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The estimated startup costs for a Huntington Learning Center range from $119,201 to $270,304, depending on your center’s location, size, leasehold improvements and other variables.
To qualify for a franchise, you will need a minimum of $60,000 in liquid capital and a net worth of $150,000. We also recommend additional capital or income to cover living expenses during the first 12 months, when your business is ramping up.
Keep in mind that Huntington offers in-house financing to qualified applicants to assist with these costs.
|Type Of Expenditure||Amount|
|Initial Franchise Fee: One-time fee||$28,000|
|Development Fee: Applies when reserving rights for a second center||$0 – $5,000|
|Equipment: Office equipment, furniture, computer hardware, architectural design, sign, graphics, and tenant improvements||$38,420 – $131,215|
|Inventory: Educational inventory, office inventory, and consumable supplies||$21,406 – $25,824|
|Local Advertising: For the grand opening of your center||$10,370 – $15,270|
|Pre-opening Expenses: Travel and living expenses while training, security and utility deposits, software fees, phone number license, call center, coaching services, web site set-up fee, insurance, attorney, accountant, and other consultant fees||$3,005 – $24,995|
|Additional Expenses: Working capital for first three months||$18,000 – $40,000|
|TOTAL:||$119,201 – $270,304|
We provide more details about each of these initial investment line items in our Franchise Disclosure Document. If you are ready to learn more, fill out the form. We look forward to answering your questions. You can also call us at 1-800-653-8400.
Huntington Learning Center, the nation’s leading tutoring and test prep provider with more than 300 locations across the country, is pleased to announce that Anne Huntington has been appointed to its board of directors.Read More
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