In this FDD Talk 2017 post, you’ll learn the following:
- Section I – Background information on the Huntington Learning Center franchise opportunity, including relevant news updates
- Section II – Estimated initial investment for a Huntington Learning Center franchise, based on Item 7 of the company’s 2017 FDD
- Section III – Initial franchise fee, royalty fee, marketing fee, and other fees for a Huntington Learning Center franchise, based on Items 5 and 6 of the company’s 2017 FDD
- Section IV – Presentation and analysis of Huntington Learning Center’s financial performance representations, based on Item 19 of the company’s 2017 FDD, including information on the:
- 2016 average gross sales; distribution of sales by service (learning center service; test prep service; subject tutoring service; academic evaluation fees, registration fees, and miscellaneous receipts); hours of instruction; conversion rate (academic evaluation conversion, enrollment conversion); hourly tuition (learning center tuition, test prep tuition); length of stay (learning center LOS, test prep LOS); rent; and call center and coaching services fees for the 182 franchised Huntington Learning Centers open all of 2016 under the same franchisee (“Open Franchise Centers”)
- 2016 average salaries and tenure (teacher, assistant director, and teacher supervisor) at company-owned Huntington Learning Centers
- certain expense items listed on the end-of-year profit and loss statements Huntington Learning Center franchisees submit to the franchisor
Section I – Background Information
11 Things You Need to Know About the Huntington Learning Center Franchise
New Chief Operating Officer
1. In early February, Huntington Learning Center announced the appointment of Lisa Merry as Chief Operating Officer. Merry rejoins Huntington after serving a variety of roles in the company between 1992 and 2007.
2. In her new role as COO, Merry will oversee corporate and franchise operations, as well as lead franchise development efforts as Huntington Learning Center continues its nationwide expansion. Merry says that she looks forward to introducing Huntington’s valuable resources to additional markets, as well as contributing to its ongoing success and growth.
Recognized as a Top Franchise by Franchise Business Review
3. At the start of 2017, Huntington Learning Center was recognized as a top-rated franchise for 2017 by Franchise Business Review based on franchisee satisfaction. Franchise Business Review surveys franchise owners on several key areas of franchisee satisfaction including: training and support, the franchise system, leadership, core values, the franchisee community, the financial opportunity, and general satisfaction.
4. Huntington Learning Center was also named one of the 2017 Top Franchises for Women by Franchise Business Review. The award is based on feedback from female franchisees regarding aspects of their franchises, such as leadership, training, marketing, and financial picture, that are crucial to their success.
5. According to Stephanie Kennedy, a Huntington franchisee in Issaquah, Washington, Huntington has helped her become successful through training and mentoring as well as providing her with the tools to grow her business and fulfill her dreams.
Anne Huntington Named a 2017 Brava Award Winner by SmartCEO
6. At the end of February, Anne Huntington, Head of Public-Private Partnerships for Huntington Learning Center, was chosen by SmartCEO as one of 40 female business leaders to receive a Brava Award. The Brava Award recognizes New Jersey’s top female leaders who are successful, possess vision, passion, compassion, dedication, and perseverance.
2017 Summer Reading Adventure Program
7. To kick off the summer break, at the start of June, Huntington Learning Center launched its annual summer reading program, Reading Adventure. To participate in the program, students select books from Huntington’s carefully compiled book lists that offer a range of choices by grade level and reading ability. Students then share their assessment and opinions of the books by recording what they read in their “reading passport.”
8. Eileen Huntington, co-founder and CEO of Huntington Learning Center, says the Reading Adventure program “fosters a love of learning by helping children discover how much fun reading can be.” The program will run through the summer and parents can pick up information and reading passports from their local learning center.
9. Huntington Learning Center was founded in 1977 by Dr. Raymond Huntington and his wife Eileen in New Jersey. The Huntingtons, who were involved with education, opened the first learning center after recognizing that there was a need to supplement what children were being taught at school. A second location opened the following year and throughout the early 80s, the Huntingtons opened additional learning centers in New Jersey.
10. Franchising officially began in 1985. Today, Huntington Learning Center has more than 250 locations in the U.S.
Entrepreneur’s Franchise 500
11. Huntington Learning Center has ranked on Entrepreneur’s annual Franchise 500 list every year in the past decade. The company’s highest rank was No. 63 in 2017, while its lowest rank was No. 500 in 2012.
Section II – Estimated Costs
- Please click here for detailed estimates of Huntington Learning Center franchise costs, based on Item 7 of the company’s 2017 FDD (updated).
Section III – Initial Franchise Fee, Royalty Fee, Marketing Fee, and Other Fees
- Please click here for detailed information on Huntington Learning Center’s initial franchise fee, royalty fee, marketing fee, and other fees, based on Items 5 and 6 of the company’s 2017 FDD.