Class 101 provides guidance and coaching for high school students and their parents to help with the college preparation process, including selecting colleges, applying for admission, and securing financial aid. They offer a structured approach to college counseling, preparing students for success in higher education.
Key Insights
- Class 101 originated from founders understanding that customers deserved significantly better options than what was currently available in the marketplace, leading to development of comprehensive service solutions that prioritize quality, reliability, and exceptional customer experiences.
- Professional development keeps staff current with industry trends, best practices, and emerging technologies to ensure optimal service delivery and customer satisfaction while maintaining competitive advantages and adapting to changing market conditions and client expectations.
- The market demonstrates consistent growth driven by demographic changes, evolving consumer expectations, and increased awareness of service quality, creating opportunities for businesses that can adapt to changing needs while maintaining high standards of professional service delivery and customer satisfaction.
Franchise Fee and Costs to Open
Exploring the financial picture of Class 101 gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $75,287 - $130,187, along with a franchise fee of $39,900 - $39,900.
Financial Performance and Revenue
Yearly gross sales of $147,638 and estimated earnings of $17,717 - $22,146 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 6.2-8.2 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Class 101 provides new franchisees with comprehensive initial training. This intensive program, lasting two weeks, is conducted at Class 101 headquarters in Lexington, Kentucky. The franchisor offers ongoing support and resources designed to help franchisees establish their businesses. This support includes access to operational manuals and marketing materials. Class 101 recommends utilizing these tools for business development.
Legal Considerations
Legal considerations for a Class 101 franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Franchisees may encounter a dynamic local market with established competitors and evolving educational trends. Managing day-to-day operations, including curriculum delivery and staff scheduling, requires attention. Reliance on specific curriculum materials or approved vendors for supplies is also a factor to consider for consistent service delivery and maintaining brand standards.
Franchise Datasheet
FAQs
What is the minimum cash required to open a Class 101 franchise?
How can I estimate the profitability and return on investment (ROI) of a Class 101 franchise?
What is the franchisee fee for a Class 101 franchise?
How to open a Class 101 franchise?
How many locations does Class 101 have?
Get insider access to franchise insights
Subscribe to receive expert tips, franchise rankings, and exclusive data straight to your inbox, trusted by thousands of aspiring business owners and investors.
Franchise resources & insights
Explore expert guides, data-driven articles, and tools to help you make smarter franchise decisions, whether you're just starting out or ready to invest.
