Huntington Huntington LearningCenter A Strong Foundation for Franchise Success Presented By: Darlene...

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Huntington Learni ng Cente r A Strong Foundation for Franchise Success Presented By: Darlene Viering Vice President of Sales

Transcript of Huntington Huntington LearningCenter A Strong Foundation for Franchise Success Presented By: Darlene...

Page 1: Huntington Huntington LearningCenter A Strong Foundation for Franchise Success Presented By: Darlene Viering Vice President of Sales.

Huntington Learning Center

A Strong Foundation for Franchise Success

Presented By:

Darlene VieringVice President of Sales

Page 2: Huntington Huntington LearningCenter A Strong Foundation for Franchise Success Presented By: Darlene Viering Vice President of Sales.

The Huntington Story:

• Founded in 1977 by Dr. Raymond and Eileen Huntington

• Started franchising in 1985

• Personalized learning program based on individual needs• Academic Skills• Exam Prep• Subject Tutoring

• Low student-to-teacher ratio

• Mission Statement: “Giving every student the best education possible”

3 Revenue Streams!

Page 3: Huntington Huntington LearningCenter A Strong Foundation for Franchise Success Presented By: Darlene Viering Vice President of Sales.

The Huntington Story:

36 years later, Huntington…

• rebranded to Huntington: Your Tutoring Solution

• has approximately 265 retail centers in 38 states

• is the premier provider of supplemental education and Exam Prep servicing school aged, K-12 kids nationwide

• has the most experienced management team in the industry

• operates 32 company or ‘test’ centers and growing!

• Tremendous operational support in the form of:• Training• National Call Center• Field Support – Franchise Business Consultant• Marketing• Conference Coaching

Page 4: Huntington Huntington LearningCenter A Strong Foundation for Franchise Success Presented By: Darlene Viering Vice President of Sales.

Huntington Standard Model Franchise:

Standard Model Franchise

The total investment necessary to open a Huntington Learning Center starts at approximately $121,000.

The total investment includes:• Franchise fee is $14,500• Royalty 9.5%• Ad Fund fee 2%

Financial requirements:• Net worth $150,000• Liquid assets $50,000

*Expanded franchise package still available for a total investment of $192,950 - $437,750 with an 8% royalty.

Low start-up cost!

Page 5: Huntington Huntington LearningCenter A Strong Foundation for Franchise Success Presented By: Darlene Viering Vice President of Sales.

Huntington Standard Model Franchise:

Facilities:

• 1200-1400 sq ft. of retail space• First floor, walk in• Close to one anchor tenant, such as a major supermarket• High traffic or high visibility area• Hours of Operation: Monday through Friday, 9:30am – 8:30pm; Saturday, 9:00am – 3:00pm

Staffing:

• Center Director, typically the franchise owner• Assistant Director or Office Manager• Part–Time Teachers

Page 6: Huntington Huntington LearningCenter A Strong Foundation for Franchise Success Presented By: Darlene Viering Vice President of Sales.

Operator Profile:

The profile of the ideal Huntington franchisee is:

• Business or corporate background

• Involved in their local community

• Understands the importance of continued marketing

• Team builder

• Enjoys working with like-minded professionals

• Active participant in their HLC franchise

• Bachelor’s degree or higher

• Passion for children and education

Page 7: Huntington Huntington LearningCenter A Strong Foundation for Franchise Success Presented By: Darlene Viering Vice President of Sales.

Huntington Resale Program:

Huntington has numerous resale opportunities available throughout the country. We’ve developed a Huntington Resale Program for franchisees looking to sell for less than $25,000.

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If a franchisee sells for less than $25,000, we waive all franchise agreement transfer fees, except for a reduced

franchise fee of $10,000.

Page 8: Huntington Huntington LearningCenter A Strong Foundation for Franchise Success Presented By: Darlene Viering Vice President of Sales.

Referral Fees

New Award$18,000

Transfer under our Resale Program$5,000

Page 9: Huntington Huntington LearningCenter A Strong Foundation for Franchise Success Presented By: Darlene Viering Vice President of Sales.

Sales Process for New and Resales

• Broker or consultant refers qualified prospect to the Franchise Development team via [email protected] or 1-800-653-8400

• Phone Presentation #1 with prospect

• Phone Presentation #2 with prospect

• FDD disclosed to prospect

• Prospect attends Team Huntington Day (Discovery Day) at the corporate

headquarters in Oradell, NJ

• If approved after THD, validation is arranged with existing franchisees

• Prospect sends a Request for Franchise Agreement

• Contract signed by prospect

• Referral paid immediately after execution of franchise agreement

Page 10: Huntington Huntington LearningCenter A Strong Foundation for Franchise Success Presented By: Darlene Viering Vice President of Sales.

Next Steps:

Contact the Franchise Development team at:

[email protected] 800-653-8400

• 2-Minute Drill• Confidential Franchise Application (for

prospects)• Territory Checks• Sending candidates to!