Buying a tutoring franchise is a money-making business. For one, the influx of students increases yearly, so the demand is high. Secondly, buying a franchise means you no longer have to do the heavy lifting when advertising your business. Finally, technology allows franchisees to diversify and implement hybrid teaching methods, catering to all types of students. Here are 10 tutoring franchises that could make you more money in 2023.
1. Tutor Doctor
Providing tutoring programs for elementary to adult students, Tutor Doctor offers online, in-person, or private tutoring sessions. Investing in Tutor Doctor means you’ll enjoy a low investment fee and a scalable business model. The company offers a well-established entrepreneurial formula, so you only need the grit to make it happen. They do the market expertise and logistics know-how for franchisees.
Estimated franchise cost: $94,295 to $138,995
2. JEI Learning Centers
JEI Learning Centers offers the lowest industry royalty rates, designed for franchisee success. If you want to get in on the incentives, now is the time to buy a JEI Learning Centers franchise. The company offers up to $15,000 worth of incentives for new franchisees.
Estimated franchise cost: $69,500 of liquid capital required
3. School of Rock
If you’re looking to franchise a music school, the School of Rock is your best bet. It’s the most prominent music school franchise in the United States, and the company has since expanded to 15 countries worldwide. School of Rock has amassed more than 55,000 students worldwide and snatched a spot in the 2022 Fastest Growing Franchises in Entrepreneur’s Franchise 500.
Estimated franchise cost: $395,800 to $537,400
4. Mathnasium
Mathnasium’s passion for helping kids love math and numbers is unparalleled. The company boasts over 1,000 locations worldwide, which is still growing. Founded in 2002, Mathnasium helps franchisees make a true and lasting impact on kids. The tutoring business teaches math using fun methods within a relaxing environment that students love.
Estimated franchise cost: $112,860 to $148,655
5. Huntington Learning Center
Since launching, Huntington Learning Center’s unwavering passion for getting kids the best education they deserve has been impressive. For over 45 years, this learning center has helped this five-billion industry reach new heights. Most of Huntington Learning Center’s franchises offer 29 percent higher revenue than the competition’s.
Estimated franchise cost: $148,017 to $263,072
6. Sylvan Learning
You don’t need to look any further if you’re looking to invest in a tutoring business for K-12 students. Sylvan Learning offers enrichment education and personalized supplemental methods with over 750 points of presence globally. The company has perfected its growth plans, consumer model, and business opportunity, opening 55 new franchise stores in 2021 and counting.
Estimated franchise cost: $69,760 to $161,445
7. Gradepower Learning
Investing in Gradepower Learning goes beyond running a tutoring franchise. Expect to work with and get support from a network of Center Directors worldwide. The company assures students and parents to not only teach academics but also offer skills so students can tackle any challenges they face in life.
Estimated franchise cost: $99,800 to $270,500
8. Stemtree
With Stemtree, students will enjoy the science behind the experiments instead of just performing the science experiments. This ensures that students get holistic learning that doesn’t dwell on superficial details alone. Stemtree also teaches computer programming fundamentals in a fun environment. Additionally, Stemtree is an excellent opportunity for investors who want to gain a foothold in this industry with considerable earning potential.
Estimated franchise cost: $69,800 to $179,800
9. Kiddie Academy
Buying tutoring franchises is a bright and lucrative initiative in 2023. However, purchasing a Kiddie Academy franchise will be a life-changing decision for investors. The return on investment in a $57-billion industry is impressive. Moreover, Kiddie Academy has also exemplified the true definition of an educational childcare leader for over 40 years. Although a bit pricier than the other tutoring franchises on this list, you can be sure of brand confidence due to Kiddie Academy’s notable credentials.
Estimated franchise cost: $417,000 to $1,039,000
10. Kumon
Kumon offers the lowest franchise fee out of all the tutoring franchise options on this list. For only $2,000, you can establish a Kumon franchise on top of other expenses. The company also offers up to $36,400 incentives if you open a franchise today. Apart from the high earning potential, investors are assured of the unique Kumon method that students love. For instance, Kumon’s carefully designed worksheets are fine-tuned for every student, considering educational practices and trends that are relevant today.
Estimated franchise cost: $67,428 to $145,640
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