The investment for our retail franchise is $220,750 - $377,450; and for our home-based franchise is $148,125 - $295,350. Financing is available through third-party lenders.
Retail Franchise - Huntington Center Services
The following summarizes the estimated initial investment for opening a Huntington Learning Center.
Costs will vary depending upon your center's location, size, leasehold improvements, and other variables.
| |
Franchise Fee: |
$ |
43,000 |
|
|
|
|
 |
| |
Learning Center Operations System:
Huntington's proprietary software |
$ |
14,000 |
|
|
|
|
|
| |
Equipment:
Office equipment, furniture, computer hardware, architectural design,
sign, graphics and tenant improvement |
$ |
48,300 |
- |
$ |
155,000 |
|
|
| |
Inventory:
Educational inventory, office inventory, and comsumable supplies |
$ |
67,100 |
- |
$ |
78,500 |
|
|
| |
Opening Advertising: |
$ |
6,000 |
|
|
|
|
|
| |
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 |
$ |
4,600 |
- |
$ |
25,450 |
|
|
| |
Additional Expenses:
Includes recruiting, insurance, payroll, and additional funds for three months |
$ |
37,750 |
- |
$ |
53,500 |
|
|
|
| |
Total: |
$ |
220,750 |
- |
$ |
377,450 |
|
Home-Based Franchise - Huntington School Services
The following summarizes the estimated initial investment* for a home-based Huntington School Services franchise. Actual costs will vary for each franchisee depending on many factors.
| |
Initial Franchise Fee: |
$ |
20,000 |
|
|
|
|
|
| |
State Initial Franchise Fee: |
$ |
5,000 |
|
|
|
|
|
| |
Local Education Agency Fee: |
$ |
3,000 |
|
|
|
|
|
| |
School Initial Fee: |
$ |
3,000 |
|
|
|
|
|
| |
Software License Fee: |
$ |
5,000 |
|
|
|
|
|
| |
Phone Number License Fee: |
$ |
500 |
|
|
|
|
|
| |
Travel and Living Expenses While Training: |
$ |
700 |
- |
$ |
5,200 |
|
|
| |
Equipment: |
$ |
3,000 |
- |
$ |
5,000 |
|
|
| |
Computer Equipment: |
$ |
7,000 |
|
|
|
|
|
| |
Learning Stations/Curricula: |
$ |
28,800 |
- |
$ |
63,000 |
|
|
| |
Full-Time Employees: |
$ |
26,100 |
- |
$ |
34,800 |
|
|
| |
Part-Time Employees: |
$ |
10,125 |
- |
$ |
27,000 |
|
|
| |
Additional Expenses:
Includes recruiting, insurance, office improvement, rent, initial advertising, cooperative advertising, supplies, and additional funds
|
$ |
35,900 |
- |
$ |
116,850 |
|
|
| |
Total: |
$ |
146,125 |
- |
$ |
295,350 |
|
* The estimated initial investment for a home-based Huntington School Services franchise assumes you provide on-site school services to thirty students in each of three schools in one school district. We assume you require three Huntington Learning stations per school and your territory may contain fewer or more schools and may serve fewer or more students. You may serve students in multiple districts and possibly multiple states. If you serve more students or use more rooms or schools, your costs will increase. Please review carefully all figures in the Franchise Disclosure Document.
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