Searching for a fresh investment chance? The Huntington Learning Center franchise is a great place to start a tutoring business. A reputable education franchise, Huntington Learning Center, offers K–12 pupils helpful tutoring and test preparation services.
This article will take you through the Huntington education franchise investment fee, cost, its prior requirements, how well-established it is, and many more. I will guide you through this if you are an education industry enthusiast. I am if you read thoroughly, you might not want to miss out on the opportunity to invest in this firm.
How much does it cost to Franchise a Huntington in the United States?
You must have a minimum net worth of $100,000 and $70,000 in liquid money to own a Tutoring Club franchise. Franchisees should budget at least $85,000 for their whole investment.
Huntington Franchise Startup and On-going Franchise Costs |
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| Huntington Learning Center Franchise Fee | $36,000 |
| Huntington Learning Center Franchise Cost | $154,063 – $264,028 |
| Royalty Fee | 8% |
| Advertising Fee | 2% |
| Term of Agreement | 10 Years |
| Is Franchise term renewable? | Yes |
| Veteran Discount | 25% off on first franchise fees |
How much do Huntington franchise owners make?
Huntington Learning Center franchisees earned an average gross income of $363,155, which is 36% more than the nearest market rival offering tutoring services. The gross amount that was earned the most was $2,284,323.
What is Huntington Learning Center franchise profit?
In reality, Huntington Learning Center is the top-producing tutoring business in terms of revenue. Their 2019 average franchise center revenue is 36% greater than that of the competition, and they have had eight years of uninterrupted double-digit growth with no signs of abating.
Everything they do is governed by their ideals, and they take care to hire franchise owners who share those values. The only way they can be sure that their brand will continue to lead their sector in the future is to do that.
What are Huntington Learning Center Franchise Reviews
Since Huntington Learning Centers are now almost entirely owned by franchisees, each location is managed slightly differently. The overall goal is to “provide every student the greatest education possible,” and there is training available for all facets of the work. The pay for full-time employees is roughly typical for the sector, but there are no benefits and it might be difficult to take time off without a substantial support team. Although it’s great to see students achieve, full-time staff members should plan on working long hours. Being a great seller will help you succeed at Huntington since, at the end of the day, it is a business.
Alternate of Huntington Learning Center Franchises
- Kumon franchise
- Kiddie academy franchise
- Drama kids franchise
- School of Rock franchise
- Goddard School Franchise
- Mathnasium franchise
- Eye Level franchise
- CMIT SOLUTIONS franchise
- Sylvan learning center franchise
- Legacy Academy franchise
Huntington Learning Center Franchise Requirements
The following list of financial requirements, the money needed, and ongoing franchise fees pertain to owning a Huntington franchise
- $36,000 is the Huntington Tutoring initial franchise fee.
- The initial outlay is between $154,063 – $264,028.
- The minimum net worth is $200,000
- The minimum Cash needed is $65,000
Huntington Tutoring Franchise Rankings
What is the Huntington Learning Center?
The best performing in the tutoring sector is Huntington Learning Center. The Huntington Learning Center, established in 1977 by Ray and Eileen Huntington, provides K–12 students across the country with specialized in-person and online tutoring programs.
Huntington’s business strategy, which has about 300 campuses throughout the country, is built on two important pillars: assisting students in achieving world-class achievements and enhancing franchisee profitability. Huntington Learning Center is the best-performing franchising company in the tutoring sector thanks to our commitment to these two areas.
Is Huntington Learning Center a Franchise?
Yes, the Huntington Learning Center franchising business strategy is built around assisting students in receiving individualized training so they can obtain achievements of the highest caliber.
Facts That Nobody Told You About Huntington Learning Center
- Their test prep students see an average increase of 5.4 points on the ACT and 229 points on the SAT. On average, their tutoring students advance over two grade levels in reading and math with just 50 hours of tutoring.
- In 2019, the business reported a net income of 4.5 million. This represents a significant increase from a net income of 1.9 million in 2018 and 1.6 million in 2017, respectively.
Huntington Learning Center Franchise Reviews |
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| Industry Type | |
| Sub Category | Education franchises |
| Year Established | 1977 |
| Company Name | Huntington Learning Center |
| Founder/Management Head | Raymond J. Huntington |
| Franchising Started | 1985 |
| Employees at Company H.O | 51-200 employees |
| Franchise Expansion Plan | The United States and Canada |
| Number of Units | 300 |
| Social Media Handles | |
| Youtube | |
| Company Office location | Oradell, New Jersey |
What Makes Huntington Learning Center Unique?
