LearningRx Franchise Ownership FAQs
Do I need an education or professional background to qualify as a LearningRx franchisee?
Our franchisees have come from a variety of backgrounds! Although we are an education franchise, you don’t need an education or special degree to successfully run a LearningRx center. The most important factors for qualification are your ability to market to generate prospects, network to drive referrals, confidently sell programs, and manage business finances. And – of course – a passion to change lives. If you have transferable skills from a past or current job, volunteer leadership position, or from owning your own business, we would love to talk with you.
Are LearningRx centers profitable?
With so many struggling students in every community as well as the big results LearningRx programs get, there is a lot of opportunity when franchising with LearningRx. Each franchisee’s ability to drive new business and manage expenses determines their individual level of profitability. The business model makes room for an owner-operator to pay themselves a salary plus profit, which makes LearningRx a competitive education franchise.
How does LearningRx differ from tutoring franchises?
While LearningRx centers see many of the same students that a tutoring center franchise would see, what we do is very different. There is a strong correlation between student performance and cognitive skills. LearningRx is the only franchise opportunity that tests clients’ brain skills AND targets the root cause of learning struggles the way we do. Many families that have tutored for years say that LearningRx was the best investment they ever made! In addition to our unique programs, we also serve adults.
How much does a LearningRx franchise cost?
We’re in the same ballpark as many tutoring franchises and child franchises; in fact, we may offer lower startup costs comparatively. We estimate the total initial investment (including your fees, first few months of marketing, getting a location ready, hiring staff, working capital etc.) to be $175,000. Many of our franchisees either self-finance with assets of their own or get a small business loan.
What are your fees?
Franchisees pay a $35,000 franchise fee and royalty of 8%. We’ll be sure to walk through all our competitive fees and obligations during your Franchise Disclosure Document call.
How do I know that brain training really works?
Unlike other education or tutoring franchises, LearningRx programs are backed by more than 13 peer-reviewed, published studies that validate that we do what we say we do. When surveyed, our graduate families give us a 9.6/10 on how likely they are to refer a friend or family member to LearningRx! We have served over 109,000 clients and completed more than 6 million brain training sessions to date.