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We are selling the newer of our two centers so that my wife can spend time with her ailing mother.
Location, Location, Location!
The Clear Lake Huntington is in the heart of Clear Lake City, which is home to NASA Johnson Space Center, University of Houston Clear Lake and the highly prestigious Clear Creek Independent School District. The district is known for its high standards and quality of education. And due to its proximity to NASA, science, technology, engineering and math is at the forefront for students. This has given us a lot of tutoring business for the high level math and science classes.
What makes Huntington Learning Center different?
At Huntington Learning Center, we understand that one size does not fit all students, so we offer in-person or online tutoring to fit their individual needs. Our method is a 4-step approach that sets our programs apart from other competitors — and we have 43 years of experience, and countless success stories to prove it. Our comprehensive evaluation pinpoints strengths and weaknesses. Based on the results of the evaluation, our tutors develop a personalized learning plan targeted to meet each student’s needs. Students receive individualized tutoring to help them learn at their pace, on their level, to build skills, confidence, and motivation. We keep parents and teachers (with permission) in the loop with regular conferences to discuss the student’s progress.
Huntington Learning Center has been named #10 on Entrepreneur’s 2020 Top Low-Cost Franchises List for 2020!
Training and Support
The Huntington training department has been awarded Training Magazine’s top 125 training organizations for 2020. The support from the franchisor is outstanding in terms of training, IT and help desk support, coaching and marketing. You won’t have to reinvent the wheel and will have abundant marketing resources at your fingertips!
January 17, 2020 Huntington Learning Center has once again been awarded a spot in Franchise Business Review’s Top 200 Best Franchises to Buy list in 2020. January 31, 2019 Huntington Learning Center is ranked #48 in the 2019 Entrepreneur Top 500 Franchises list. With more than 1,000 companies being reviewed for this list, this a great accomplishment and is a testament to our employees and franchise network. May 8, 2020 Huntington Learning Center has been named #10 on Entrepreneur’s 2020 Top Low-Cost Franchises List for 2020. December 1, 2020 Huntington Learning Center has been named to Franchise Dictionary Magazine’s 2020 Top 100 Game Changers List. December 2, 2020 Huntington Learning Center’s training department has been named a member of the Training Magazine Top 100 list for the second consecutive year.
What does it cost to open a new Huntington Learning Center?
Per the Franchise Disclosure Document, “The total investment necessary to begin operation of a single Huntington Learning Center® franchise is between $110,070 and $225,650.” Our cost was approximately $120,000 for the build out of the center, for the purchase of furniture, labor, professional services, curriculum, marketing materials, phones, computers and Chromebooks. All contents are included in the purchase of the center. The asking price of $20,000 is less than it would cost you to buy the curriculum alone, which costs over $21,000.
Current lease terms of the Clear Lake center:
The current 5-year lease is through March 2024, with a 5-year optional lease extension. Rent is $2,702.00 per month plus CAM.
The business opened mid-March 2019 and had to close mid-March of 2020 due to COVID-19 mandated shutdowns, just when momentum was building. Our trailing 12-month revenue through November 2020 is $135,000 and we are on track to break even for the year. The recent increase in inquiries reflect the failure of online schooling, and we are seeing a significant increase in business.
There is untapped growth potential in the marketing of local area public and private schools, PTAs, booster clubs, churches and area merchants. Owner was inconsistent in marketing and negligent in nurturing these relationships, which are a key ingredient to becoming a top performer in the franchise.
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