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Entrepreneur: Start & Grow Your Business

Tutor Time Franchise LLC

Child-care learning center

Background

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.
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
  • 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);