
Athena Learning Centers
Tutoring- 2023 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$75K - $151K
- Units as of 2015
-
10
Company Overview
About Athena Learning Centers
- Industry
- Children's Businesses
- Related Categories
- Tutoring
- Founded
- 2011
- Parent Company
- Athena North America, LLC
- Leadership
- Mark Mele, Founder and CEO
- Corporate Address
-
103 Carnegie Center, #300
Princeton, NJ 08540
Business Overview
- Franchising Since
- 2012 (11 years)
- # of employees at HQ
- 2
- # of Units
- 10 (as of 2015)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Athena Learning Centers franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $2,500 - $30,000
- Initial Investment
- $75,188 - $150,763
- Net Worth Requirement
- $10,000 - $300,000
- Cash Requirement
- $10,000
- Veteran Incentives
- 10% off franchise fee
- Royalty Fee
- 7%
- Ad Royalty Fee
- 2%
- Term of Agreement
- 5 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Athena Learning Centers has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 2 weeks
- Classroom Training
- 1 week
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField Operations
- Marketing Support
-
Regional Advertising
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- Yes
- Can this franchise be run from home/mobile unit?
- Yes
- Can this franchise be run part time?
- No
- Are exclusive territories available?
- Yes
Interested in ownership opportunities like Athena Learning Centers? Request a free consultation with a Franchise Advisor now.
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