HUNTINGTON LEARNING CENTER
Huntington Learning Center is one of the most established and well-respected brands in education. Since opening its first location in 1977, Huntington has grown to nearly 300 learning centers nationwide which provide quality instruction to thousands of students grades K-1
The tutoring industry shows no signs of slowing down. As the sheer number of students continues to grow, so too does the number of concerned parents seeking tutoring for their children. According to the U.S. Department of Education, the U.S. had a total of 55.9 million students in public and private elementary and secondary schools as of 2010, and the total number of students is projected to set new records every year through 2018. According to AnythingResearch.com, Exam Preparation and Tutoring ranks #7 on its list of “fastest growing industries that are hospitable to small businesses.” Add to this the unparalleled support and technology that come with being part of the Huntington franchise system, and you have an ideal business model for the tutoring industry.
According to The New York Times, tutoring is one industry in America that seems immune to recession. As more parents are paying for tutors for their children, spending on tutors is growing at more than 5 percent a year. Further, according to the Education Industry Association and GSV Asset Management, the test prep/tutoring/counseling market is an $11.0 billion dollar industry in 2012, expected to grow 6% per year through 2017 to $14.7 billion.
Being part of the tutoring industry as a Huntington franchisee has the potential to be very financially rewarding.
The total investment required to open a center is between $98,000 to $200,0000. The franchise fee is $22,000 with a yearly royalty of 9.5%.