The Huntington Learning Center is dedicated to giving students the tools they need to realize their full potential and accomplish their academic objectives. They can create individualized plans that accelerate students’ talents and enhance their results by concentrating on unique student needs, whether it is K–12 tutoring, honing study skills, or test prep for college entrance exams or state standardized testing.
In reality, Huntington assigns each student an Academic Evaluation that identifies their academic strengths and weaknesses before deciding on the best course of action. The fact that they don’t give a one-size-fits-all solution sets them apart from the competition in their field. Each student is treated uniquely at Huntington Learning Center.
Huntington provides excellent training to franchises
Franchisee Initial Training (FIT) comprises 36 hours of online courses and virtual sessions in addition to three weeks of in-person instruction at the franchisor’s corporate training facility. Additionally, the franchisor provides 25 hours of extra optional virtual sessions.
The franchisor normally holds regional gatherings and a national conference for advanced training, varying the cities where it does so. Additionally, the franchisor frequently holds regional meetings on the grounds of a participating franchisee. Occasionally, the franchisor provides additional advanced training, like multi-unit training. (At this time, the franchisor only provides FIT at its online training facility due to COVID-19.)
How Huntington Supports Franchises in Operations
The primary owner must finish the initial training program and have at least a 20% ownership stake in the business. If the primary owner manages the franchised business, they must devote all of their time to the day-to-day operations and cannot, directly or indirectly, engage in any other businesses or activities that would require them to devote a significant amount of time to management or that might otherwise conflict with their obligations under the franchise agreement.
The primary owner does not have to be involved in the day-to-day management of the franchised business if they are not the manager, but they are still in charge of managing the manager.
How is Huntington Territory Granted to Franchises
Only the locations that the franchisor has approved for the franchisee to run their business are permitted. The franchisor will provide the franchise an “exclusive region” after approving the franchisee’s premises location. A typical exclusive area has a radius of between 0 and 3 miles, is circular in shape, and is centered on the property.
Does Huntington provide Financial Assistance?
Direct or indirect finance is not provided by the franchisor. The debt, lease, or other obligation of a franchisee is not guaranteed by the franchisor. The franchisor will waive the initial franchise fee for the first new franchise by 25% if the franchisees are, or if one of the owners is, a veteran who was honorably discharged from the U.S. Armed Forces or who was serving on active duty in the U.S. Armed Forces on the date of the agreement.
Pros & Cons of Owning Huntington Tutoring Franchise
Pros
- The most lucrative tutoring franchise
- Franchise revenue rose by an average of 32% between 2009 and 2016.
- Because parents prioritize their children’s education, according to The New York Times, tutoring is “immune to recession”* Huntington provides services that span students’ academic careers from Kindergarten through 12th grade, generating many revenue streams and repeat clients.
- Locations around the country and a business concept that works in both large and small areas
Cons
- Very regionally focused, with no understanding of the landscape and culture of the West Coast, especially Southern California, to aid franchisees in thriving and expanding.
- A potential concern about the Huntington opportunity in terms of franchisee turnover is revealed in Item 20 of the 2015 Huntington Disclosure Document (FDD).
Franchise Deck Analysis and Overview
Huntington might be one of the biggest investments of your life. If you are an education enthusiast then you must take this as a growing opportunity for your career. In 2019, the business had a net income of 4.5 million. This represents a significant increase from a net income of 1.9 million in 2018 and 1.6 million in 2017, respectively.
There is a high chance of this number increasing or being constant so this may turn into the biggest profit in your life in case you consider thinking about yourself. You will face competition from nonprofit, for-profit, and free companies that provide services comparable to or identical to Huntington Services.
Is the Huntington Profit Worth the Franchise Cost?
Yes, Huntington is very much worth the cost as it has been generating revenue for the past 8 months and has been consistent throughout. Their average gross revenue is $479,806.
