PR Newswire:
Sylvan Learning, Inc., North America’s most recognized provider of supplemental education, announced today its franchise sales grew more than 150 percent in 2008. Despite the challenging economy, Sylvan Learning sold a total of 94 domestic franchise territories in 2008 compared to 37 territories in 2007.
Strong sales are a result of a strategic decision by Sylvan Learning to focus on franchising to local entrepreneurs and business operators who can respond to the particular needs of each community while utilizing the tools, resources and brand equity of the Sylvan name.
“The impressive results of our franchising efforts illustrate the priority families continue to place on supplemental educational services,” said Jeffrey Cohen, president and CEO of Sylvan Learning, Inc. “Coupled with a proven concept that has been refined over 30 years, owning a Sylvan franchise offers personal and professional satisfaction few other occupations can match.”
Building on the sales momentum, there are additional opportunities in hundreds of communities across the U.S. for prospective franchisees to purchase a territory and start their own Sylvan Learning Center. Sylvan also has identified 47 existing company-owned centers in Atlanta, Dallas, Las Vegas, Philadelphia, Salt Lake City, Houston, Washington D.C. and Milwaukee that the company is interested in converting to franchised centers. In those markets, interested franchisees have the potential to generate revenue from these existing centers ranging from $200,000 to $1 million.
Sylvan franchisees benefit from a $40 million advertising and marketing program designed to drive enrollment and conversion. In addition, all franchisees experience an unparalleled training program that prepares them, with or without educational experience, with the tools they need to succeed as business owners.
