- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$153K - $223K
- Units as of 2024
-
46 6% over 3 years
LearningRx is a training center that uses activities to build up an individual's intellectual skills. A main difference between the LearningRx method and regular tutoring may be that LearningRx focuses on identifying the skills behind learning and reinforcing them. Regular tutoring tends to focus on retaining information.
LearningRx was founded in 1986 and started franchising in 2003. However, its methods and programs result from a long developmental process dating back to the 1960s. LearningRx improved this trial and error process until its outcome was scientifically demonstrable and franchisable.
Why You May Want to Start a LearningRx Franchise
LearningRx typically shows results in improving major skills performed by the brain, such as memory, speed, and attention. If you are looking for a transformative, professional, and top educational company with which to open a franchise, then LearningRx might be the right choice for you.
Being a franchisee with this company might give you a proven business model, systematic training programs that are effective on the brain, and a curriculum that fits most ages. As a franchisee, you might also have access to the company's web portal, where you may learn about franchisees' sales figures and business strategies to help you better position your business in your local market.
What Might Make a LearningRx a Good Choice?
To be part of the LearningRX team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. You should also prepare yourself for ongoing fees that will include advertising, royalty, and renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements. Additional costs may include the initial training and material fee, opening and inventory expenses, computer equipment, proprietary software costs, and more. The financial investment size may also depend on the size of the territory you franchise.
LearningRx has partnered with third party financial lenders that may offer help covering the franchise fee, startup cost, equipment, inventory, and payroll.
LearningRx also may provide franchisees with an extensive support system, including comprehensive initial training, designed market materials, and advertising support to promote your new center.
How To Start a LearningRx Franchise
As you decide if opening a LearningRx franchise is the right decision for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a LearningRx franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible franchise growth.
Also, before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. Speak to existing franchisees and the executive team during the franchising process to get a first-hand account of what it means to operate with the LearningRx brand.
If you are interested in opening a LearningRx franchise, you may submit a franchise request form. If you are seen as a good fit, a LearningRx franchise representative may reach out to you to begin the process.
Company Overview
About LearningRx
| Industry | Children's Businesses |
|---|---|
| Related Categories | Children's Enrichment Programs: Miscellaneous, Miscellaneous Children's Businesses, Tutoring, Children's Education/Enrichment |
| Founded | 1986 |
| Parent Company | LearningRx Inc. |
| Leadership | Kim Hanson, CEO |
| Corporate Address |
6385 Corporate Dr., #101 Colorado Springs, CO 80919 |
| Social | Facebook, Twitter, LinkedIn, Instagram, YouTube |
Business Overview
| Franchising Since | 2003 (22 years) |
|---|---|
| # of employees at HQ | 15 |
| Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises in the following international regions: Canada |
| # of Units | 46 (as of 2024) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a LearningRx franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$30,000 - $45,000 |
|---|---|
|
Initial Investment
|
$153,000 - $223,000 |
|
Net Worth Requirement
|
$185,000 - $250,000 |
|
Cash Requirement
|
$58,000 - $85,000 |
|
Veteran Incentives
|
10% off franchise fee |
|
Royalty Fee
|
7%-8% |
|
Ad Royalty Fee
|
3% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | LearningRx has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory, accounts receivable, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 30+ hours |
|---|---|
| Classroom Training | 38+ hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
Yes |
| # of employees required to run | 8-16 |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where LearningRx landed on this year's Franchise 500 Ranking versus previous years.
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