Why a Franchise? Why LearningRx?
There are many reasons. Most revolve around the increased probability
that the business will succeed and provide profits to the owner
in a shorter time frame than an independent business. This allows
the owner to address her/his personal goals both financially and
personally. We would add that only through a LearningRx Franchise
are the unique, unmatched, and most effective products of its kind
available - which gives each franchisee an important advantage over
any competitor.
 Lower
Costs Than an Existing Business
When buying an existing company, you will usually pay the seller
2.5 to 3.5 times its earnings. Starting a franchise is almost always
less expensive. Estimated start-up costs, including the franchise
fee, for a LearningRx Center range from $95K to $125K.
Less
Risk Than an Independent Start-Up
Napoleon Hill, in his classic book "Think & Grow Rich"
suggests that one spend 3 to 5 years as an apprentice in an industry
before considering owning a venture in that field. Buying a franchise
eliminates this need and puts you on the road to success quickly.
Compare the first year income between those who licensed only
our product in the past versus a franchisee who licenses both our
product and business systems.
Gain
Advice on Site Selection, Unit Design, Operations, Capitalization
and Marketing
A good franchisor provides instruction and support on ALL aspects
of running a business in its industry. It's as though you are hired
and trained to open a branch for a major national company--Except
that you OWN the "branch". LearningRx provides support
on all aspects of running a business.
Receive
a Proven, Profitable System for Doing Business
When you've had a chance to talk to other franchisees, you'll recognize
how important it is to have a system to follow for your venture.
A plan is easily worth $100,000 or more. Luckily, franchisors typically
charge half that for an initial fee (similar to a down payment)
and then receive a percentage of sales as an ongoing royalty for
the use of their name and business system. These are good investments
in return for the improved probability of success; the quicker sales
growth curve; the research and development of future products and
services offered by the franchisor; and the business plan.
Benefit
from Quality Research & Development
Most small business owners are just too busy making money to research
the future trends in the industry and develop new products or services
to meet the needs of their customers. A franchisor will always be
searching for ways to make its network more successful. We spend
over 25% of our time on product and service development and research.
Gain
Access to Trained Support Personnel
Your royalties and advertising fees provide regular improvements
in the franchisor's systems and these are provided to you for implementation
in your venture. Just as our student results are unmatched,
you'll find our support and devotion to assist you is also unmatched.
Quicker
Start-Up Than Independents
A proven plan out paces an independent's hit & miss operation
almost every time. Looking at just independents that succeed--you'll
find that franchises grow quicker, reach break-even sooner and succeed
more regularly than others in the same industry.
Results from a survey of more than 1000 Franchisees
by the Franchise Times Magazine
- 94% considered their franchises successful.
- 75% said they'd "do it all again".
- 6% reported unhappiness with their franchisor.
- Been in franchising an average of 8.9 years.
- Owned an average of 3.5 units.
- The average pre-tax income was $171,000, that is a pre tax
net earnings of $50,000 per unit.
- Average initial start-up cost was $151,000.
- Total Gross Sales through Franchised businesses exceed $800
BILLION! That's 35% of all U.S. retail sales & services!!
- A new franchise opens every 8 minutes of each business day.
- Studies prove that franchises survive! Government studies show
that 77% of independent businesses close their doors within 5
years of opening. Only 8% of franchises close in the same time
period. That's only 10% of the failure rate of independents!!
The above reflects an average franchise. We believe that as you
investigate us in the next few weeks, you will learn that a LearningRx
Center franchise is an extraordinary opportunity. Our
extraordinary programs can provide you the possibility of extraordinary
satisfaction and success.
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