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Published byWinfred Bridges Modified over 9 years ago
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Huntington Huntington LearningCenter A Strong Foundation for Franchise Success Presented By: Darlene Viering Vice President of Sales
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The Huntington Story: Founded in 1977 by Dr. Raymond and Eileen Huntington Started franchising in 1985 Personalized learning program based on individual needs Academic Skills Exam Prep Subject Tutoring Low student-to-teacher ratio Mission Statement: “Giving every student the best education possible” 3 Revenue Streams!
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The Huntington Story: 36 years later, Huntington… rebranded to Huntington: Your Tutoring Solution has approximately 265 retail centers in 38 states is the premier provider of supplemental education and Exam Prep servicing school aged, K-12 kids nationwide has the most experienced management team in the industry operates 32 company or ‘test’ centers and growing! Tremendous operational support in the form of: Training National Call Center Field Support – Franchise Business Consultant Marketing Conference Coaching
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Huntington Standard Model Franchise : Standard Model Franchise The total investment necessary to open a Huntington Learning Center starts at approximately $121,000. The total investment includes: Franchise fee is $14,500 Royalty 9.5% Ad Fund fee 2% Financial requirements: Net worth $150,000 Liquid assets $50,000 *Expanded franchise package still available for a total investment of $192,950 - $437,750 with an 8% royalty. Low start- up cost!
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Huntington Standard Model Franchise : Facilities: 1200-1400 sq ft. of retail space First floor, walk in Close to one anchor tenant, such as a major supermarket High traffic or high visibility area Hours of Operation: Monday through Friday, 9:30am – 8:30pm; Saturday, 9:00am – 3:00pm Staffing: Center Director, typically the franchise owner Assistant Director or Office Manager Part–Time Teachers
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Operator Profile: The profile of the ideal Huntington franchisee is: Business or corporate background Involved in their local community Understands the importance of continued marketing Team builder Enjoys working with like-minded professionals Active participant in their HLC franchise Bachelor’s degree or higher Passion for children and education
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Huntington Resale Program : Huntington has numerous resale opportunities available throughout the country. We’ve developed a Huntington Resale Program for franchisees looking to sell for less than $25,000. ~~~ If a franchisee sells for less than $25,000, we waive all franchise agreement transfer fees, except for a reduced franchise fee of $10,000.
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Referral Fees New Award $18,000 Transfer under our Resale Program $5,000
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Sales Process for New and Resales Broker or consultant refers qualified prospect to the Franchise Development team via franchise@hlcmail.com or 1-800-653-8400franchise@hlcmail.com Phone Presentation #1 with prospect Phone Presentation #2 with prospect FDD disclosed to prospect Prospect attends Team Huntington Day (Discovery Day) at the corporate headquarters in Oradell, NJ If approved after THD, validation is arranged with existing franchisees Prospect sends a Request for Franchise Agreement Contract signed by prospect Referral paid immediately after execution of franchise agreement
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Next Steps: Contact the Franchise Development team at: franchise@hlcmail.com 800-653-8400 2-Minute Drill Confidential Franchise Application (for prospects) Territory Checks Sending candidates to!
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