New Horizons franchise
2022 filing · March 31, 2022Fewer locations
New Horizons at a glance
A computer training center offering technology and software courses. At the end of 2021 there were 32 New Horizons locations in the US, 28 franchised and 4 company-owned.
The business
- Franchisor
- New Horizons Franchising Group, Inc
- The company that sells the franchises
- Franchising since
- 1991
- 31 years of selling franchises
- Franchisor based in
- Tampa, Florida
What you pay
- Cost to open
- $210K–$532K
- A start-up center
- Franchise fee
- $25K–$150K
- Based on the population of the territory
- Royalty
- 6% + minimum
- The greater of 6% of monthly gross revenue or a minimum royalty set by the territory's market category, paid monthly
- Renewal fee
- $7,500
- When the agreement ends and you sign again
- Agreement length
- 5 years
- Territory
- None
- No exclusive territory
- Franchisor financing
- Some financing offered
Where it is
- US locations, 2021
- 32
- Franchised and company-owned
- Franchised
- 28
- Company-owned
- 4
- Change in 3 years
- −39
- Franchised locations, 2019–2021
- States
- 20
- Most in California, Florida and Pennsylvania
From New Horizons Franchising Group, Inc’s 2022 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
New Horizons among all franchises with the same figure.
| Figure | New Horizons | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $371,000 | Costs more than 51% of franchises |
| Franchise feePaid once, when you sign | $25,000 | Lower than 82% of franchises |
| RoyaltyShare of sales paid to the franchisor | 6% | Higher than 35% of brands with a set rate |
| US locationsFranchised and company-owned | 32 | More than 57% of franchises |
How much a New Horizons franchise costs
Opening a start-up center costs an estimated $210,000 to $532,000. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are initial franchise fee ($25,000 to $150,000) and computer hardware and software (including network portal) ($50,000 to $115,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $25,000 | $150,000 | |
| Training (IFT) | $2,000 | $5,000 | |
| Travel and Living Expenses | $2,000 | $5,000 | |
| Computer Hardware and Software (including Network Portal) | $50,000 | $115,000 | |
| Software Vendor Fees | $0 | $10,000 | |
| Furniture and Furnishings | $10,000 | $25,000 | |
| Inventory and Supplies | $1,500 | $3,000 | |
| Student Courseware Fees | $6,000 | $40,000 | |
| Leasehold Improvements | $3,000 | $20,000 | |
| Exterior Signs | $2,000 | $5,000 | |
| Rent | $5,000 | $20,000 | |
| Security Deposits | $2,500 | $20,000 | |
| Business Insurance | $1,000 | $4,000 | |
| Additional Funds – 3 months after Effective Date | $100,000 | ||
| Training Employees on System | $0 | $10,000 | |
| Total | $210,000 | $532,000 | |
Source: New Horizons Franchising Group, Inc, 2022 filing, page 27
New Horizons franchise fee
The franchise fee is $25,000 to $150,000, based on the population of the territory. You pay it when you sign the franchise agreement.
Source: New Horizons Franchising Group, Inc, 2022 filing, page 1
Royalty and ongoing fees
| Royalty | The greater of 6% of monthly gross revenue or a minimum royalty set by the territory's market category, paid monthly. |
|---|---|
| Renewal Fee | $7,500 |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: New Horizons Franchising Group, Inc, 2022 filing, page 19
Other fees as filed, from page 23. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures New Horizons 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: New Horizons Franchising Group, Inc, 2022 filing, page 67
SBA loans to New Horizons franchisees
Lenders approved 47 SBA-backed loans for New Horizons franchisees from 1993 to 2012, $16.6M in all: 43 7(a) loans and 4 504 loans. All 47 have ended: 35 were paid in full and 12 were charged off (25.5%).
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
Growth and closures
Share of franchised locations, 2021 / 2019–2021. Typical means the median: half of brands are above it, half below.
| Measure | New Horizons | Typical education brand | Typical franchise |
|---|---|---|---|
| GrowthNet change in franchised locations | −24% / −58% | +3.7% / +24% | +1.2% / +10% |
| ClosuresTerminated, not renewed or stopped operating | 24% / 60% | 2.5% / 16% | 3.9% / 16% |
| Bought backLocations the franchisor took back | 11% / 6% | 0% / 0% | 0% / 0% |
Typical education brand is the median of the 88 brands in education franchises with three years of counts.
How New Horizons compares
Of the 221 education franchises on this site, New Horizons is the 154th cheapest to open and the 70th largest by number of locations.
| Figure | New Horizons | Typical education brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $210K | $120K | $222K |
| Cost to open, high end | $532K | $228K | $477K |
| Franchise fee | $25K | $42K | $40K |
| Royalty | 6% | 7% | 6% |
| US locations | 32 | 15 | 21 |
| Shares earnings figures | No | 148 of 221 | 2,147 of 3,352 |
Typical is the median across the 221 brands in education franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2019 | 67 (0) | 1 | +1 | −1 |
| 2020 | 37 (−30) | 0 | 0 | −30 |
| 2021 | 28 (−9) | 4 | +4 | −13 |
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: New Horizons Franchising Group, Inc, 2022 filing, page 69
Where New Horizons locations are
At the end of 2021, New Horizons had locations in 21 states and territories. The most are in California, Florida and Pennsylvania.
- California4
- Florida4
- Pennsylvania3
- Arizona2
- New York2
- Ohio2
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| California | 4 | 0 | 4 |
| Florida | 4 | 0 | 4 |
| Pennsylvania | 2 | 1 | 3 |
| Arizona | 2 | 0 | 2 |
| New York | 2 | 0 | 2 |
| Ohio | 1 | 1 | 2 |
| Wisconsin | 2 | 0 | 2 |
| Colorado | 1 | 0 | 1 |
| District of Columbia | 1 | 0 | 1 |
| Georgia | 0 | 1 | 1 |
All 21 states
| Idaho | 1 |
|---|---|
| Iowa | 1 |
| Minnesota | 1 |
| Missouri | 1 |
| Nebraska | 1 |
| Nevada | 1 |
| North Carolina | 1 |
| Tennessee | 1 |
| Texas | 1 |
| Utah | 1 |
| Virginia | 1 |
Source: New Horizons Franchising Group, Inc, 2022 filing, page 71
Who owns New Horizons?
New Horizons franchises are sold by New Horizons Franchising Group, Inc. It is a subsidiary of New Horizons Worldwide, LLC.
From New Horizons Franchising Group, Inc’s 2022 filing, page 9.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | Yes. The filing describes past or pending cases involving the franchisor, its affiliates or its executives on pages 15–17. |
|---|---|
| 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: New Horizons Franchising Group, Inc, 2022 filing, litigation on pages 15–17, bankruptcy on page 17
New Horizons filings
The figures on this page come from New Horizons Franchising Group, Inc’s 2022 filing, issued March 31, 2022, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2022 filing | March 31, 2022 | NASAA depository | Costs, fees and locations, 2019–2021 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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