Prep Academy Tutors franchise
2026 filing · June 10, 2026Growing
Prep Academy Tutors at a glance
A tutoring business offering in-home and online tutoring to students. At the end of 2025 there were 27 Prep Academy Tutors locations in the US, 26 franchised and 1 company-owned.
The business
- Franchisor
- Prep Academy Tutors USA, Inc
- The company that sells the franchises
- Franchising since
- 2020
- 6 years of selling franchises
What you pay
- Cost to open
- $59K–$72K
- Fee, build-out and opening working capital
- Franchise fee
- $49,000
- Paid once, when you sign
- Royalty
- 8%
- 8% of gross sales, paid monthly, with a monthly minimum, plus 2% to the national marketing fund
- Brand fund
- 2%
- 2% of gross sales, paid monthly
- Agreement length
- 10 years
- Territory
- Limited
- Limited protection
- Franchisor financing
- None offered
Where it is
- US locations, 2025
- 27
- Franchised and company-owned
- Franchised
- 26
- Company-owned
- 1
- Change in 3 years
- +23
- Franchised locations, 2023–2025
- States
- 16
- Most in Florida, New York and Connecticut
From Prep Academy Tutors USA, Inc’s 2026 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Prep Academy Tutors among all franchises with the same figure.
| Figure | Prep Academy Tutors | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $65,100 | Costs less than 94% of franchises |
| Franchise feePaid once, when you sign | $49,000 | Higher than 62% of franchises |
| RoyaltyShare of sales paid to the franchisor | 8% | Higher than 85% of brands with a set rate |
| US locationsFranchised and company-owned | 27 | More than 54% of franchises |
How much a Prep Academy Tutors franchise costs
Opening one Prep Academy Tutors costs an estimated $58,600 to $71,600. That covers the franchise fee and everything else needed to open, through the first months of working capital. It is one of the low-cost franchises.
The biggest costs are initial franchise fee ($49,000) and professional/legal fees ($2,000 to $10,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $49,000 | ||
| Inventory/Start-up Supplies | $2,000 | ||
| Professional/Legal Fees | $2,000 | $10,000 | |
| Equipment Purchase | $1,000 | ||
| Opening Advertising | $1,000 | ||
| Insurance | $500 | ||
| Telephone and Internet | $600 | ||
| Rent | $0 | ||
| Additional Funds – 3 Months | $2,500 | $7,500 | |
| Total | $58,600 | $71,600 | |
Source: Prep Academy Tutors USA, Inc, 2026 filing, page 12
Prep Academy Tutors franchise fee
The franchise fee is $49,000. You pay it when you sign the franchise agreement.
Source: Prep Academy Tutors USA, Inc, 2026 filing, page 8
Royalty and ongoing fees
| Royalty | 8% of gross sales, paid monthly, with a monthly minimum, plus 2% to the national marketing fund. |
|---|---|
| Brand or marketing fund | 2% of gross sales, paid monthly. |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Prep Academy Tutors USA, Inc, 2026 filing, page 8
Sales and earnings
No figures Prep Academy Tutors 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: Prep Academy Tutors USA, Inc, 2026 filing, page 31
Growth and closures
Share of franchised locations, 2025 / 2023–2025. Typical means the median: half of brands are above it, half below.
| Measure | Prep Academy Tutors | Typical tutoring brand | Typical franchise |
|---|---|---|---|
| GrowthNet change in franchised locations | +63% / +767% | 0% / 0% | +1.2% / +10% |
| ClosuresTerminated, not renewed or stopped operating | 0% / 33% | 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 Prep Academy Tutors compares
Of the 32 tutoring franchises on this site, Prep Academy Tutors is the 8th cheapest to open and the 16th largest by number of locations.
| Figure | Prep Academy Tutors | Typical tutoring brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $59K | $85K | $222K |
| Cost to open, high end | $72K | $153K | $477K |
| Franchise fee | $49K | $30K | $40K |
| Royalty | 8% | 9.8% | 6% |
| Brand fund | 2% | 2% | 2% |
| US locations | 27 | 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 |
|---|---|---|---|---|
| 2023 | 9 (+6) | 0 | +6 | 0 |
| 2024 | 16 (+7) | 0 | +8 | −1 |
| 2025 | 26 (+10) | 1 | +10 | 0 |
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: Prep Academy Tutors USA, Inc, 2026 filing, page 31
Where Prep Academy Tutors locations are
At the end of 2025, Prep Academy Tutors had locations in 16 states. The most are in Florida, New York and Connecticut.
- Florida4
- New York3
- Connecticut2
- Georgia2
- Illinois2
- Louisiana2
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| Florida | 3 | 1 | 4 |
| New York | 3 | 0 | 3 |
| Connecticut | 2 | 0 | 2 |
| Georgia | 2 | 0 | 2 |
| Illinois | 2 | 0 | 2 |
| Louisiana | 2 | 0 | 2 |
| Maryland | 2 | 0 | 2 |
| Texas | 2 | 0 | 2 |
| California | 1 | 0 | 1 |
| Colorado | 1 | 0 | 1 |
All 16 states
| Idaho | 1 |
|---|---|
| Massachusetts | 1 |
| New Jersey | 1 |
| Oklahoma | 1 |
| Pennsylvania | 1 |
| Virginia | 1 |
Source: Prep Academy Tutors USA, Inc, 2026 filing, page 32
Who owns Prep Academy Tutors?
Prep Academy Tutors franchises are sold by Prep Academy Tutors USA, Inc.
From Prep Academy Tutors USA, Inc’s 2026 filing.
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: Prep Academy Tutors USA, Inc, 2026 filing, litigation on page 8, bankruptcy on page 8
Prep Academy Tutors filings
The figures on this page come from Prep Academy Tutors USA, Inc’s 2026 filing, issued June 10, 2026, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2026 filing | June 10, 2026 | NASAA depository | Costs, fees and locations, 2023–2025 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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