How Much Does a Elite Tutoring Place Franchise Cost?
Data from the 2023 Franchise Disclosure Document
Investment Summary
Total Investment
$47K – $93K
Franchise Fee
$25K
Royalty
$300 per month for first 12 months; $600 per month for the remainder of the term
Ad Fund
N/A
Cost Breakdown
Initial Franchise Fee
The initial franchise fee for Elite Tutoring Place is $25K. This one-time payment covers the right to operate under the brand, access to proprietary systems, and initial training programs.
Total Investment Range
Opening a Elite Tutoring Place franchise requires a total investment of $47K – $93K. This range typically includes real estate or leasehold improvements, equipment and fixtures, initial inventory, signage, insurance, and working capital to sustain operations during the ramp-up period.
Working capital alone ranges from $4K to $8K.
Ongoing Costs
Beyond the initial investment, Elite Tutoring Place franchisees pay ongoing fees. The royalty structure is: $300 per month for first 12 months; $600 per month for the remainder of the term.
Net Worth & Liquid Capital Requirements
Elite Tutoring Place requires working capital of $4K – $8K to cover initial operating expenses. This is the liquid cash you should have available beyond the franchise fee and buildout costs.
What Can You Earn?
Elite Tutoring Place does not disclose earnings data in Item 19 of its Franchise Disclosure Document. Not all franchisors choose to publish financial performance representations, though this is a data point many prospective franchisees consider important.
Next Steps
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