Start-Up Costs and Fees |
||
| Huntington Learning Centers | Math Monkey | |
| Investment | 133458 - 276669 | 99000 - 164000 |
| Franchise Fee | 0 | |
| Royalty Fee | 9.50% | 6% |
| Advertising Fee | 2% | |
| Year Founded | 1977 | 2006 |
| Year Franchised | 1985 | 2006 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Huntington Learning Centers | Math Monkey | |
| Experience | General business experience | |
Financing Options |
||
| Huntington Learning Centers | Math Monkey | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Huntington Learning Centers | Math Monkey | |
| Training | On-The-Job Training: 16 hours Classroom Training: 155 hours Additional Training: At franchisee's location and online | |
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, National media | |
| Operations | Franchisees required to buy multiple units/master licenses; 35% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Huntington Learning Centers | Math Monkey | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Huntington Learning Centers | |
| Math Monkey | |
| Franchise Fee | |
| Huntington Learning Centers | |
| Math Monkey | |
| Royalty Fee | |
| Huntington Learning Centers | 9.50% |
| Math Monkey | 6% |
| Advertising Fee | |
| Huntington Learning Centers | 2% |
| Math Monkey | |
| Year Founded | |
| Huntington Learning Centers | 1977 |
| Math Monkey | 2006 |
| Year Franchised | |
| Huntington Learning Centers | 1985 |
| Math Monkey | 2006 |
| Term Of Agreement | |
| Huntington Learning Centers | 10 years |
| Math Monkey | |
| Renewal Fee | |
| Huntington Learning Centers | up to $20K |
| Math Monkey | |
Business Experience Requirements |
|
| Experience | |
| Huntington Learning Centers | General business experience |
| Math Monkey | |
Financing Options |
|
| Franchise Fees | |
| Huntington Learning Centers | No |
| Math Monkey | No |
| Start-up Costs | |
| Huntington Learning Centers | |
| Math Monkey | |
| Equipment | |
| Huntington Learning Centers} | |
| Math Monkey | |
| Inventory | |
| Huntington Learning Centers | |
| Math Monkey | |
| Receivables | |
| Huntington Learning Centers | |
| Math Monkey | |
| Payroll | |
| Huntington Learning Centers | |
| Math Monkey | |
Training & Support |
|
| Training | |
| Huntington Learning Centers | On-The-Job Training: 16 hours Classroom Training: 155 hours Additional Training: At franchisee's location and online |
| Math Monkey | |
| Support | |
| Huntington Learning Centers | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives |
| Math Monkey | |
| Marketing | |
| Huntington Learning Centers | Co-op advertising, Ad slicks, National media |
| Math Monkey | |
| Operations | |
| Huntington Learning Centers | Franchisees required to buy multiple units/master licenses; 35% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| Math Monkey | |
Expansion Plans |
|
| US Expansion | |
| Huntington Learning Centers | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Math Monkey | |
| Canada Expansion | |
| Huntington Learning Centers | |
| Math Monkey | 0 |
| International Expansion | |
| Huntington Learning Centers | |
| Math Monkey | |