Based on Oradell Huntington Learning Center is experiencing a sharp increase in customer demand and franchise development, thanks to its latest digital transformation and the increase in publicly funded programs.
In the third quarter of 2021, Huntington saw a 33% increase in applications for new centers, many from existing owners and operators who want to own multiple units. The Huntington Learning Center’s projections for 2021 project a 45% increase in annual revenue, which will also exceed the pre-pandemic success seen in 2019.
âThere are several factors that we can attribute to the growth spurt that Huntington is going through right now. Our ongoing digital transformation is creating new revenue streams for franchisees across the United States, âsaid Anne Huntington Sharma, president of the Huntington Learning Center, in a prepared statement.
âState-funded programs are another element that opens up new opportunities for franchisees to integrate into their communities and school districts. Huntington has received tutoring and test preparation programs from several school districts through competitive bidding processes across the country, which has and will continue to have a positive impact on students academically, by especially after all the school closures during the pandemic, âshe continued.
In 2019, Huntington recorded a total of more than 2,300 new inquiries at the centers. Since the start of the pandemic, it has received more than 3,500 requests for available markets and opportunities for expansion.
Bob Scopinich, chief financial officer of the Huntington Learning Center, said that with the added value of publicly funded opportunities and the results of previous academic years, the company predicts the need will only continue to grow, and Huntington plans to grow with it to meet demand.