Start-Up Costs and Fees |
||
| The Mad Science Group | Huntington Learning Centers | |
| Investment | 74050 - 110459 | 133458 - 276669 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 8% | 9.50% |
| Advertising Fee | 2% | |
| Year Founded | 1985 | 1977 |
| Year Franchised | 1995 | 1985 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Mad Science Group | Huntington Learning Centers | |
| Experience | Industry experience General business experience Marketing skills | General business experience |
Financing Options |
||
| The Mad Science Group | 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 |
||
| The Mad Science Group | Huntington Learning Centers | |
| Training | On-The-Job Training: 16 hours Classroom Training: 155 hours Additional Training: At franchisee's location and online | |
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Co-op advertising, Regional advertising | Co-op advertising, Ad slicks, National media |
| Operations | Franchise can be run from home. 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 30 Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators) | 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 |
||
| The Mad Science Group | 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| The Mad Science Group | |
| Huntington Learning Centers | |
| Franchise Fee | |
| The Mad Science Group | |
| Huntington Learning Centers | |
| Royalty Fee | |
| The Mad Science Group | 8% |
| Huntington Learning Centers | 9.50% |
| Advertising Fee | |
| The Mad Science Group | |
| Huntington Learning Centers | 2% |
| Year Founded | |
| The Mad Science Group | 1985 |
| Huntington Learning Centers | 1977 |
| Year Franchised | |
| The Mad Science Group | 1995 |
| Huntington Learning Centers | 1985 |
| Term Of Agreement | |
| The Mad Science Group | 25 years |
| Huntington Learning Centers | 10 years |
| Renewal Fee | |
| The Mad Science Group | |
| Huntington Learning Centers | up to $20K |
Business Experience Requirements |
|
| Experience | |
| The Mad Science Group | Industry experience General business experience Marketing skills |
| Huntington Learning Centers | General business experience |
Financing Options |
|
| Franchise Fees | |
| The Mad Science Group | No |
| Huntington Learning Centers | No |
| Start-up Costs | |
| The Mad Science Group | |
| Huntington Learning Centers | |
| Equipment | |
| The Mad Science Group} | |
| Huntington Learning Centers | |
| Inventory | |
| The Mad Science Group | |
| Huntington Learning Centers | |
| Receivables | |
| The Mad Science Group | |
| Huntington Learning Centers | |
| Payroll | |
| The Mad Science Group | |
| Huntington Learning Centers | |
Training & Support |
|
| Training | |
| The Mad Science Group | |
| Huntington Learning Centers | On-The-Job Training: 16 hours Classroom Training: 155 hours Additional Training: At franchisee's location and online |
| Support | |
| The Mad Science Group | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations |
| Huntington Learning Centers | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| The Mad Science Group | Co-op advertising, Regional advertising |
| Huntington Learning Centers | Co-op advertising, Ad slicks, National media |
| Operations | |
| The Mad Science Group | Franchise can be run from home. 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 30 Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators) |
| 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 | |
| The Mad Science Group | |
| 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 | |
| The Mad Science Group | |
| Huntington Learning Centers | |
| International Expansion | |
| The Mad Science Group | |
| Huntington Learning Centers | |