- 2023 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$98K - $262K
- Units as of 2020
153 1% over 3 years
Every child is different, and while academic goals might try to place them on the same level, they have different abilities that help them tackle academics. GradePower Learning attempts to make a difference in learners' lives by teaching them how to study efficiently.
Founded in 1984 by a visionary team of scientists and educators led by Nick Whitehead, GradePower Learning believes it has transformed learning by focusing on students' needs. Parents and educators may love GradePower Learning programs because they teach skills that make learners confident both in and out of the classroom.
The programs are designed by age, ranging from preschool to college preparation. By the time the child joins preschool, GradePower Learning will be by their side.
Why You May Want To Start A GradePower Learning Franchise
GradePower Learning aims to help, encourage, and awaken children to reach their highest potential. GradePower Learning seeks individuals with a strong love for education that can connect with young learners.
Franchisees should be individuals with a background in education. Experience in teaching will be highly beneficial. Since franchisees will be involved in more than the running of learning centers, dedication and a passion for progress are invaluable skills.
What Might Make A GradePower Learning Franchise A Good Choice?
GradePower Learning may offer a powerful tool for children: education. After assessing learning needs, GradePower Learning takes students through learning programs that meet their unique needs. A franchise in the growing private tutoring services industry, GradePower Learning may be in an excellent position for success.
GradePower Learning emphasizes the value of the personalized learning experience for children. Its hands-on instruction methods may help children advance, one lesson at a time. The range of GradePower Learning programs includes Math, English, Science Tutoring, and ACT preparation classes. As a franchisee, you can expect to run the program in your chosen location as you transform young lives.
To be part of the GradePower Learning team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
How To Open A GradePower Learning Franchise
GradePower Learning is looking for great people to join their team and is ready to provide training and support. Through training, the brand may teach you about the GradePower Learning program and lesson formats, while giving you access to valuable resources.
As you decide if opening a GradePower Learning franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a GradePower Learning franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
After completing the initial steps of applying for a GradePower Learning franchise, you should compile a set of questions as you move forward with an initial phone call and attend a company discovery day.
About GradePower Learning
|Franchising Since||1991 (32 years)|
|# of employees at HQ||25|
This company is offering new franchisees in the following US states:
This company is offering new franchisees in the following international regions:
|# of Units||153 (as of 2020)|
Information for Franchisees
Here's what you need to know if you're interested in opening a GradePower Learning 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
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
|$97,810 - $261,700|
Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
Term of Agreement
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
|Is franchise term renewable?||Yes|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
|Classroom Training||80 hours|
Meetings & Conventions
Security & Safety Procedures
Franchisee Intranet Platform
Additional details about running this franchise.
|Is absentee ownership allowed?||Yes|
Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
|# of employees required to run||1-3|
Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Interested in ownership opportunities like GradePower Learning? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where GradePower Learning landed on this year's Franchise 500 Ranking versus previous years.
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