High-Demand College Planning Franchise Doubles in Size From Previous Year and Stays on Track for 50 Locations in 2018
2017 has been a landmark year for Class 101, and the college planning franchise has doubled in size from 2016. The rapid growth in franchise locations is an indication of the high demand for quality college planning services and how few services exist outside traditional school systems.
Class 101 held its annual conference at Xavier University in Cincinnati, continuing a tradition of holding the event at a different college each year. The agenda included an overview of new franchise support tools such as a new CRM software system and recognition of our most outstanding franchisees.
Tom Pabin, CEO and Founder of Class 101, shared impressive numbers on day one of the conference, themed “Think Big.” Class 101 students have been awarded nearly $183,000,000 in four-year merit based scholarship money, have attended 300 plus colleges worldwide and are awarded on average an impressive $212,000 in merit based scholarship money.
“This was our largest conference to date and you could really feel the energy and excitement as franchisees from California to the Carolinas celebrated our successes,” Pabin says. “We continue build a strong, supportive culture and it was exciting to see new franchisees benefitting from the wealth of knowledge shared from veteran franchisees. We just opened our 27th location nationwide and we’re taking steps to support that growth so that we can continue to help more and more families save significantly on college. We expect to double in size again next year.”
Class 101 national college planning franchise helps high school students get into better colleges and qualify for higher amounts of scholarships and financial aid. The college application process is complicated and stressful, resulting in students who get very little, or zero, financial aid and who often end up at the wrong school. Class 101 addresses this need by meeting one-on-one with students once a month for hour-long sessions throughout the year, resulting in improved ACT and SAT scores and GPAs. Additionally, our college planning experts guide students as they draft a high-performance resume and powerful essays, visit schools, complete applications ahead of schedule and navigate the scholarship and financial aid processes. The results are phenomenal. Class 101 students apply to 10 schools on average and receive more than $160,000 in scholarships and aid, much more than the average U.S. high school student who applies to a handful of schools and receives about $20,000 in scholarships and aid.
During the conference, it was evident franchisees share a passion for helping young people and that our college planning services are in high demand nationwide. What started as a small business in the suburbs of Lexington, Kentucky, has now doubled in size over the last year, providing college planning services, and peace of mind, for high schoolers and their families from coast to coast.
The first of four California franchises opened earlier this year. Mounir Al Akhal manages Class 101’s new location in Irvine, California.
“We’ve only been open for two months and we already have a significant number of students signed up for our college planning services,” Mo shared at the conference.
Class 101 Staff Expansion and New Software Boost Franchise Support
Class 101 is a national college planning franchise that helps high school students get into better colleges and qualify for higher amounts of scholarships and financial aid. We provide a solution to a common problem facing U.S. families — the college application process is complicated, competitive and stressful, resulting in students who get very little, or in many cases zero, financial aid and who often end up attending a school that is not a good fit. Our franchise is the perfect fit for business minded individuals with a desire to help make a positive impact on the lives of young people.
We are increasing support staff at our Lexington, Kentucky, headquarters, such as newly appointed CFO Bryan Smith, who attended the conference. We are also making improvements in the areas of technical support and franchise branding and marketing. An entire session during the conference was devoted to reviewing our new CRM software, which provides tools such as mobile invoicing, scheduling, sales and royalty reporting, and email campaigns to help franchisees manage and scale their business.
As we expand nationwide, it’s important to establish systemwide brand standards to establish consistency among all franchises and build brand recognition in the communities in which we operate. Several new sales support materials were introduced during the conference, including a tri-fold sales brochure for potential clients and the rollout of individual personalized franchisee website landing pages this fall to help increase franchisee visibility.
Join Class 101 College Planning Franchise
The initial investment to begin a Class 101 franchise is $40,400 and the potential for high revenue starts from day one. Several of our franchisees have surpassed the $100,000 revenue mark in their first or second year. The average gross sales for our top 5 franchises in 2015 was $137,000, according to our most recent FDD.
There’s never been a better time to join Class 101 college planning franchise. We’re enjoying unprecedented nationwide growth and are looking for new franchise owners who are passionate about helping young people find the right school and save money on college tuition.