New Horizons operates computer-related learning centers providing technology education across the United States and internationally. The franchise focuses on developing tech skills for students and professionals.
Key Insights
- New Horizons began with a strategic focus on creating sustainable business practices that benefit all stakeholders, including customers, franchisees, and communities, while establishing systems that support long-term growth and operational excellence across multiple markets.
- Operational efficiency streamlines processes and reduces costs while maintaining the quality and attention to detail that builds reputation and customer satisfaction, utilizing technology and proven methods to maximize value while ensuring consistent service delivery.
- Market education efforts help consumers understand the value of professional versus amateur service providers, creating opportunities for qualified businesses to demonstrate expertise and build customer relationships through superior service quality and reliable performance.
Franchise Fee and Costs to Open
Exploring the financial picture of New Horizons 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 $42,000 - $532,000, along with a franchise fee of $0 - $150,000.
Financial Performance and Revenue
Training and Resources
New Horizons provides comprehensive training for new franchisees. This initial training is conducted over two weeks, primarily at the franchisor's headquarters. Resources cover all facets of operating a New Horizons center. The program offers a deep dive into systems and operational frameworks. New Horizons also recommends ongoing support and access to a wealth of digital resources for continued learning and success.
Legal Considerations
Legal considerations for a New Horizons 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
A franchisee may encounter considerations regarding local market saturation, requiring unique strategies to attract students. The operational complexity of managing diverse course offerings and student needs presents a learning curve. Reliance on specific educational technology providers or curriculum materials could also necessitate careful vendor management and contingency planning.
Franchise Datasheet
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