Rank no.269 – LearningRx – US
Products & Services: Personal training for memory, executive function & IQ
Number of Locations: 88
Total Investment: $109K – 209K
Began Franchising: 2003
In the 1980’s, brothers Dr. Ken Gibson and Dr. Keith Gibson– a specialist in visual processing and a clinical psychologist, respectively– sought a way to help people with learning difficulties to learn more quickly and easily. They developed a series of short, intense training exercises to improve concentration and recall abilities. Once this method proved successful in trials, they continued to test and enhance the program with input from other specialists in education, medicine and psychology, in order to help students with attention problems, dyxlexia, memory problems and other learning disabilities to improve their cognitive skills. Dr. Ken Gibson began franchising under the name LearningRx in 2003, and is currently the company’s CEO.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $25,000 – $35,000
Ongoing Royalty Fee: 10%
Term of Franchise Agreement: 10 years, renewable
Net Worth: $250,000
Liquid Cash Available: $75,000
10% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 3 – 30. Absentee ownership of franchise is allowed. (67% of current franchisees are owner/operators).
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How This Franchise Supports Franchisees
Franchise Ranking History