Searching for a fresh investment chance? The Huntington Learning Center 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 is 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.
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 specialised 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 individualised 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 and Information|
|Sub Category||Education franchises|
|Company Name||Huntington Learning Center|
|Founder/Management Head||Raymond J. Huntington|
|Employees at Company H.O||51-200 employees|
|Franchise Expansion Plan||The United States and Canada|
|Number of Units||300|
|Social Media Handles|
|Company Office location||Oradell, New Jersey|
Huntington Learning Center Franchise Requirements
The following list of financial requirements, the money needed, and ongoing franchise fees pertain to owning a Huntington’s Learning Center franchise
- $36,000 is the Huntington Tutoring initial franchise fee.
- The initial outlay is between $148,017 and $263,072
- The minimum net worth is $200,000
- The minimum Cash needed is $65,000
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 in order 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|
|Huntington Learning Center Franchise Fee||$36,000|
|Huntington Learning Center Franchise Cost||$148,017 – $263,072|
|Term of Agreement||10 Years|
|Is Franchise term renewable?||Yes,|
|Veteran Discount||25% off on first franchise fees|
What Makes Huntington Learning Center Unique?
The Huntington Learning Center is dedicated to giving students the tools they need to realise their full potential and accomplish their academic objectives. They are able to create individualised 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 standardised 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
- 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
- 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).
How much do Huntington owners make?
In 2020, 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 is 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.
Huntington Tutoring Franchise Rankings
The Entrepreneur Magazine Franchise 500 list places #122 in 2022 against #60 in 2021.
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.
In 2020, 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||USD $322,500 – $521,100||USD $49,000||Royalty fee is 8% of gross sales and Ad fee is Up to 3% of gross sales.||$305,815 (66.9%)||Not disclosed in FDD||4.0/5.0|
|Goddard School Franchise||$135,000||$135,000||Ongoing Royalty Fee: 7%Ad Royalty Fee 2%||$373,000 a year||$954k||3.3/5.0|
|Mathnasium Franchise||$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|
$33,800 – $73,500
|$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 Learning Center Franchising is 3.7/5.0.
Conclusion: Is Huntington Learning Center a good franchise?
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)
- Is the Huntington Franchise profitable?
Yes, It is profitable.
- Can you make money owning a Huntington?
Yes, you can make money owning a Huntington Learning Center franchising business.
- Is Huntington a franchise?
Yes, it is a franchise.
- How do Huntington franchises make money?
Huntington makes money by providing education and tutoring the kids and shaping their careers. The kid’s parents pay money to the franchise for helping 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.