The Learning Experience
Child-care servicesBackground
Founded: 1979 Franchising since: 2003
The Weissman family, founders of The Learning Experience, have been providing education-based childcare services for the past 25 years. Following a brief retirement, the Weissmans decided to re-enter the childcare industry in 2000, building on their experience to create The Learning Experience. The company began franchising in 2003 and has extended its curriculum to include extensive enrichment programming.
Franchisor has 150 employee(s); 3 employee(s) in franchise department.
Franchise Growth
Where Seeking Franchisees
In the U.S. Midwest, Northeast
Outside the U.S.: Asia, Australia/new zealand, Canada, Eastern europe, Western europe
Exclusive territories available.
The Weissman family, founders of The Learning Experience, have been providing education-based childcare services for the past 25 years. Following a brief retirement, the Weissmans decided to re-enter the childcare industry in 2000, building on their experience to create The Learning Experience. The company began franchising in 2003 and has extended its curriculum to include extensive enrichment programming.
|
1190 Headquarters Plaza Morristown, New jersey 07960 |
Phone: (888)865-7775/ (973)539-5392 |
Franchisor has 150 employee(s); 3 employee(s) in franchise department.
Franchise Growth
| Year | U.S. Franchises | Canadian Franchises | Foreign Franchises | Company Owned |
| 2009 | 64 | 0 | 0 | 12 |
| 2007 | 22 | 0 | 0 | 10 |
| 2006 | 14 | 0 | 0 | 7 |
| 2005 | -- | -- | -- | -- |
Where Seeking Franchisees
In the U.S. Midwest, Northeast
Outside the U.S.: Asia, Australia/new zealand, Canada, Eastern europe, Western europe
Exclusive territories available.
Costs and Fees
|
Total investment: $150K-2M Franchise fee: $60K |
Ongoing royalty fee: 6% Term of agreement: 15 years, renewable |
Type of Financing Available
| In-House | Third Party | |
| Franchise Fee | No | Yes |
| Startup Costs | No | Yes |
| Equipment | No | Yes |
| Inventory | No | No |
| Accounts Receivable | No | No |
| Payroll | No | Yes |
Third-party financing source(s): the SBA
Qualifications
Net worth requirement: $500K
Cash liquidity requirement: $150K
Operations
- 25% of all franchisees own more than one unit
- Number of employees needed to run franchised unit: 10 - 20
- Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)
Training and Support
Training
Ongoing Support
Marketing Support
- Available at headquarters: 2 weeks
- At franchisee's location: 2 weeks
Ongoing Support
- Newsletter
- Meetings
- Grand opening
- Internet
- Security/safety procedures
- Field operations/evaluations
Marketing Support
- Ad slicks
- National media
- Regional advertising