Concept Description
Welcome to Best in Class Education Center, where learning lasts a lifetime!
Our mission at Best in Class Education is to help our students achieve their personal best. Our management and instructional teams are comprised of passionate, dedicated, and energetic individuals who share our same mission.
Our various educational programs include our Math & English Enrichment Program, SAT preparation, ACT preparation, Gifted Test Preparation, Private Tutoring, College Preparation, and our Summer Camp Program. These flexible and affordable programs gives our franchisees the ability to develop and maintain relationships with our students.
Testimonials
Veronica Reyna, Cypress, TX
Publicity
http://www.bestinclasseducation.com/newsroom
http://www.bestinclasseducation.com/press-coverage
Unit Option
Single, Multiple
Background
FDD Franchised Units: 36
Corporate Owned Units: 1
Projected New Units: 3
Year Established: 2010
First Year Franchised: 2011
Type of Business: Franchise
Hours of Operation: Early Evenings Required
Number of Employees: Small (1-5)
History:
Best in Class Education Center was formally known as BrainChild, which was originally founded in 1988.
In 1995 Hao Lam, our Chief Executive Officer at Best in Class opened became the first licensee for BrainChild. Because of Hao’s seasoned business experience and his success operating his education centers, Hao understands the tools and resources that are required to run and scale a successful Best in Class Education Center.
We began offering franchise opportunities in 2011 and we are pleased to say that today we have 35+ open Best in Class Education Centers in 9 different states across the country with additional locations currently in development. Over 50% of our locations are owned by multi-unit operators, majority of who started with one location.
Availability
Territories: United States
Financials
Liquidity: $50,000
*Investment Range: $84,875 - $146,000
Minimum Net Worth: $250,001, to $500,000
Franchise Fee: $45,000
Royalty: 12%
Royalty Description: 12% of Gross Sales (minimum $250/month)
Advertising: Greater of $1,000/month or 4% of monthly Gross Sales (months 3 and beyond)
National Advertising: Local: [Months 2 through 12 after Center opening date] $1,500 per month; [Months 13 & beyond] Greater of $1,000 per month or 4% of monthly Gross Sales.
Passive Ownership: Semi- passive after 1 year
Passive Ownership means the owner is working 15 hours or less per week in the business.
Passive Ownership Explain: Will ONLY consider candidates who are willing to start full time
Available Discounts
- Veterans
Discount Description: FOR EDUCATORS AND VETERANS - Grand Opening Marketing Discount: At the time they sign the Franchise Agreement, franchisees pay a $10,000 grand opening marketing fee, which is fully allocated to marketing activities for their center over a 6-month period (ending no later than 2 months after the grand opening). These funds are used entirely for marketing and are not retained by the franchisor. Discounts: -Qualified Educators (e.g., credentialed teachers, childcare professionals, K-12 educators, etc.) and U.S. Veterans receive a $5,000 allowance for marketing.
Training, Support and Assistance
Co-Operative Advertising: Available
Site Selection Assistance: Available
Lease Negotiation Assistance: Available
Length of Training: 7 Days
Training Description:
Best in Class Training Program
Best in Class Franchisees and their Management team attend a seven day training program at a few of our centers in the Greater Seattle area.
Training Curriculum:
- Review Proprietary Curricula
- Observe Best in Class Centers: Once they have completed the training they will have the opportunity to teach at one of our Best in Class Centers.
- BiC Software & Portal
- Marketing: Learn key marketing strategies and approaches.
- Talent Development: Learn how to identify and develop a stellar team of teachers and support staff.
- Business & Operations Review: Hao Lam, CEO of Best in Class will review every aspect of the Best in Class business model. Discuss business development, operations, and provides an overview of P&L’s to set up every franchisee for success.
Our franchisees will receive grand opening assistance and continue to receive ongoing support.
Our Franchise Support Group will visit their center prior to their grand opening to ensure that our franchisee and their team are comfortable with our daily operations.
Prior to their grand opening we will review the proprietary curriculum and review the Best in Class business model. During the grand opening Best in Class Franchise Support Group will help teach free classes and answer any questions new parents have regarding Best in Class.
The training and support doesn’t end once the center is open. We will provide training for new management personnel and training on updates to our proprietary curriculum. On a monthly basis we will review P&L’s with our franchisees to ensure their center is operating successfully.
Operational and Marketing Tools:
Proprietary Tools & Resources:
BC Portal
- Student database, revenue reports, invoices, emails, notes
Printing Portal
- Print materials on demand, no inventory needed, get the most updated materials, no wastage
Answer Key Portal
- Electronic answer keys are securely stored on a tablet, eliminating the need for paper copies
BC Operations Manual
- Operations
- Talent Development
- Marketing
Financing Assistance: N/A
