- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$75K - $151K
- Units as of 2015
-
10
Company Overview
About Athena Learning Centers
Industry | Children's Businesses |
---|---|
Related Categories | Tutoring |
Founded | 2011 |
Parent Company | Athena North America, LLC |
Leadership | Mark Mele, Founder and CEO |
Corporate Address |
103 Carnegie Center, #300 Princeton, NJ 08540 |
Social | Facebook, Twitter |
Business Overview
Franchising Since | 2012 (12 years) |
---|---|
# of employees at HQ | 2 |
# of Units | 10 (as of 2015) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Athena Learning Centers franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$2,500 - $30,000 |
---|---|
Initial Investment
|
$75,188 - $150,763 |
Net Worth Requirement
|
$10,000 - $300,000 |
Cash Requirement
|
$10,000 |
Veteran Incentives
|
10% off franchise fee |
Royalty Fee
|
7% |
Ad Royalty Fee
|
2% |
Term of Agreement
|
5 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Athena Learning Centers has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
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Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 2 weeks |
---|---|
Classroom Training | 1 week |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
|
Marketing Support |
Regional Advertising
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
---|---|
Can this franchise be run from home/mobile unit?
|
Yes |
Can this franchise be run part time?
|
No |
Are exclusive territories available?
|
Yes |
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