cash liquidity requirement: $100K+
Business Experience:
- General business experience
- Marketing skills
Operations
- 33% of all franchisees own more than one unit
- Number of employees needed to run franchised unit: 15 - 30
- Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators)
Training and Support
Training
Ongoing Support
Marketing Support
- Available at headquarters: 2 weeks
- At franchisee's location: 2 weeks
- At operating facility : 2-4 weeks
Ongoing Support
- Newsletter
- Meetings
- Toll-free phone line
- Grand opening
- Internet
- Security/safety procedures
- Field operations/evaluations
Marketing Support
- Co-op advertising
- Ad slicks
- National media
- Regional advertising
Rankings
Franchise 500® rank:
#438 (2006); #409 (2005);
America's Top Global Franchises:
#196 (2006); #183 (2005);
#438 (2006); #409 (2005);
America's Top Global Franchises:
#196 (2006); #183 (2005);