Estimated Franchise Costs
The following summarizes the estimated initial investment for opening a Standard Huntington Center. Costs will vary depending upon your center's location, size, leasehold improvements, and other variables.
| |
Cost |
|
Range |
|
| |
Franchise Fee: |
|
$7,000 |
- |
$7,000 |
|
| |
Learning Center Operations System:
Huntington's proprietary software. |
|
$1,500 |
- |
$1,500 |
|
| |
Equipment:
Office equipment, furniture, computer hardware, architectural design, sign, graphics and tenant improvement. |
|
$37,600 |
- |
$128,800 |
|
| |
Inventory:
Educational inventory, office inventory, and consumable supplies. |
|
$25,600 |
- |
$25,600 |
|
| |
Opening Advertising: |
|
$14,250 |
- |
$14,250 |
|
| |
Pre-opening Expenses:
Travel and living expenses while training, security and utility deposits, software fees, phone number license, call center, coaching services, attorney, accountant, and other consultant fees. |
|
$2,500 |
- |
$25,150 |
|
| |
Additional Expenses:
Recruiting, insurance, payroll, and additional funds for three months. |
|
$25,400 |
- |
$39,300 |
|
|
| |
Total Investment:
Financing is available through third-party lenders. |
|
$113,850 |
- |
$245,850 |
|
Note: The Standard Huntington Center is 1,200 - 1,600 sq. ft. An Expanded Huntington Center, which is 1,600 sq. ft and larger, is available for a total investment of $200,100 - $348,250. The Standard Huntington Center has royalty payments of 9.5%. The Expanded Huntington Center has royalty payments of 8%. Please read our Franchise Disclosure Document for full details.
|
|
