We are actively looking to expand our franchise network to those who are passionate and strong leaders in the industry. Find out more below if you’re a good fit.
Take the Next Step in Franchising
An Ideal Franchise Candidate …
- Business and Operation Management
- IT Support
- IT Training
- Business Ownership
- Fluent in English
- Extensive Local Network
- Understanding of Local Market
- Adaptable, Proactive, and Enthusiastic
- Strong Leadership and Management Abilities
Your Steps to Franchising Checklist
- Complete a Request for Information.
- Join a Development Director for an informative phone chat.
- Conduct local market research.
- Attend a virtual course and/or access our cloud-based systems for a demonstration.
- Visit one of our corporate offices and/or franchisee centers for a Discovery Day.
- Build and submit a business plan.
- Have final meetings at candidate offices.
- Sign franchise agreements and pay the initial franchise fee.
- Attend initial franchise training.
- Launch your New Horizons franchise.
New Horizons franchise owners should have access to financial resources in order to support their information technology franchise through initial opening phases and to overcome obstacles while getting the business up and running.
Franchise owner candidates should have a net worth of at least $500,000 USD.
To be considered, franchise candidates must also have at least $250,000 in liquid assets.
Exact costs and financial needs may vary slightly depending on the area in which the location is opened; a New Horizons Development Director may be able to provide more specific information regarding financial requirements.
Additional Financial Requirements
Initial Franchise Fees
Initial Franchise Fees may be anywhere from $25,000 to $150,000.
Up Front Expenses
In addition to franchise fees, there are many expenses that franchise owners must pay for in order to open a New Horizons location. Rent, real estate fees, security deposits, and taxes on the property where the center will be opened may need to be paid to a landlord or real estate company before setting up the location. Renovations may also need to be made to optimize the location. Exterior signs will need to be purchased from local vendors. Furnishings, equipment, hardware, software, inventory, and supplies will all need to be purchased from local vendors before a franchise location can be opened. Business insurance must also be acquired.
Before opening a New Horizons location, owners and/or designated general managers must attend initial franchise training. It is recommended that franchise owners and any key managers for the new location also attend this training. All living expenses must be paid to attend the courses at the specified location. Living expenses may include airfare, hotel costs, travel expenses, and daily meal expenses.
Ongoing Operational Costs
Once the business becomes operational, there will be ongoing costs like rent, salaries, electricity, taxes, marketing costs, office supplies, etc. These must be paid accordingly each month as in any business. As well, there are certain royalties and fees paid to New Horizons as part of the operational costs:
Royalty: 6% of gross revenue
Marketing Fee: 2% of gross revenue
Intellectual Property and Software Fees
New Horizons, software vendors, and courseware vendors may require both initial payments and monthly fees for using software and courseware for training. These fees will be discussed before initial agreements are made. As new technology and software is introduced, fees may change, so franchise owners should be prepared for periodic fluctuations in monthly expenses.
Questions? Contact Us