Initial Investment and Financial Requirements

How much are the startup costs for a Huntington Tutoring Franchise?
The estimated startup costs for a Huntington Learning Center range from $147,010 to $266,111, depending on your center’s location, size, leasehold improvements and other variables.

Which are the financial requirements of a Huntington Education Franchise?
To qualify for a franchise, you will need a minimum of $65,000 in liquid capital and a net worth of $200,000. We also recommend additional capital or income to cover living expenses during the first 12 months, when your business is ramping up.

Type Of ExpenditureAmount
Initial Franchise Fee: One-time fee$36,000
Pre-Opening Expenses: Travel and living expenses while training, security and utility deposits, software fees, set-up fees (phone number license, call center, coaching services, website), insurance, attorney, accountant and other consultant fees$9,005 – $27,770
Equipment: Office equipment, furniture, computer hardware, architectural design, signs, graphics and tenant improvements for your 1200 – 1400 sq. ft. center.$37,227 – $132,773
Inventory: Educational inventory, office inventory, and consumable supplies$23,257 – $25,857
Local Advertising: For the grand opening of your center$19,235
Additional Expenses: Working capital for the first three months$22,286 – $24,476
GRAND TOTAL:$147,010 – $266,111

We provide more details about each of these initial investment line items in our Franchise Disclosure Document. If you are ready to learn more about the tutoring business start-up costs, fill out the form. We look forward to answering your questions. You can also call us at 1-800-653-8400.

Some of the benefits of owning a Huntington franchise

  • Amazing student results
  • Multiple revenue streams during the lifecycle of a student
  • Qualified veterans or active military receive a 25% discount on franchise fee

 




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