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General

Industry

Education Programs

Category

Tutoring

SBA Identifier

Year of Founding

2016

Fees

Marketing Fee

NA

Royalty Fee

8%

Franchise Fee

$5,000-$22,500

Investment Range

$17K-$51K

Location units

Total U.S. Locations

3

U.S. Franchised Units

1

U.S. Corporate Units

1

Headquarters (City)

Newark

Other

Item 19 - Franchise Financials

Financing Availability

no

Started Offering Franchises

2016

Issuance of FDD Data

03/18/2019

What to know about Gurus Education franchise?

The franchisee will operate a specialty educational instruction services business for children and adults, offering instruction and classes in public speaking, debating, personal finance, and other related subject areas, as well as offering day camps, tournaments, special event activities, and related services and products.

Gurus Education is based in Newark, . Scroll down to learn more!

How much does a Gurus Education franchise cost?

Are you wondering how much is a Gurus Education franchise? Before starting a Gurus Education franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Gurus Education franchise is $16,800 and can go all the way up to $50,500. Keep in mind, you should also allocate additional funds to live off of while the Gurus Education business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Gurus Education franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Gurus Education business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Gurus Education franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 1 0 0 0
2017 1 0 0 1
2018 1 0 0 2

Additional Details

How much does a Gurus Education franchise owner make?

Gurus Education franchise earnings and revenue can vary significantly from one franchisee to another.
The Gurus Education franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Gurus Education unfortunately does not disclose financials on how much Gurus Education franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Gurus Education does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Gurus Education franchisees. Do note that Gurus Education is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 Gurus Education franchisees to understand how much money they are making from their Gurus Education business.

You should also speak to former Gurus Education franchisees to understand why they left the system. Did they sell their Gurus Education at a profit? Were they forced to close their Gurus Education franchise down because it kept losing money?

What is the Gurus Education franchise fee?

Owning a Gurus Education franchise requires 8% royalty fee and a variable marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Gurus Education Franchise Disclosure Document

Keep in mind, there is also an initial Gurus Education franchise fee of $5,000 that is included in the initial investment amount of $16,800 to $50,500. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Gurus Education franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Gurus Education franchise fee of $5,000.

Visit the Gurus Education metrics tab to explore the financials for this business, royalty and marketing fees compare to other Education Programs franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Gurus Education founded?

Gurus Education started offering franchises in 2016. Gurus Education was founded 6 years ago in 2016.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Gurus Education locations are in the U.S.?

As of 2019, there were 1 locations across the U.S. There are also 1 corporate locations. Most Education Programs franchises like Gurus Education have more franchised locations than corporate locations.

How many Gurus Education franchises opened over the past few years?

Over the prior 3 years we have data for, Gurus Education has opened 0 outlets throughout the U.S. Visit the Gurus Education metrics tab to explore how the openings compare to other Education Programs franchises.

How many Gurus Education franchises closed over the past few years?

Over the prior 3 years we have data for, Gurus Education has closed 0 outlets throughout the U.S

Visit the Gurus Education metrics tab to explore how the openings compare to other Education Programs franchises.

Is Gurus Education growing? Are they opening more locations than they are closing?

The net unit growth rate for Gurus Education over the past 3 years is 0%. Over the last year we have data for, Gurus Education had a net unit growth rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Gurus Education growth rate compares to 2,000+ other franchises and Industry franchises like Gurus Education. More info in the Gurus Education metrics tab.

Is Gurus Education franchise eligible for an SBA Loan?

Gurus Education is not eligible for SBA loans including the 7(a) loan last time we checked.

Gurus Education franchise does not have a SBA Franchise ID and was not in the SBA Franchise Directory. The SBA Franchise Directory will only include business models like Gurus Education that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria.

To find out more about the SBA loan program for franchising click here.

Is Gurus Education a franchise in the United States?

According to the SBA, Gurus Education does not meet the Federal Trade Commission (FTC) definition of a franchise.

Many popular brands like Starbucks and Topgolf are not franchises in the U.S. but franchise outside of the United States. Be sure the franchisor provides you with an updated Franchise Disclosure Document as this is one of the key indicators that the business opportunity is truly a franchise in the U.S.

The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items of about the franchise, its officers, and other franchisees. Be sure that Gurus Education provides you with an FDD if you are in discussion to buy a Gurus Education

What is the Gurus Education Franchise for Sale Rate?

The Gurus Education systemwide health and franchisee satisfaction can be measured by the Gurus Educationfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Gurus Education franchise for sale rate over the past 3 years is 0%. Over the last year we have data for, Gurus Education had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Gurus Education franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Gurus Education. More info in the Gurus Education metrics tab.

What is the Gurus Education Franchise Failure Rate?

Gurus Education franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Gurus Education failure rate over the past 3 years is 0%. Over the last year we have data for, Gurus Education had a franchise failure rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Gurus Education franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Gurus Education. More info in the Gurus Education metrics tab.

How can I find out more details on Gurus Education franchise?

Visit the Gurus Education metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Gurus Education

$33,650

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Gurus Education

8%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Gurus Education

$13,750

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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Franchise Disclosure Document

Not Available

General

Industry

Education Programs

Category

Tutoring

SBA Identifier

Year of Founding

2016

Fees

Marketing Fee

NA

Royalty Fee

8%

Franchise Fee

$5,000-$22,500

Investment Range

$17K-$51K

Location units

Total U.S. Locations

3

U.S. Franchised Units

1

U.S. Corporate Units

1

Headquarters (City)

Newark

Other

Item 19 - Franchise Financials

Financing Availability

no

Started Offering Franchises

2016

Issuance of FDD Data

03/18/2019

Detailed Franchise metrics for Gurus Education

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Gurus Education below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Gurus Education

$13,750

Industry median

All franchises median

Unlock premium content

Franchise Disclosure Document

Not Available

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Gurus Education

NA

0%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Gurus Education

NA

0%

Industry median

All franchises median

Unlock premium content

Business details

Website

https://***********.com

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Business email

**********@******.com

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Mailing address

-

State headquarters

-

Key leadership

Gurus Education

Phone

+1 (000) 0********00

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City

-

Zip code

-
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