Huntington Learning Center franchisees earned an average gross income of $363,155, which is 36% more than the closest market rival offering tutoring services.
| Alternatives of Huntington | ||||||
| Brand | Cost to Franchise | Franchisee Fees | Royalty + Ad fees | Expected Profit | Recoup of Capital | FD Rating |
| Huntington Tutoring | $148,017 – $263,072 | $36,000 | Royalty Fee is 9.5% of gross revenue fee is 2% of gross revenue | Not disclosed in FDD | Not disclosed in FDD | 3.5/5.0 |
| School of Rock Franchise | $395,800-$537,400 | $49,000 | Royalty fee is 10% of gross sales and Ad fee is Up to 2% of gross sales. | $305,815 (66.9%) | Not disclosed in FDD | 4.0/5.0 |
| Goddard School Franchise | $879,950-$1,229,950 | $135,000 | Ongoing Royalty Fee: 7%Ad Royalty Fee 2% | $373,000 a year | $954k | 3.3/5.0 |
| Mathnasium Franchise | $112,860 – $149,155 | $49,000 | Royalty fee is 10% Ad fee is 2% | 15-25% of the average Franchise sales | 3.23 years to 4.30 years is the time for recoup of the capital | 3.8/5.0 |
| S.A.M Singapore Math franchise | $80,000 – $120,000 | $25,000 | N/A | Not Disclosed in the FDD document | Not disclosed in the document | 3.3/5.0 |
| Drama Kids Franchise | $35,000-$75,000 |
$27,500 | Royalty fee- 8% Ad fee- 1% | Not disclosed | Not Disclosed in FDD | 3.7/5.0 |
The Franchise Deck rating for the Huntington franchise is 3.7/5.0.
Conclusion: Should you buy the Huntington Learning Center franchise for sale?
Purchasing a Huntington Learning Center franchise is choosing to become the owner of a company that can use education to improve the world. Numerous franchisees have received assistance from Huntington Learning Center in realizing their aspirations to run a successful company.
One of the most comprehensive training programs and continuous support systems available in the market is included in the fee for your first Huntington Learning Center site. Take the initial move toward transforming our world if you are interested in making this investment.
Explore other education franchise opportunities categories can look at
- Legacy Academy Franchise
- Kumon franchise
- Kiddie academy franchise
- School of Rock franchise
- Goddard School Franchise
- MATHNASIUM Franchise
- Drama Kids Franchise
- Sylvan Learning Center Franchise
Frequently Asked Questions (FAQs)
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Is the Huntington Franchise profitable?
Yes, It is profitable.
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Can you make money owning a Huntington?
Yes, you can make money owning a Huntington Learning Center franchising business.
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Is Huntington a franchise?
Yes, it is a franchise.
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How do Huntington franchises make money?
Huntington makes money by providing education tutoring the kids and shaping their careers. The kid’s parents pay money to the franchise to help the kids grow.
Huntington’s Learning Center provides excellent academic support for students of all ages.
It has a unique approach to learning that is tailored to the individual’s needs.
The instructors are knowledgeable and friendly, and they take the time to really understand each student’s learning style.
The center offers a wide range of courses, from math and science to language arts and social studies.
It is a great place to get help with homework, test preparation, and study skills.
The center also provides tutoring services and has a great library of educational resources.
Huntington’s Learning Center is dedicated to helping students reach their full potential.
It offers personalized instruction and support to help students of all ages succeed in school.
The center provides a safe and comfortable learning environment that encourages creativity and growth.
They also have specialized programs and activities that help students develop their skills and confidence.
The instructors are knowledgeable and experienced, and they are committed to helping each student reach their goals. The center also offers a wide range of services and resources to support students in their learning.
Huntington’s Learning Center is a great place for both students and parents to get the help they need.
It is a wonderful resource for those looking to further their education and reach their academic goals.
Huntington Franchise has been a trusted name in the financial services industry for many years. The company has a wide array of products, services and investments to suit the needs of a variety of customers. Huntington Franchise offers convenient access to banking, investments, and insurance, making it a great choice for individuals and businesses alike. The company’s commitment to customer service and satisfaction is evident in their dedication to providing quality products and services. Huntington Franchise’s online platform is easy to use and provides customers with a range of options to manage their finances deck info share
The company’s wealth of financial knowledge and experience helps clients make informed decisions regarding their investments and financial goals. The cost of a Huntington Franchise varies depending on the services and products desired. The franchise fee is generally a one-time fee and is included in the total cost of the franchise. Franchisees can expect to pay annual fees for ongoing support and resources from the company. The franchise cost also includes marketing and advertising expenses, so franchisees can expect to invest in these areas.
Additional costs such as training and equipment may be necessary depending on the type of services offered. Huntington Franchise has a strong track record of reliable profits and a loyal customer base. Franchisees benefit from the company’s strong brand recognition and reputation. By providing high-quality products and services, franchisees can expect to generate consistent profits over the long term. Investing in a Huntington Franchise is a great way to start your own business and capitalize on the company’s success.