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Entrepreneur: Start & Grow Your Business

Chyten Educational Services

Tutoring & test preparation

Background

Founded: 1999 Franchising since: 2007
1723 Massachusetts Ave.
Lexington, Massachusetts 02420
Phone:
(781)541-6279


Franchisor is a privately-held company with 6 employee(s); 6 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 16 0 0 5
2008 11 0 0 5
2007 5 0 0 5
2006 0 0 0 5
2005 N/A N/A N/A 5

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: 7,000-14,000 K-12 students

Costs and Fees

Total investment: $113.9K-213.5K
Franchise fee: $37.5K
Ongoing royalty fee: 10%
Term of agreement: 20 years, renewable


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

Qualifications
Cash liquidity requirement: $65K-150K
Business Experience:
  • General business experience
  • Education experience helpful

Operations
  • Number of employees needed to run franchised unit: 1
  • Absentee ownership of franchise is allowed.

Training and Support

Training
  • Available at headquarters: Up to 10 days
  • At franchisee's location: Up to 3 days

Ongoing Support
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations

Marketing Support
  • Co-op advertising
  • Ad slicks
  • Regional advertising

Rankings

Franchise 500® rank:
#491 (2009);