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Tutor Time Franchise LLC

A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.

Tutor Time Franchise LLC was established in 1988 and it started franchising in 1990. A franchise agreement takes place when the concerned parties concerned are bound together through certain contractual requirements. This is an arrangement where someone with a plan for a business franchisee sells to another person the rights to use the business's name, sell a product, or provide a service to someone. A franchise agreement will typically indicate the given territory and the franchisee keeps special control over the area protection along with the degree to which the franchisee will be maintained by the franchisor.

Tutor Time Franchise LLC Franchisor is a publicly held company with 80 employees in franchise department. They offer good service which includes child care and learning centers. The total cost or fee structure for investment varies from 382 thousand to 2.7 million dollars with a franchise fees of 110 thousand dollars. Their ongoing royalty fee is of 6 percent with a term of agreement for 15 years which is renewable with a fee of 5 thousand dollars. For their excellent service, they achieved good position and were ranked in the Franchise 500 as 438 in 2006, 409 in 2005, 340 in 2004, and 262 in 2002. They even are America's top global franchises with rank of 196 in 2006 and 183 in 2005.

They operate and franchise education based child care learning academies all through the United States. They have developed wide-ranging operating systems and methodologies which make possible their locations to maintain a high quality and uniform standard across their institution.

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