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Huntington Learning Center franchise financing options
Compare costs, fees and where to get financing for a Huntington Learning Center.
Estimated initial costs
Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Huntington Learning Center franchise may result in higher or lower fees.
Franchise feesHuntington Learning Center franchise fees total around $28,000, which beats out the $37,000 average for the 200 largest franchises nationwide.
|Initial franchise fee||$28,000 to $28,000|
|Estimated total||$28,000 to $28,000|
Equipment feesEquipment fees total $39,730 for Huntington Learning Center. This is less than the $180,023 average for the top 200 franchises.
|Furniture, computers||$33,407 to $38,053|
|Exterior sign||$500 to $7,500|
|Estimated total||$33,907 to $45,553|
Real estate feesReal estate will set you back $43,000 for Huntington Learning Center, thought it's less than the average of $788,376 for the top 200 franchises.
|Architect design||$0 to $5,500|
|Security, utility deposits and license fees||$500 to $3,000|
|Real estate and improvements||$0 to $77,000|
|Estimated total||$500 to $85,500|
Training feesHuntington Learning Center initial training costs total $22,272 — more than the nationwide average of $9,788.
|Travel and living expenses while training||$0 to $4,690|
|Curricula and testing materials||$19,247 to $19,847|
|Training and technology fee||$380 to $380|
|Estimated total||$19,627 to $24,917|
Inventory costsInitial inventory for Huntington Learning Center shakes out to $6,000. This is less than the nationwide average of $53,119.
|Startup supplies||$4,000 to $8,000|
|Estimated total||$4,000 to $8,000|
Marketing costsAdvertisement and marketing costs total up to $19,124 for Huntington Learning Center, which is more than the nationwide average of $9,938.
|Advertising||$19,124 to $19,124|
|Estimated total||$19,124 to $19,124|
Administrative feesHuntington Learning Center administrative fees total up to $6,125 — which comes in under the overall nationwide average of $6,761.
|Interior graphics||$2,175 to $5,875|
|Loan facility fee||$0 to $4,200|
|Estimated total||$2,175 to $10,075|
Other expensesMiscellaneous expenses for Huntington Learning Center total $30,750 — less than the nationwide average of $69,970.
|Professional fees||$500 to $3,000|
|Three months' additional funds||$18,000 to $40,000|
|Estimated total||$18,500 to $43,000|
How to financeSince the estimated total for Huntington Learning Center is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Huntington Learning Center franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Huntington Learning Center about in-house financing for franchisees.
- If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $195,001 estimated opening costs.
- Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
- Once you settle on a lender, gather all required documents, including account statements and assets.
- Apply for financing online or in person as required by the lender.
What types of financing is available?You have several options when it comes to financing a Huntington Learning Center — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
- Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
- Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of Huntington Learning Center opening costs.
- SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Compare small business lendersYou may not need financing to cover the estimated $125,833. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How Huntington Learning Center stacks upCompare how Huntington Learning Center holds up against two similarly sized franchises.
|Home Helpers||Huntington Learning Center||Smashburger|
|Average Franchise fees||$48,900||$28,000||NA|
|Average Equipment fees||$4,500||$39,730||$220,105|
|Average Real estate fees||$1,500||$43,000||$667,128|
|Average Training fees||NA||$22,272||$65,350|
|Average Inventory fees||NA||$6,000||$17,500|
|Average Marketing fees||NA||$19,124||$10,000|
|Average Licenses and permits fees||$7,500||NA||$6,500|
|Average Insurance fees||$5,800||NA||$15,000|
|Average Admin fees||NA||$6,125||NA|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||NA||$30,750||$27,750|
Bottom lineHuntington Learning Center franchise costs run a total of $195,001. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.
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