Eye Level Learning Center
Eye Level Learning Center offers educational programs in mathematics and English for students from pre-school to high school. Known for its structured learning methods, it operates as a franchised learning center focusing on academic development.
Eye Level Learning Center franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment necessary to begin operation of an Eye Level franchised business ranges from $49,968 to $133,200. This includes a mandatory payment of $4,100 to $6,100 to the franchisor or its affiliates [p.1].
What is the initial franchise fee?
The initial franchise fee currently stands at $1,000 [p.13]. This fee is non-refundable and must be paid upon signing the Franchise Agreement [p.13].
What are the ongoing royalty and advertising fees?
The ongoing royalty fee is based on the number of enrolled students in the franchisee's operations. There is no specific mention of an additional separate advertising fee, but the franchisee must follow guidelines for local advertising and promotion, which may include using designated notices of the company’s website domain name [p.100].
How long is the initial franchise agreement, and can I renew it?
The duration of the initial franchise agreement and the renewal process are not specified in these excerpts. This isn't specified in the excerpts.
Can I sell or transfer my franchise, and what does that require?
You can sell or transfer your ownership interest in the franchise, but it must be approved by the franchisor for good cause [p.5]. Additionally, if you are transferring a non-controlling ownership interest (less than 51%), the proposed transferee and its owners must meet certain standards set by the franchisor [p.104]. For transfers of control, both parties would need to sign the current franchise agreement and related documents, which may differ from your existing ones [p.105].
On what grounds can the franchisor terminate the agreement?
The franchisor may terminate the agreement on any grounds available by law [p.196]. Additionally, if a franchisee fails to comply with lawful provisions of the franchise agreement and does not cure such failure after being given written notice and a reasonable opportunity (not exceeding 30 days) to do so, this can be considered good cause for termination [p.203].
What financial requirements — net worth and liquid capital — do I need to qualify?
This isn't specified in the excerpts. The provided FDD does not detail specific financial requirements such as net worth or liquid capital that you need to meet to qualify for the franchise.
Do I get an exclusive or protected territory?
No, you do not receive an exclusive territory. According to the FDD excerpts, there is no protected territory provided [p.75, p.45, p.179]. You may face competition from other franchisees, outlets owned by the company, and other channels of distribution or competitive brands that the company controls [p.45, p.179].
What training and ongoing support does the franchisor provide?
The franchisor provides initial training programs including Foundational and Intensive training [p.49], which must be satisfactorily completed by both the franchisee or Operating Principal, and the Center Director (if not the Operating Principal) before the Learning Center can begin operating [p.39]. Additional support is also provided closer to or at the opening of the Learning Center [p.39]. Ongoing support includes training for up to two attendees at a cost of $1,000 per attendee, with the first training fee potentially credited towards the franchise fee upon signing the agreement [p.143].
How many franchised outlets are there, and how many have closed or been terminated?
This isn't specified in the excerpts.
Does the franchisor share any financial performance or earnings information?
The franchisor does not make any representations about future financial performance or past financial performance of company-owned or franchised outlets, either orally or in writing [p.55]. However, if you are purchasing an existing outlet, they may provide actual records of that specific outlet's performance [p.55]. Any other financial information received should be reported to the franchisor and relevant regulatory bodies [p.55].
What am I restricted to selling, and where must I buy supplies?
You are required to use only the instructional materials supplied by Eye Level Learning Centers during the franchise term [p.27]. For other goods and services, you may obtain items from any supplier who can satisfy the company's requirements as long as those suppliers are approved [p.29]. This isn't specified in the excerpts for your exact selling restrictions beyond instructional materials.