Start-Up Costs and Fees |
||
| Young Chefs Academy | Huntington Learning Centers | |
| Investment | 120300 - 196900 | 133458 - 276669 |
| Franchise Fee | 0 | |
| Royalty Fee | $395/month | 9.50% |
| Advertising Fee | 2% | |
| Year Founded | 2004 | 1977 |
| Year Franchised | 2005 | 1985 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Young Chefs Academy | Huntington Learning Centers | |
| Experience | *Franchisees must live in the market they wish to operate. *You must have a minimum of $72,000.00. *We carefully consider your personal experience and people skills. *You must understand the unique attributes of operating a business within a franchise system. *You need to be able to execute a franchise agreement within 3 months from the initial request for consideration to begin the qualification process. | General business experience |
Financing Options |
||
| Young Chefs Academy | Huntington Learning Centers | |
| Franchise Fees | No | No |
| Start-up Costs | No | Yes |
| Equipment | No | Yes |
| Inventory | No | Yes |
| Receivables | No | Yes |
| Payroll | No | Yes |
Training & Support |
||
| Young Chefs Academy | Huntington Learning Centers | |
| Training | Hands on initial training supports our operations manual so that each new franchisee represents our brand to the standard of quality associated with Young Chefs Academy. All new Young Chef Academy Franchise Owners receive on-site training followed by continual training throughout the franchise relationship. Our initial training program is designed to prepare you to furnish you with the right tools to make your dream a reality and allow you to begin your business immediately after you successfully complete your training. | On-The-Job Training: 16 hours Classroom Training: 155 hours Additional Training: At franchisee's location and online |
| Support | Through our wide-range of expertise, there is always someone to turn to for answers. | 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 |
||
| Young Chefs Academy | Huntington Learning Centers | |
| 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 | |
| Young Chefs Academy | |
| Huntington Learning Centers | |
| Franchise Fee | |
| Young Chefs Academy | |
| Huntington Learning Centers | |
| Royalty Fee | |
| Young Chefs Academy | $395/month |
| Huntington Learning Centers | 9.50% |
| Advertising Fee | |
| Young Chefs Academy | |
| Huntington Learning Centers | 2% |
| Year Founded | |
| Young Chefs Academy | 2004 |
| Huntington Learning Centers | 1977 |
| Year Franchised | |
| Young Chefs Academy | 2005 |
| Huntington Learning Centers | 1985 |
| Term Of Agreement | |
| Young Chefs Academy | 10 years |
| Huntington Learning Centers | 10 years |
| Renewal Fee | |
| Young Chefs Academy | |
| Huntington Learning Centers | up to $20K |
Business Experience Requirements |
|
| Experience | |
| Young Chefs Academy | *Franchisees must live in the market they wish to operate. *You must have a minimum of $72,000.00. *We carefully consider your personal experience and people skills. *You must understand the unique attributes of operating a business within a franchise system. *You need to be able to execute a franchise agreement within 3 months from the initial request for consideration to begin the qualification process. |
| Huntington Learning Centers | General business experience |
Financing Options |
|
| Franchise Fees | |
| Young Chefs Academy | No |
| Huntington Learning Centers | No |
| Start-up Costs | |
| Young Chefs Academy | |
| Huntington Learning Centers | |
| Equipment | |
| Young Chefs Academy} | |
| Huntington Learning Centers | |
| Inventory | |
| Young Chefs Academy | |
| Huntington Learning Centers | |
| Receivables | |
| Young Chefs Academy | |
| Huntington Learning Centers | |
| Payroll | |
| Young Chefs Academy | |
| Huntington Learning Centers | |
Training & Support |
|
| Training | |
| Young Chefs Academy | Hands on initial training supports our operations manual so that each new franchisee represents our brand to the standard of quality associated with Young Chefs Academy. All new Young Chef Academy Franchise Owners receive on-site training followed by continual training throughout the franchise relationship. Our initial training program is designed to prepare you to furnish you with the right tools to make your dream a reality and allow you to begin your business immediately after you successfully complete your training. |
| Huntington Learning Centers | On-The-Job Training: 16 hours Classroom Training: 155 hours Additional Training: At franchisee's location and online |
| Support | |
| Young Chefs Academy | Through our wide-range of expertise, there is always someone to turn to for answers. |
| Huntington Learning Centers | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Young Chefs Academy | |
| Huntington Learning Centers | Co-op advertising, Ad slicks, National media |
| Operations | |
| Young Chefs Academy | |
| 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) |
Expansion Plans |
|
| US Expansion | |
| Young Chefs Academy | |
| 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 |
| Canada Expansion | |
| Young Chefs Academy | 0 |
| Huntington Learning Centers | |
| International Expansion | |
| Young Chefs Academy | |
| Huntington Learning Centers | |