Huntington Learning Center: Difference between revisions
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In 2000, Huntington defaulted on payments to some of its creditors which filed a court petition seeking involuntary Chapter 7 bankruptcy. Huntington fought the petition and repaid the creditors. The company subsequently slowed its growth and sold some of its company-owned stores.<ref name="fundinguniverse" /> |
In 2000, Huntington defaulted on payments to some of its creditors which filed a court petition seeking involuntary Chapter 7 bankruptcy. Huntington fought the petition and repaid the creditors. The company subsequently slowed its growth and sold some of its company-owned stores.<ref name="fundinguniverse" /> |
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In 2012 they rebranded as Huntington Your Tutoring Solutions.<ref name="rebr">{{cite news |last1=Elliott |first1=Stuart |title=In Ads, Learning Problems Get a ‘Solution’ |url=https://www.nytimes.com/2012/01/23/business/media/in-ads-learning-problems-get-a-solution.html?_r=1&scp=1&sq=huntington&st=cse |access-date=14 December 2020 |work=The New York Times |issue=23 January 2012}}</ref> |
In 2012 they rebranded as Huntington Your Tutoring Solutions.<ref name="rebr">{{cite news |last1=Elliott |first1=Stuart |title=In Ads, Learning Problems Get a ‘Solution’ |url=https://www.nytimes.com/2012/01/23/business/media/in-ads-learning-problems-get-a-solution.html?_r=1&scp=1&sq=huntington&st=cse |access-date=14 December 2020 |work=The New York Times |issue=23 January 2012}}</ref> |
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== Franchises == |
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Huntington Learning Center won multiple awards for their successful business concept, such as being listed on Entreprenuer's 2016 Top 500 Fastest Growing Franchises<ref>{{Cite web|title=2016 Fastest-Growing Franchises (Worldwide) Ranking|url=https://www.entrepreneur.com/franchises/fastestgrowing/2016|access-date=2021-06-09|website=Entrepreneur|language=en}}</ref>, Entrepreneur's 2017 Top 500 Franchises<ref>{{Cite web|last=Herold|first=Tracy Stapp|date=2017-03-30|title=Entrepreneur Magazine's Top New Franchises of 2017|url=https://www.entrepreneur.com/article/290464|access-date=2021-06-09|website=Entrepreneur|language=en}}</ref>, and in 2016 and 2017, making the Top 50 Satisfaction Franchisee Awards.<ref>{{Cite web|date=2021-04-21|title=Huntington Learning Center Franchise Review (2020)|url=https://www.vettedbiz.com/huntington-learning-center-review-2020/|access-date=2021-06-09|website=Vetted Biz|language=en-US}}</ref> The initial franchise fee for a Huntington Learning Center is $28,000, their royalty fee is 9.5%, and their advertisement fee is 2%. In 2018, their average gross revenue was around $500,000.<ref>{{Cite web|date=2021-04-21|title=Huntington Learning Center Franchise Review (2020)|url=https://www.vettedbiz.com/huntington-learning-center-review-2020/|access-date=2021-06-09|website=Vetted Biz|language=en-US}}</ref> |
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==See also== |
==See also== |
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Revision as of 00:54, 9 June 2021
 | This article needs additional citations for verification. (October 2009) |
| Company type | Private |
|---|---|
| Industry | Education, Tutoring |
| Founded | 1977 |
| Headquarters | Oradell, New Jersey, United States |
| Website | huntingtonhelps |
Huntington Learning Center is a franchise of educational learning centers in the United States offering in-center and online tutoring services. Huntington is the oldest provider of supplemental educational services for primary and secondary students in the United States.[citation needed] It offers reading, writing, mathematics, phonics, and study skills instruction, math and science subject tutoring, as well as test preparation for the SAT, PSAT, ACT, GED, Regents, ASVAB, AP Exams, high school entrance exams and more. Huntington Learning Centers, Inc., located in Oradell, New Jersey, is the parent company that franchises learning center locations.
History
Huntington Learning Center was founded in 1977 by Dr. Raymond Huntington and his wife Eileen. The couple opened a second center in 1978 and began franchising locations in 1985. The company grew aggressively during the 1980s and 1990s, and by 1999, the chain had opened 200 units. [1]
In 2000, Huntington defaulted on payments to some of its creditors which filed a court petition seeking involuntary Chapter 7 bankruptcy. Huntington fought the petition and repaid the creditors. The company subsequently slowed its growth and sold some of its company-owned stores.[1] In 2012 they rebranded as Huntington Your Tutoring Solutions.[2]
Franchises
Huntington Learning Center won multiple awards for their successful business concept, such as being listed on Entreprenuer's 2016 Top 500 Fastest Growing Franchises[3], Entrepreneur's 2017 Top 500 Franchises[4], and in 2016 and 2017, making the Top 50 Satisfaction Franchisee Awards.[5] The initial franchise fee for a Huntington Learning Center is $28,000, their royalty fee is 9.5%, and their advertisement fee is 2%. In 2018, their average gross revenue was around $500,000.[6]
See also
References
- ^ a b "Huntington Learning Centers, Inc.—Company History". FundingUniverse. Retrieved October 17, 2009.
- ^ Elliott, Stuart. "In Ads, Learning Problems Get a 'Solution'". The New York Times. No. 23 January 2012. Retrieved 14 December 2020.
- ^ "2016 Fastest-Growing Franchises (Worldwide) Ranking". Entrepreneur. Retrieved 2021-06-09.
- ^ Herold, Tracy Stapp (2017-03-30). "Entrepreneur Magazine's Top New Franchises of 2017". Entrepreneur. Retrieved 2021-06-09.
- ^ "Huntington Learning Center Franchise Review (2020)". Vetted Biz. 2021-04-21. Retrieved 2021-06-09.
- ^ "Huntington Learning Center Franchise Review (2020)". Vetted Biz. 2021-04-21. Retrieved 2021-06-09.
Further reading
- Adler, Jerry (March 30, 1998). "The Tutor Age". Newsweek: 46.
- Bowen, Ezra (February 3, 1986). "Teaching the Three Rs for Profit". Time: 70.
- Miller, Bruce (July 16, 2001). "New Jersey Firm Seeks Dismissal, Change of Venue". Daily Record. p. A3.
- Walsh, Mark (January 23, 2002). "Tutoring Services See Opportunity in New Law". Education Week: 19.