百大连锁店- Rank no. 272 – 新移民致富之路

百大连锁店- Rank no. 272 – 新移民致富之路


Rank no. 272 – Huntington Learning Centers – US

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Products & Services: Children’s tutoring & exam-prep services.

Number of Locations: 266

Total Investment: $98K – 200K

Founded: 1977

Began Franchising: 1985

About Huntington Learning Centers

A pioneer in supplemental education, Huntington Learning Centers was started by Dr. Raymond J. Huntington and his wife, Eileen, in 1977. The company began franchising in 1985.

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.

Franchise Units

YEAR U.S. CANADIAN INTERNATIONAL COMPANY OWNED
2013 234 0 0 32
2012 258 0 0 30
2011 250 0 0 30
2010 318 0 0 33
2009 331 0 0 34
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Midwest, Nebraska, North Carolina, Northeast, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, South, South Carolina, Southeast, Southwest, Tennessee, Texas, Utah, Virginia, Vermont, West, Washington, Wisconsin, West Virginia, Wyoming.

Startup Costs, Ongoing Fees and Financing

Total Investment: $98,000 – $200,000
Franchise Fee: $22,000
Ongoing Royalty Fee: 9.5%
Term of Franchise Agreement: 10 years, renewable
FINANCIAL REQUIREMENTS

Net Worth: $150,000
Liquid Cash Available: $50,000

OPERATIONS

35% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 3. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).

FINANCING TYPE IN-HOUSE THIRD PARTY
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 4 weeks. At various locations for 2-3 days twice a year
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, Ad slicks, National media,

Franchise Ranking History

Franchise 500®: #272 (2013), #500 (2012), #256 (2011), #114 (2010), #107 (2009),