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Entrepreneur: Start & Grow Your Business

LearningRx

Cognitive skills training

Background

Founded: 1986 Franchising since: 2003
5085 List Dr., #200
Colorado Springs, Colorado 80919
Phone:
(719)264-8808


Franchisor has 15 employee(s); 14 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 56 0 0 2
2008 72 0 0 1
2007 63 0 0 2
2006 36 0 0 1
2005 28 0 0 2

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, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Exclusive territories available.
Territory size: 125,000 population

Costs and Fees

Total investment: $73K-150K
Franchise fee: $19.5K
Ongoing royalty fee: 10%
Term of agreement: 10 years, renewable


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

Qualifications
Net worth requirement: $250K
Cash liquidity requirement: $40K

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)

Training and Support

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

Rankings

Franchise 500® rank:
#322 (2009); #276 (2008);

Ranked #1 in category in:
2009;

Top New Ranking:
#19 (2008);