
Huntington Learning Centers
Tutoring and test prep- Units as of 2020
-
302 (22 added in 3 years)7.9%
- 2021 Franchise 500 Rank
-
#60 Ranked #39 last year
- Initial investment
-
$133K - $277K
Company Overview
Huntington Learning Centers offer instruction in reading, mathematics and study skills, as well as phonics, spelling, vocabulary, writing, algebra, geometry and SAT/ACT exam preparation.
About Huntington Learning Centers
- Industry
- Children's Businesses
- Related Categories
- Tutoring, Miscellaneous Children's Businesses
- Founded
- 1977
- Parent Company
- Huntington Learning Centers Inc.
- Leadership
- Eileen Huntington, Cofounder & CEO
Franchising Overview
- Franchising Since
- 1985 (36 years)
- # of employees at HQ
- 78
- Where seeking
-
This company is seeking new franchisees throughout the US.
- # of Units
- 302 (as of 2020)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Huntington 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
- $28,000
- Initial Investment
- $133,458 - $276,669
- Net Worth Requirement
- $200,000
- Cash Requirement
- $65,000
- Veteran Incentives
- 25% off first-unit franchise fee
- Royalty Fee
- 9.5%
- Ad Royalty Fee
- 2%
- Term of Agreement
- 10 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.
- In-House Financing
- Huntington Learning Centers offers in-house financing to cover the following: startup costs, equipment, inventory, accounts receivable, payroll
- Third Party Financing
- Huntington 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
- 10 hours
- Classroom Training
- 123 hours
- Additional Training
- At franchisee's location and online
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail Marketing
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- # of employees required to run
- 1
- Are exclusive territories available?
- Yes
Franchise 500 Ranking History
Compare where Huntington Learning Centers landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Huntington Learning Centers ranked on other franchise lists? Find out below.
Franchise 500 Ranking
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Learning Experience Academy of Early Education, The
- Title
- Preschool/educational childcare
- Role
- Ranked #87
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