LearningRx franchise owners provide learning enhancement, cognitive training (also referred to as brain training) and reading training. Is the LearningRxfranchise a great business to own? What should those considering this investment know about LearningRx and its franchise opportunity? See what others are saying and share your opinions below.
(UnhappyFranchisee.Com) LearningRx franchise owners use fun game-like activities that, according to the company, help preschoolers, struggling students and even seniors improve the way they learn and think. LearningRx claims its personal brain training programs are even helping soldiers regain skills they lost after traumatic brain injury.
According to LearningRx franchise marketing:
LearningRx is a world leader in the hot new brain-training industry, with systems proven to be 7x more effective than tutoring. Designed to target key cognitive such as memory, attention, and information-processing speed, LearningRx’s game-like activities help preschoolers, struggling students, and even seniors improve the way they learn and think. LearningRx’s systems are even helping soldiers regain skills they lost after traumatic brain injury. As a LearningRx franchisee, you’ll positively impact lives every day in your community!
According to the 2015 LearningRx Franchise Disclosure Document (FDD), “The total investment necessary to begin operation of a LearningRx Franchise ranges from $102,300 to $200,750 including between $60,000 to $83,000 that must be paid to the franchisor or its affiliate.”
Is the LearningRx franchise a great business to own? Are LearningRx franchisees successful… and happy? What are the potential pros and cons of owning a LearningRx franchise?
We invite those familiar with the LearningRx franchise program (franchisees, instructors, franchise or corporate employees, parents, educators) to share their opinions – positive and negative – with a comment below.
Anonymous comments are welcome; however, please use a valid email address (won’t be publicly visible).
LearningRx Franchise Advantages – Opinions Invited
LearningRx is superior to tutoring
In a nutshell, LearningRx treats the causes rather than the symptoms. Tutoring focuses on reteaching content while LearningRx focuses on why someone didn’t learn the content in the first place… LearningRx develops all of the cognitive skill areas while tutoring solely focuses on stored information…
Detailed financial performance representation (earnings claim) provided
We have recently received kudos from World Franchising for our detailed, transparent earnings claim. You will receive the full earnings… in our Franchise Disclosure Document. You’ll see a full breakdown of expenses, including marketing expenses, as well as a full breakdown of our franchisee’s collections for the previous year and their net profit.
Protected franchise territories
Franchise territories provide protection to the franchise owner to market, grow, and provide services within close proximity of their center location. The territory is designed to create a “buffer zone” between your LearningRx center location and other LearningRx centers in the region.
LearningRx franchisees benefit from a results-driven system that features:
- Award-winning franchisee satisfaction.
- A proven business model.
- Systematic, easy to learn brain-training programs.
- Programs that help build nine major learning skills.
- Curriculum that’s appropriate for all ages which equals huge market potential for your business.
Do you know of other benefits of owning a LearningRx franchise? Share a comment below.
LearningRx Franchise Disadvantages – And Potential Red Flags
Do you know of potential disadvantages of the LearningRx franchise program? Please share below.
Item 20 of the 2015 LearningRx Franchise Disclosure Document (FDD) reveals a high number of franchise closures & terminations, and high franchisee turnover.
During the years 2012, 2013 and 2014, there were a total of 115 active franchise agreements.
31, or 26.95%, of these franchises were terminated, ceased operations, or transferred to other owners.
|Reacquired by franchisor||0|
|Ceased Operations – other reasons||14|
|Transferred to new owners*||13|
* In some cases, a transfer could mean a franchise was sold at a profit, but it often means that an owner exited the system at a loss.
What are the disadvantages of the LearningRx franchise?
Why does it appear that a very high percentage of LearningRx franchisees exit the system before completing the term of their franchise agreements?
Tutoring Franchises Average a High 25.52% Turnover Rate
Unfortunately, it appears that the entire tutoring services and supplemental education segment of the franchise industry is suffering from high franchisee turnover.
The ten largest franchises in this segment average 25.52% turnover, with several (Tutor Doctor, Sylvan, & Club Z) exceeding 30%.
|Mathnasium||17%||JEI Learning Centers||20.23%|
|Huntington||28.9%||The Tutoring Center||25.33%|
Are tutoring franchises – in general – not thriving in today’s marketplace?
Is the tutoring market overbuilt and saturated with tutoring franchises?
Should prospective franchisees stay away from education franchises in general?
Share your opinion below. Company responses, clarifications and corrections are invited and encouraged.
Data Sources for LearningRx and other tutoring franchises are the 2015 Franchise Disclosure Documents, or FDDS, of the respective companies.
More about LearningRx:
TUTORING FRANCHISE Posts
TUTORING FRANCHISE GUIDE (Coming soon)
ARE YOU FAMILIAR WITH LEARNINGRX BRAIN TRAINING AND/OR THE LEARNINGRX FRANCHISE OPPORTUNITY? SHARE A COMMENT BELOW.
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