Village East Gifted franchise
2022 filing · April 25, 2022Shares sales figures
Village East Gifted at a glance
An enrichment program teaching all academic subjects to gifted students ages 4 to 16. At the end of 2021 there were 2 Village East Gifted locations in the US, all company-owned.
The business
- Franchisor
- Village East Gifted Franchise Inc
- The company that sells the franchises
What you pay
- Cost to open
- $121K–$160K
- A basic business
- Franchise fee
- $24,900
- Paid once, when you sign
- Royalty
- 8.5%
- 8.5% of gross sales, paid monthly, plus 1% to the brand development fund and $2,000 a month on local advertising
- Brand fund
- 1%
- 1% of gross sales, paid with the royalty
- Agreement length
- 5 years
- Territory
- Limited
- Limited protection
- Franchisor financing
- None offered
Where it is
- US locations, 2021
- 2
- Franchised and company-owned
- Franchised
- 0
- Company-owned
- 2
- Change in 3 years
- 0
- Franchised locations, 2019–2021
From Village East Gifted Franchise Inc’s 2022 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Village East Gifted among all franchises with the same figure.
| Figure | Village East Gifted | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $140,771 | Costs less than 79% of franchises |
| Franchise feePaid once, when you sign | $24,900 | Lower than 88% of franchises |
| RoyaltyShare of sales paid to the franchisor | 8.5% | Higher than 94% of brands with a set rate |
| US locationsFranchised and company-owned | 2 | Fewer than 82% of franchises |
How much a Village East Gifted franchise costs
Opening a basic business costs an estimated $121,438 to $160,103. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are leasehold improvements ($27,000 to $35,000) and initial franchise fee ($24,900). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $24,900 | ||
| Travel and Living Expenses While Training | $6,338 | $13,663 | |
| Real Estate Rent Deposits and Pre-Paid Expenses | $12,000 | $13,040 | |
| Furniture, Fixtures and Décor | $17,500 | $23,500 | |
| Leasehold Improvements | $27,000 | $35,000 | |
| Inventory and Supplies | $1,500 | $2,500 | |
| Grand Opening Advertising | $9,000 | $11,000 | |
| Insurance – 3 Months | $2,700 | $5,000 | |
| Architectural/Engineering | $0 | $4,000 | |
| Signage | $3,000 | ||
| Professional Fees | $750 | $1,500 | |
| Computer System | $10,500 | $12,000 | |
| Permits/Licenses | $250 | $1,000 | |
| Additional Funds – 3 Months | $6,000 | $10,000 | |
| Total | $121,438 | $160,103 | |
Source: Village East Gifted Franchise Inc, 2022 filing, page 17
Village East Gifted franchise fee
The franchise fee is $24,900. You pay it when you sign the franchise agreement.
Source: Village East Gifted Franchise Inc, 2022 filing, page 11
Royalty and ongoing fees
| Royalty | 8.5% of gross sales, paid monthly, plus 1% to the brand development fund and $2,000 a month on local advertising. |
|---|---|
| Brand or marketing fund | 1% of gross sales, paid with the royalty. |
| Local Advertising | $2,000 per month or 1.5% of Gross Sales, whichever is greater |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Village East Gifted Franchise Inc, 2022 filing, page 12
Other fees as filed, from page 12. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Village East Gifted publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: Village East Gifted Franchise Inc, 2022 filing, page 49
How Village East Gifted compares
Of the 32 tutoring franchises on this site, Village East Gifted is the 25th cheapest to open and the 28th largest by number of locations.
| Figure | Village East Gifted | Typical tutoring brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $121K | $85K | $222K |
| Cost to open, high end | $160K | $153K | $477K |
| Franchise fee | $25K | $30K | $40K |
| Royalty | 8.5% | 9.8% | 6% |
| Brand fund | 1% | 2% | 2% |
| US locations | 2 | 27 | 21 |
| Shares earnings figures | Yes | 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 |
|---|---|---|---|---|
| 2019 | 0 (0) | 2 | 0 | 0 |
| 2020 | 0 (0) | 2 | 0 | 0 |
| 2021 | 0 (0) | 2 | 0 | 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: Village East Gifted Franchise Inc, 2022 filing, page 52
Who owns Village East Gifted?
Village East Gifted franchises are sold by Village East Gifted Franchise Inc.
From Village East Gifted Franchise Inc’s 2022 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: Village East Gifted Franchise Inc, 2022 filing, litigation on page 11, bankruptcy on page 11
Village East Gifted filings
The figures on this page come from Village East Gifted Franchise Inc’s 2022 filing, issued April 25, 2022, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2022 filing | April 25, 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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Village East Gifted is also on these lists: education franchises.