6/10

Franchimp Summary Rating

6 /10
Investment Accessibility
Lower than 45% of peers

Franchise Summary

Description
The franchisee will operate a tutoring and instruction practice to individuals in the areas of reading and writing, math, current events, test preparation and other subject-specific focuses, under the name "SpiderSmart Learning". SpiderSmart, Inc. , a Virginia corporation, offers all of these rights.
Company Background
SpiderSmart is a tutoring company that provides reading and writing, math, current events, test preparation and other subject-specific services to students in the areas of Reading and Writing. SpiderSmart was founded in 1999 by three educators who wanted to provide quality individualized instruction for children with learning disabilities. The company has grown from one location in Virginia Beach into a national franchiser with locations across the country.
Franchise Opportunity
Learning can be hard, especially when you are a student or an adult. The best way to learn is one-on-one with a tutor who knows how to teach you what you need to know and make it stick. But hiring private tutors can be expensive. Spider Smart is the answer! We're changing the way people learn by pairing experienced tutors with students over video chat for affordable rates that work for everyone's budget. Our platform also allows us to collect all of our student data in one place, so we can show parents exactly where their children are struggling and give them advice on how they can help at home too!
Corporate Structure
SpiderSmart, Inc. was incorporated under the laws of Virginia on February 11, 2004. Their principal business address is 8300 Old Courthouse Road, Suite 140A, Vienna, Virginia. They began offering franchises on September 23, 2014.
Investment and Franchisee Fees
The total investment necessary to begin operation of a SpiderSmart Learning Center franchised business is $80,400 to $142,400. This includes $30,000 that must be paid to the franchisor or its affiliate(s).

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of SpiderSmart Learning Franchisees

SpiderSmart Learning Franchise System Development in 2019

FAQ

How much investment do I need to start my own SpiderSmart Learning business?
Franchisees typically require at least $80 to $142 investment to get their SpiderSmart Learning business started
What are the initial franchise fees for SpiderSmart Learning?
Franchisees typically need to pay at least $30 in fees directly to SpiderSmart Learning in order to earn the right to launch their business
How much money can I make with a SpiderSmart Learning franchise? What are the average revenues for a typical SpiderSmart Learning business?
We haven’t done the math on how much revenue a typical SpiderSmart Learning brings in each year. We estimate that other franchisees in the Professional Services industry generate $960,856 revenue, so we would expect SpiderSmart Learning to generate a similar amount
How long do I need to commit to running a SpiderSmart Learning unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

6 /10
The Franchisor's investment costs ranges from $210,000 to $532,000 which is Much Lower than the $0 to $0 average in the Education-Related industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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