General

Industry

Education Programs

Category

Tutoring

SBA Identifier

S3567

Year of Founding

2005

Fees

Marketing Fee

2%

Royalty Fee

10%

Franchise Fee

$49,900-$49,900

Investment Range

$116K-$232K

Location units

Total U.S. Locations

10

U.S. Franchised Units

10

U.S. Corporate Units

0

Headquarters (City)

Kennesaw

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

2007

Issuance of FDD Data

04/10/2018

What to know about Omega Learning franchise?

The franchisee will operate a diagnostic testing and supplemental education center that provides individualized tutoring and assessment, standardized test preparation, and individually-tailored instructional programs and services to children and young adults.

Omega Learning is based in Kennesaw, GA. Scroll down to learn more!

How much does a Omega Learning franchise cost?

Are you wondering how much is a Omega Learning franchise? Before starting a Omega Learning 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 Omega Learning franchise is $115,863 and can go all the way up to $231,506. Keep in mind, you should also allocate additional funds to live off of while the Omega Learning 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 Omega Learning franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Omega Learning business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Omega Learning 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 13 2 3 12
2017 12 0 2 10

Additional Details

How much does a Omega Learning franchise owner make?

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

Omega Learning discloses financials at the unit level. In other words, they show how much Omega Learning franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the Omega Learning franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like Omega Learning. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those Omega Learning owners were making.

Visit the Omega Learning metrics tab to explore the financials for this business.

What is the Omega Learning franchise fee?

Owning a Omega Learning franchise requires 10% royalty fee and 2% 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 Omega Learning Franchise Disclosure Document

Keep in mind, there is also an initial Omega Learning franchise fee of $49,900 that is included in the initial investment amount of $115,863 to $231,506. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Omega Learning franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Omega Learning franchise fee of $49,900.

Visit the Omega Learning 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 Omega Learning founded?

Omega Learning started offering franchises in 2007. Omega Learning was founded 17 years ago in 2005.

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 Omega Learning locations are in the U.S.?

As of 2018, there were 10 locations across the U.S. There are also 0 corporate locations. Most Education Programs franchises like Omega Learning have more franchised locations than corporate locations.

How many Omega Learning franchises opened over the past few years?

Over the prior 3 years we have data for, Omega Learning has opened 2 outlets throughout the U.S. Visit the Omega Learning metrics tab to explore how the openings compare to other Education Programs franchises.

How many Omega Learning franchises closed over the past few years?

Over the prior 3 years we have data for, Omega Learning has closed 5 outlets throughout the U.S

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

Is Omega Learning growing? Are they opening more locations than they are closing?

The net unit growth rate for Omega Learning over the past 3 years is 0%. Over the last year we have data for, Omega Learning had a net unit growth rate of -17%.

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

Is Omega Learning franchise eligible for an SBA Loan?

Omega Learning is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Omega Learning franchise was assigned the SBA Franchise ID of S3567 on 10/10/2018. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Omega Learning that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Omega Learning a franchise in the United States?

According to the SBA, Omega Learning meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Omega Learning provides you with an FDD if you are in discussion to buy a Omega Learning.

What is the Omega Learning Franchise for Sale Rate?

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

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

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

What is the Omega Learning Franchise Failure Rate?

Omega Learning 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!

Omega Learning failure rate over the past 3 years is 50%. Over the last year we have data for, Omega Learning had a franchise failure rate of 20%.

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

How can I find out more details on Omega Learning franchise?

Visit the Omega Learning 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

Omega Learning

$173,685

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Omega Learning

10%

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.

Omega Learning

$49,900

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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General

Industry

Education Programs

Category

Tutoring

SBA Identifier

S3567

Year of Founding

2005

Fees

Marketing Fee

2%

Royalty Fee

10%

Franchise Fee

$49,900-$49,900

Investment Range

$116K-$232K

Location units

Total U.S. Locations

10

U.S. Franchised Units

10

U.S. Corporate Units

0

Headquarters (City)

Kennesaw

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

2007

Issuance of FDD Data

04/10/2018

Detailed Franchise metrics for Omega Learning

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Omega Learning 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.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Omega Learning

0%

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

Omega Learning

NA

0%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

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

 

1 year

3 years

Omega Learning

NA

50%

Industry median

All franchises median

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Business details

Company Name

omegafranchise.com

Business email

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

Mailing address

5150 Stilesboro Rd Building 400, Suite 410

State headquarters

Georgia

Owner Name

Omega Learning

Phone

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

City

Kennesaw

Zip code

30152
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