Start a LearningRx Franchise in 2024

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 (21 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 Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$30,000 - $45,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$153,000 - $223,000
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$185,000 - $250,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$58,000 - $85,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	10% off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	7%-8%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	3%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	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? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	Yes
# of employees required to run	8-16
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes