Tutor Time Franchise LLC
At a Glance
Products & Services: Child-care learning center
Number of Locations:
Total Investment: $382K - 2.7M
Founded: 1988
Began Franchising: 1990
Public Owned
About Tutor Time Franchise LLC
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.Startup Costs, Ongoing Fees and Financing
Total Investment: $382,000 - $2,700,000
Franchise Fee: $110,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 15 years, renewable
Franchise Fee: $110,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 15 years, renewable
Financial Requirements
Net Worth: $500,000
Liquid Cash Available: $100,000
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).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
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,
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