While much of the rest of the economy contracted in 2008, the tutoring and test prep industry grew every year based on Anything Research’s 2015 report—as of 2014, it is a $4.3B industry. According to the New York Times, the industry seems “immune to recession.”
Huntington Learning Center is the leader in this strong industry—their average franchise owner earns 61% more revenue than the closest competitor. They average $495,000 a year, you can get started for under $100,000 and no previous education experience is required. Eileen and Ray Huntington, the co-founders who helped pioneer the industry and still own and manage their company, attribute the industry’s consistent growth to the fact that parents will always prioritize their children’s education.
Huntington’s industry leadership stems from a student-focused approach—by delivering great student results, the financial success follows. Huntington students achieve a full school year equivalent of math and reading growth in just 3 months of tutoring. On the test prep side, their students see an average of 192 point gains on the SAT or 4.2 points on the ACT in just two and a half months of tutoring—these are the sort of gains that change the whole tier of school a student can go to, and can also yield scholarship dollars. To deliver these student and financial results, Huntington offers their franchisees world class support. As a recent franchise owner said, “As a business, if you follow the Huntington system and put in the time, your center will be highly profitable.”