LearningRx Training Center offers cognitive training, math, and reading courses to enhance learning skills. Known for brain training programs, it operates under the LEARNINGRX brand in the educational services sector.
The total estimated initial investment required to open either a Micro Franchise Center or a Standard Franchise Center ranges from $150,000 to $220,000. This includes all items identified in the first chart of this Item 7 but does not cover costs for additional centers you may be granted under your Area Developer Agreement [p.21].
The initial franchise fee varies based on the size of the Territory. For a micro franchise (less than 100,000 people), the fee is $30,000, and for a standard franchise (100,000 to 200,000 people), it is $45,000 [p.12, p.92]. This fee is fully earned upon signing of the Franchise Agreement and is non-refundable under any circumstances.
The ongoing royalties are based on the greater of 8% of Gross Revenues for the preceding calendar month or a 'Minimum Monthly Royalty' of $500 for Micro Franchises and $800 for Standard Franchises. These minimums start after the center has been in operation for 6 full months, with quarterly reviews to potentially credit any excess payments made over these minimums [p.17].
The initial franchise agreement does not specify its length. However, you may have the right to renew the agreement for at least one successive ten-year period under certain conditions [p.89].
Yes, you can sell or transfer your franchise, but it requires the franchisor's prior written approval. The transfer must not be at a lower price or on more favorable terms than disclosed to the franchisor in writing [p.113]. Additionally, if the franchisor does not exercise its right to purchase within the required timeframe, you must extend the right of first refusal to the franchisor before transferring to another party [p.113]. The transfer is also subject to other conditions specified in the agreement [p.113].
The franchisor may terminate the agreement on any grounds available by law [p.190]. Additionally, if an individual franchise agreement issued to an area developer is terminated for any reason, the franchisor has the right to terminate this agreement and may open centers within the development territory [p.157].
To qualify as an Area Developer, you must have liquid assets greater than $150,000.00 per territory if the population is 75,000 or less, or greater than $200,000.00 per territory if the population exceeds 75,000 [p.154]. Additionally, you must contribute some amount of your personal capital to develop each Center and own at least a seventy percent (70%) equity in it [p.153]. This isn't specified in the excerpts regarding net worth or liquid capital requirements beyond these amounts.
No, you do not receive an exclusive or protected territory. According to [p.122], Franchisee acknowledges that they will not receive an exclusive or protected territory for their Satellite Location, and [p.32] states that you may face competition from other franchisees, outlets owned by the franchisor, or competitive brands controlled by them.
The franchisor provides initial training that lasts approximately 40 hours over five days, covering various operational aspects. This is followed by on-site assistance during the opening of the center after completing the initial training. Ongoing support includes reasonable assistance via telephone, email, or other communication methods during normal business hours. Additional on-site assistance can be charged, and Franchisees are responsible for travel and living expenses in such cases [p.97, p.98].
As of September 30, 2025, there were 42 franchised outlets operating in the United States, with six closing during that fiscal year [p.45].
The franchisor does not make any financial performance representations other than the historical gross revenue information provided. This information is based on records generated by franchisees for the last fiscal year ending September 30, 2025 [p.48]. If you receive any other financial performance information or projections of your future income, you should report it to the franchisor and relevant regulatory agencies as specified [p.48].
You are not restricted as to individuals to whom you may sell products or services, provided they are located in your Territory. However, you must purchase the Products from the franchisor or a limited group of suppliers designated by them, which may be more expensive than similar items you could buy on your own [p.4].