Eye Level Learning Center Franchise Startup Cost, Revenue and Profit Margin
Eye Level is a medium where self-directed learning takes place. The company nurtures critical thinkers, problem solvers, and lifelong learners.
Eye Level offers an effective and innovative teaching system in a cozy and fun-filled environment, where personalized academic learning, critical thinking self-directed learning are utilized to assist children to improve in their academics.
The company has been a preferred educational institute for children and a lot of parents want their kids to have the best learning experience and so they want to know how much an Eye Level Learning Center franchise is?
FRANCHISE INFORMATION ABOUT THE COMPANY
Eye Level was founded in Korea in the year 1976 and they have a tutorial center in more than 16 countries of the world. The education institute was founded and used techniques developed by Dr. Young Joong Kang.
They expanded into the United States and created Daekyo America.
Their center focuses on the development of the key learning center in the brains of growing children, by applying techniques that are way different from what is obtainable in the regular educational system.
All over the world, they have about 2 million students enrolled in their programs at about 1, 100 centers. The United States alone has about 25% of the centers they institute has across the world.
The program utilized English instructions, speaking, writing, reading and listening well emphasized for these skills to be well translated into greater understanding in subsequent learning.
IS EYE LEVEL LEARNING CENTER A FRANCHISE?
With the total number of centers that the learning institute has across the country. One question in the mind of parents is “is Eye Level learning center a franchise?” Yes, the center is a franchise and they have been selling franchise opportunities since the year 1976.
They also boast of a high performing franchise model that has been proven to be so effective.
HOW MUCH DOES AN EYE LEVEL LEARNING CENTER FRANCHISE COST?
The Eye Level Franchise cost is the total of the necessary expenses that are needed to be made to own a franchise unit with the company.
Every prospective franchisee will be required to have a net worth requirement of about $200,000 and a liquid capital of about $100,000 for them to be able to buy into the Eye Level Franchise opportunity.
THE EYE LEVEL FRANCHISE FEE
For a potential franchisee to own a franchise with the center, they will need to make an Eye Level Franchise fee, which is the payment that needed to be made to grant them the license to operate under the identity of the company.
The initial franchise fee is $20,000. There is also a mandatory ongoing royalty fee of about 5% and an ad royalty fee of 2% of the gross revenue of the franchise unit every month.
SYSTEM OF OPERATION AT EYE LEVEL LEARNING CENTER
The educational approach that Eye Level Learning Center applies is what differentiates them from a regular educational program. They have been able to make a unique and maximum impact for about 40 years.
The focus of the learning center is in the areas of English and Mathematics and the systematic approach they utilize is the individualized system of learning: every student is taught and mentored based on their level of understanding.
This triggers critical thinking and development in the individual and it is the advantage this kind of learning has over the conventional method of teaching that is applicable in regular educational centers.
HOW MUCH DOES AN EYE LEVEL LEARNING CENTER FRANCHISE MAKE
An Eye Level Learning center franchise owner will be responsible for the amount of money they make in their business as this will be determined by so many factors, which will include the location of the center, the utilization of the Eye Level Business Model, and the skill level of the staff members that run the particular center.
This figure is not disclosed, but information about the average income that an Eye Level Franchisee makes can be gotten from the company.
TRAINING AND SUPPORT
The franchisee is expected to undergo compulsory training before the franchise until is launched. The training is held at the company’s head office and franchisees will need to complete range a Self-Directed Learning before making the trip to attend the physical training at the company’s designated training center.
Eye Level Learning center does not offer any form of direct funding to its franchisees. Franchisees that need extra funding and are qualified for this can be directed to any of their 3rd party partners that give finances to startups.
TERMS OF AGREEMENT
The initial period of the franchise agreement is 5 years, which takes effect from the date that the Franchise agreement is signed. The franchise term is renewable after the expiration of the initial 5-year term for another 5-year term if the franchisee can meet with the Eye Level’s terms for franchise renewal.
HOW TO OPEN AN EYE LEVEL LEARNING CENTER FRANCHISE
To open an Eye Level learning center franchise, the application will be submitted on the company’s website. This must have been after the prospect has confirmed their eligibility for the franchise.
Once the company receives the application and they can pass the prospect, they will assign to them a franchise manager who will assist the franchisee to set up their new franchise unit.