FranchiseVerdict
Huntington Learning Center logo
FV-01252·STRONGExcellent95

Huntington Learning Center

Education - Tutoring & Test PrepFranchising since 1985Website
Investment
$164K – $302K
64th pct Tutoring & Te…
Avg revenue
$561K
24th pct Tutoring & Te…
Royalty
9.5%
46th pct Tutoring & Te…
Units
275
91st pct Tutoring & Te…
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $164K – $302K including a $36K franchise fee, 9.5% ongoing royalty.
  • Average unit revenue of $561K/year (median $482K).
  • Rated STRONG with a risk score of 50/100. SBA loan default rate of 0.0% across 281 loans (below the industry average).

Item 1 · who you're contracting with

The Franchisor

Legal entity
Huntington Learning Centers, Inc.
Parent company
Rare Holdings, Inc.
Incorporated in
Delaware
HQ
496 Kinderkamack Road, Oradell, New Jersey 07649
Auditor
WithumSmith+Brown, PC
Audited financials
Franchisor revenue
$21.3M
vs $23.2M prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one Huntington Learning Center unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $561,327
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: education
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $164K–$302K
Working capital
$
FDD reports $26K–$28K

Unlevered ROIC · per unit

25%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$65K
EBITDA margin
11.5%
Total invested
$260K
Payback
48 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Huntington Learning Center units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$505K

on $2.5M purchase

Total debt

$2.0M

SBA $1.3M + senior + seller note

Overview

About

Franchisees operate learning centers providing tutoring, test preparation, and academic enrichment services to K-12 students. Day-to-day operations include managing tutoring staff, scheduling student sessions, conducting assessments, marketing to local families, and maintaining center facilities. Revenue depends on student enrollment, retention, and session frequency across multiple subject areas.

CEO
Eileen C. Huntington
Founded
1977
FDD year
2024
States available
39

Item 7 · what it costs

The Vitals

Total investment
$164K – $302K
All-in to open one unit
Liquid capital
$26K – $28K
Cash you must have on hand
Franchise fee
$36K
Royalty
9.5%
Gross Revenue · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
11.5%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$561K
Per unit, per year
Median gross sales
$482K
Item 19 type
Actual
Sample size
250 units
vs category median 12 · large
Range (low → high)
$53K$3.0M
Cohort dispersion
Transparency
5 / 5
vs category median 4 / 5 · above
Revenue rank24th
vs Education - Tutoring & Test Prep peers
Investment cost rank64th
Lower investment ranks lower (better)
Royalty rate rank46th
Lower royalty = lower percentile (better)
Unit count rank91th
vs Education - Tutoring & Test Prep peers
Risk score rank23th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
275
Opened
3
Last reporting year
Closed
9
Turnover rate
3.3%
Company-owned
6
Corporate units in the system
% franchised
98%
vs corporate-owned
Net growth (yr3)
-2.5%
Net unit change last year
3-yr CAGR
-2.9%
Compounded over last 3 years
2022
269-7
Franchised units
2023
276
Franchised units
2024
277
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 13 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 13 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
281
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

50
Risk · 0-100
STRONG50 / 100

Huntington Learning Center presents CAUTION-to-HIGH RISK due to contracting unit base, undisclosed profitability metrics, litigation history, and high royalty burden relative to average revenue.

Score breakdown · what drove the 50 / 100 rating

  1. 01MEDUnit decline of 2.5% YoY indicates shrinking franchise system with potential saturation or performance issues
  2. 02HIGHLitigation history includes fraud/misrepresentation allegation (settled 2023) suggesting franchisor-franchisee trust concerns
  3. 03MEDAverage Net Income not disclosed in Item 19 prevents accurate ROI analysis on $163k-$302k investment
  4. 04MED9.5% royalty on $561k average revenue equals ~$53k annual fee, leaving limited margin for operating costs and profit
  5. 05MINORHigh initial investment ($36k franchise fee + $163k-$302k startup) with no profitability transparency creates significant financial risk
  6. 06MINOR10-year term commitment in declining system reduces exit flexibility if unit economics deteriorate further

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Radius
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Not allowed
Litigation count
2
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
No
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Delaware

Item 11

Training & Operations

Classroom training
80 hrs
On-the-job training
0 hrs
POS system
LCOS
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

100 numbers

Locked
(407) 789-••••
FL
(407) 703-••••
FL
(847) 398-••••
IL

One-time purchase · CSV download · Validation questions included

FDD download

Huntington Learning Center · FDD (2024) PDF

Single-page checkout · instant download · CSV export of contacts available separately above