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Huntington

Huntington. Learning. Center. Presented By: Darlene Viering Vice President of Sales. A Strong Foundation for Franchise Success . The Huntington Story:. Founded in 1977 by Dr. Raymond and Eileen Huntington Started franchising in 1985 Personalized learning program

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Huntington

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

  2. 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!

  3. 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

  4. 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!

  5. 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

  6. 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

  7. 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. • ~~~ • 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.

  8. Referral Fees • New Award • $18,000 • Transfer under our Resale Program • $5,000

  9. Sales Process for New and Resales • Broker or consultant refers qualified prospect to the Franchise Development team via franchise@hlcmail.com 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

  10. Next Steps: • Contact the Franchise Development team at: • franchise@hlcmail.com • 800-653-8400 • 2-Minute Drill • Confidential Franchise Application (for prospects) • Territory Checks • Sending candidates to!

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