Class 101 Franchise vs. Kaplan Franchise
As you research opportunities with Kaplan, consider the affordability and value of Class 101
Owning a business that helps young people succeed is a business worth pursuing. Their success is usually tied to academic accomplishment, which is why a broad sector of entrepreneurial business opportunities has been built around the idea of helping young people achieve their highest educational potential.
According to IBIS World, tutoring and test preparation franchises generate more than $1 billion in annual revenues. However, not all brands are equal — and more importantly, not all brands are franchises. Kaplan is not a franchise.
This means that if you’re interested in owning a business like Kaplan, you should research other opportunities in the test-preparation segment. Each is a little different in terms of support teams, strategies, values and ROI. Here’s what you should know about how the Class 101 franchise compares to the Kaplan program.
Class 101 is an affordable business to own
Class 101 is low-cost investment that is designed to be accessible to entrepreneurs with a passion for helping young people succeed. With a total investment beginning at $45,890 and capping out at $63,300 on average, and a set franchise fee of $32,900, Class 101 helps you become established in business quickly.
Several of our franchisees surpass the $100,000 revenue mark in their first or second year of business. We also have a flexible start-up plan, allowing franchisees to work from a home office during their ramp-up year until they are able to secure office space.
Class 101 specializes in helping students get into colleges
While Kaplan offers a wide range of test-preparation programs to students, certifications for business professionals and more, Class 101 focuses entirely on helping students with college preparation. We are a national college-planning franchise that helps high school students get into better colleges and qualify for higher amounts of scholarships and financial aid. We address a common problem: the college application process is complicated, competitive and stressful, resulting in students who don’t get enough, or any, financial aid and often end up at the wrong school.
We’re meeting an enormous need. Millions of high school students enrolled as college freshmen at more than 4,000 institutions last year, according to the National Center for Education Statistics. One in three freshmen drops out after his or her first year, according to U.S. News & World Report, and those who drop out struggle to be readmitted to that school or any other.
Students who go through the Class 101 program achieve dramatic results: the average American high-school student applies to two or three schools and receives about $20,000 in scholarships and aid. Class 101 students apply to an average of 10 schools and receive more than $200,000 in scholarships and aid. Our students also tend to stay in school. The dropout rate for incoming college freshmen is high — as many as one in three first-year students never make it to their sophomore year. The dropout rate for Class 101 students is less than 1% — far below the national average.
Our training and support will help you thrive in business
Centralized training and support are more important than ever for our franchise owners as Class 101 franchise continues nationwide expansion. We guide you step by step through the entire process of launching your Class 101 office, from ensuring a successful grand opening to helping build your pipeline of customers.
Dayton, Ohio, franchisee Karen DeRosa, who broke a company sales record in 2018 for first-month sales, says that Class 101’s strong franchisee support has been a real boon to her business.
“Because Class 101 is still relatively small, when you call the central office with a finance question the CFO himself will answer you,” she says. “That kind of responsiveness is amazing. And as far as franchisee interaction, we all know each other, and we have a very strong network. I’ve researched other franchise offices, and it is rare to find a franchise that offers the responsiveness that Class 101 does.”
Join Class 101 college planning franchise
If you’re passionate about helping young people and would like the chance to make a living while helping families save thousands on college costs, Class 101 may be the business opportunity you’ve been seeking. We’re enjoying unprecedented nationwide growth and are looking for new franchise owners.