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LearningRx

2014 Franchise 500
#263
At a Glance

Products & Services: Personal training for memory, executive function, IQ

Number of Locations: 92

Total Investment: $109K - $209K

Founded: 1986

Began Franchising: 2003

About LearningRx

In the 1980's, brothers Dr. Ken Gibson and Dr. Keith Gibson-- a specialist in visual processing and a clinical psychologist, respectively-- sought a way to help people with learning difficulties to learn more quickly and easily. They developed a series of short, intense training exercises to improve concentration and recall abilities. Once this method proved successful in trials, they continued to test and enhance the program with input from other specialists in education, medicine and psychology, in order to help students with attention problems, dyxlexia, memory problems and other learning disabilities to improve their cognitive skills. Dr. Ken Gibson began franchising under the name LearningRx in 2003, and is currently the company's CEO.

Franchise Units

Year U.S. Canadian International Company Owned
2014 90 0 0 2
2013 86 0 0 2
2012 78 0 0 2
2011 70 0 0 2
2010 66 0 0 2
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $109,000 - $209,000
Franchise Fee: $25,000 - $35,000
Ongoing Royalty Fee: 10%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 10% off franchise fee
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $75,000
Operations
10% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 3 - 30. Absentee ownership of franchise is allowed. (67% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 9 days. At franchisee's location: 4 days.
Ongoing Support: Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, Ad slicks,

Franchise Ranking History

Franchise 500®: #263 (2014), #269 (2013), #272 (2012), #478 (2011), #299 (2010),