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Promoted Opportunities

Chyten Educational Services

Initial Investment

LOW: $138,900
HIGH: $261,500

Change in Units

Company Profile

Founded

1999

Franchising Since

2007 (10 Years)

Corporate Address

1723 Massachusetts Ave. Lexington, MA 02420

CEO

Neil Chyten

About Chyten Educational Services

Neil Chyten worked as a private tutor for many years himself before opening the first Chyten Educational Center in Newton, Massachusetts, in 1999. Chyten began franchising in 2007. Franchisees offer tutoring, test preparation and college counseling services using Chyten's proprietary curriculum and methods. Every tutor is required to have at least a Master's degree.

Financials

Financial Requirements

Initial Investment

$138,900 - $261,500

Net-worth Requirement

$150,000

Liquid Cash Requirement

$75,000

Ongoing Fees

Initial Franchise Fee

$37,500

Ongoing Royalty Fee

10%

Ad Royalty Fee

2-4%

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S.

Operations & Franchisor Support

Training Onsite: up to 3 days

Training at headquarters: 34 hours

Additional Training: By phone/e-mail

Ongoing Support
Newsletter
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Ad Slicks

Absentee Ownership Allowed

Number of employees required to run: 6 - 10

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The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: December 1st, 2014

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