Elite Tutoring Place franchise
2023 filing · May 31, 2023Fewer locations
Elite Tutoring Place at a glance
A tutoring center offering one-on-one and small-group help in school subjects and test preparation. At the end of 2022 there were 6 Elite Tutoring Place locations in the US, 5 franchised and 1 company-owned.
The business
- Franchisor
- Elite Tutoring Place, Inc
- The company that sells the franchises
- Franchising since
- 2015
- 8 years of selling franchises
- Typical size
- About 1,200 sq ft
What you pay
- Cost to open
- $47K–$93K
- Fee, build-out and opening working capital
- Franchise fee
- $25,000
- Plus a training fee
- Royalty
- $300–$600/mo
- $300 a month for the first 12 months, then $600 a month, a flat fee not tied to sales
- Brand fund
- None now
- No brand fund
- Agreement length
- 5 years
- Territory
- Protected
- Protected territory
- Franchisor financing
- None offered
Where it is
- US locations, 2022
- 6
- Franchised and company-owned
- Franchised
- 5
- Company-owned
- 1
- Change in 3 years
- −1
- Franchised locations, 2020–2022
- States
- 2
- Most in Illinois and Indiana
From Elite Tutoring Place, Inc’s 2023 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Elite Tutoring Place among all franchises with the same figure.
| Figure | Elite Tutoring Place | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $69,790 | Costs less than 93% of franchises |
| Franchise feePaid once, when you sign | $25,000 | Lower than 82% of franchises |
| US locationsFranchised and company-owned | 6 | Fewer than 69% of franchises |
How much a Elite Tutoring Place franchise costs
Opening one Elite Tutoring Place costs an estimated $46,850 to $92,730. That covers the franchise fee and everything else needed to open, through the first months of working capital. It is one of the franchises under $50K.
The biggest costs are initial franchise fee ($25,000) and elite business build-out ($0 to $25,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $25,000 | ||
| Elite Business Rent (First three months that does not include the Security Deposit) | $0 | $6,000 | |
| Rental Security Deposit, Utility Deposits and Business Licenses | $1,000 | $5,000 | |
| Elite Business Build-Out | $0 | $25,000 | |
| Training Fees and Other Related Expenses | $8,000 | $9,000 | |
| Insurance | $350 | $980 | |
| Business advisors such as lawyers and accountants | $0 | $1,000 | |
| Electronic Equipment | $1,250 | $1,750 | |
| Furniture and | $2,500 | $4,000 | |
| Signage | $750 | $3,000 | |
| Materials and Supplies | $1,000 | $1,500 | |
| Grand Opening | $3,000 | ||
| Additional Funds - 3 months | $4,000 | $7,500 | |
| Total | $46,850 | $92,730 | |
Source: Elite Tutoring Place, Inc, 2023 filing, page 17
Elite Tutoring Place franchise fee
The franchise fee is $25,000, plus a training fee. You pay it when you sign the franchise agreement.
Source: Elite Tutoring Place, Inc, 2023 filing, page 13
Royalty and ongoing fees
| Royalty | $300 a month for the first 12 months, then $600 a month, a flat fee not tied to sales. |
|---|---|
| Brand or marketing fund | No brand fund |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Elite Tutoring Place, Inc, 2023 filing, pages 15 and 28
Sales and earnings
No figures Elite Tutoring Place does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: Elite Tutoring Place, Inc, 2023 filing, page 38
Growth and closures
Share of franchised locations, 2022 / 2020–2022. Typical means the median: half of brands are above it, half below.
| Measure | Elite Tutoring Place | Typical tutoring brand | Typical franchise |
|---|---|---|---|
| GrowthNet change in franchised locations | −17% / −17% | 0% / 0% | +1.2% / +10% |
| ClosuresTerminated, not renewed or stopped operating | 17% / 50% | 2.8% / 21% | 3.9% / 16% |
| Bought backLocations the franchisor took back | 0% / 0% | 0% / 0% | 0% / 0% |
Typical tutoring brand is the median of the 17 brands in tutoring franchises with three years of counts.
How Elite Tutoring Place compares
Of the 32 tutoring franchises on this site, Elite Tutoring Place is the 4th cheapest to open and the 22nd largest by number of locations.
| Figure | Elite Tutoring Place | Typical tutoring brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $47K | $85K | $222K |
| Cost to open, high end | $93K | $153K | $477K |
| Franchise fee | $25K | $30K | $40K |
| US locations | 6 | 27 | 21 |
| Shares earnings figures | No | 15 of 32 | 2,147 of 3,352 |
Typical is the median across the 32 brands in tutoring franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2020 | 5 (−1) | 1 | 0 | −1 |
| 2021 | 6 (+1) | 1 | +2 | −1 |
| 2022 | 5 (−1) | 1 | 0 | −1 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: Elite Tutoring Place, Inc, 2023 filing, page 39
Where Elite Tutoring Place locations are
At the end of 2022, Elite Tutoring Place had locations in 2 states. The most are in Illinois and Indiana.
- Illinois5
- Indiana1
Source: Elite Tutoring Place, Inc, 2023 filing, page 40
Who owns Elite Tutoring Place?
Elite Tutoring Place franchises are sold by Elite Tutoring Place, Inc. Its filing names no parent company.
From Elite Tutoring Place, Inc’s 2023 filing, page 11.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Elite Tutoring Place, Inc, 2023 filing, litigation on page 13, bankruptcy on page 13
Elite Tutoring Place filings
The figures on this page come from Elite Tutoring Place, Inc’s 2023 filing, issued May 31, 2023, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2023 filing | May 31, 2023 | NASAA depository | Costs, fees and locations, 2020–2022 |
Each link opens the filing as a PDF. See the newest filings across all brands.
Other tutoring franchises
All tutoring franchises
Elite Tutoring Place is also on these lists: education franchises.