|
 |
|
|
|
Initial Investment Requirements
|
 |
To help you understand what it takes to own and operate a Learning Express store, we have broken down important financial information.
|
 |
 |
 |
The Franchise Fee
|
$35,000
|
 |
This is a one-time fee charged to all franchisees, and covers the cost of your Learning Express Franchise License.
|
 |
|
Lease and Leasehold Improvements
|
$15,000 - $65,000
|
 |
Depending on the remodeling requirements or build out of your intended location, we have estimated your initial cost to be in this range.
|
 |
|
POS Equipment
|
$17,500
|
 |
Computer System: Hardware and Software Point of Sale Equipment; License Fees and Software Subscription Services.
|
 |
|
Furniture, Fixtures, Equipment, Signage
|
$30,000 - $62,000
|
 |
All the necessary furniture, fixtures and equipment, to begin operation.
|
 |
|
Organizational Costs and Training Costs
|
$3,500 - $7,000
|
 |
Lease expenses, utility deposits and professional fees. You will need funds for travel and lodging during our mandatory training program.
|
 |
|
Opening Inventory
|
$90,000 - $140,000
|
 |
Depending on the time of year your store opens and the size of your location, the costs may vary. This is our initial inventory purchase requirement.
|
 |
|
Grand Opening Advertising
|
$7,500
|
 |
This is a minimum amount of advertising costs for a successful grand opening.
|
 |
|
Insurance
|
$1,000 - $6,000
|
 |
The estimated cost of insurance for the first year of operation, which is paid directly to the insurance company.
|
 |
|
Additional Funds
|
$10,000 - $30,000
|
 |
You will also need funds for back up capital, permits, and pre-opening payroll costs.
|
 |
|
|
Total:
|
$209,500 - $370,000
|
 |
 |
 |
 |
 |
|
Tenant Allowance
|
($0 - $72,000)
|
 |
Money the landlord may contribute to offset construction costs
|
 |
 |
 |
|
Total:
|
$209,500 - $298,000
|
 |
 |
 |
|
Minimum Financial Requirements
|
 |
Personal Net Worth
|
$300,000
|
 |
This is an estimate of your current assets less current liabilities.
|
 |
|
Minimum Cash Investment
|
$100,000
|
 |
Depending on the time of year your store opens and the size of your location, the costs may vary. This is our initial inventory purchase requirement.
|
 |
|
Maximum Loans
|
$125,000
|
If you are committed to improving the quality of products offered to children, while investing
in yourself and a successful business, you are heading in the right direction with Learning Express
To get more information or to have one of our representatives contact you, click on this link.
|
 |
|
|
 |
 |
 |
 |
 |
 |
 |
 |
|
 |
|