What Are My Startup Costs?

Low initial investment makes Class 101 college planning franchise a potentially lucrative business opportunity. Bring college planning services to your community.

With the initial investment starting at $40,490 for a Class 101 office, the college planning franchise offers a low-investment opportunity with potential for a high return.

Class 101 has locations in over 14 states and many franchise owners have experienced explosive growth in their first year. Our service and success stories speak for themselves, and our college graduates are our best ambassadors. We are actively recruiting in more than 40 states nationwide.

The franchise fee grants you access to your exclusive territory, which generally encompasses an area with a population of about 250,000 and includes eight high schools. With plans to expand to 100 locations by 2020, now is the opportune time to open a Class 101 location in your community.

TYPE OF EXPENDITUREAMOUNTMETHOD OF
PAYMENT
WHEN DUETO WHOM PAYMENT
IS TO BE MADE
Initial Franchising Fee$27,500Lump SumSigning of Franchise
Agreement
Franchisor
Leasehold Improvements
and Decorating Costs
$500 - $2,500As IncurredAs ArrangedThird Party
Signs$500 - 1,500As IncurredAs ArrangedSign Company
Travel and Living Expenses
While Training
$500 - $4,000As IncurredAs ArrangedHotels, Restaurants,
Rental Cars, Airlines
Office Equipment$500 - $2,500Lump SumAs ArrangedThird Party
Insurance$100 - $400Monthly, Quarterly or
Annually
Before OpeningInsurance Company
Licenses and Permits$50 - $200Lump SumBefore OpeningGovernmental Agencies
Professional Fees$750 - $1,500As IncurredAs ArrangedAttorneys, Accountants,
etc.
Initial Inventory of Materials
and Supplies
$1,000 - $1,500As IncurredAs ArrangedFranchisor, Third Parties
Initial Advertising $4,000 - $6,000Lump SumAs ArrangedNewpapers, Advertising
and Public Relations
Agencies, BNI and Chamber of Commerce
Memberships, etc.
Technology/License Fees$90 - $300MonthlyMonthlyFranchisor or third party
Additional Funds
- 3 months
$5,000 - $10,000As IncurredAs IncurredGas, Utilities, Answering
Service Suppliers, etc.
Estimated Total Range$40,490 - $57,900

Want to better understand the costs associated with opening your own Class 101 franchise? Start a conversation with us about the opportunity in your market.

 

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