- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$75K - $130K
- Units as of 2024
-
62 29.2% over 3 years
Class 101 was founded in 1998 by Thomas Pabin. Dissatisfied with working a regular 9-to-5 job as a financial advisor, Pabin decided he wanted to make his work helping others. While working with and guiding youth as a volunteer youth minister, Pabin discovered a severe need for professional college planning services and started Class 101.
Pabin launched the business from his two-bedroom apartment and, through networking and word of mouth, his client base quickly grew. Today, there are over 40 franchises throughout the United States. Class 101 is continuing its search for new franchisees in the search for expansion.
Why You May Want to Start a Class 101 Franchise
Class 101 believes that every high school student should have a positive college experience. This process typically starts with ensuring that their families pay less out of their own pockets for an education. Class 101 offers one-on-one college planning sessions, ACT and SAT preparation classes, seminars, and organized campus visits for high school students.
Teenagers may be less likely to listen to their parents when it comes to advice, including college planning. With Class 101, parents could have the peace of mind knowing they have a support system they can contact at any time, and the teens may see Class 101 as an advisor who's there to help them.
A Class 101 franchise also helps kids improve ACT scores, write college entrance essays, and help teenagers realize standout skills or talents to set them apart from other applicants. The average Class 101 student applies to ten colleges and can receive thousands of dollars in scholarships and financial aid.
What Might Make a Class 101 Franchise a Good Choice?
Many Class 101 franchisees are parents, former educators, admission counselors, or businesspeople. Still, anyone with a passion for helping young people and their families on their paths toward college is welcome. Potential franchisees need to be flexible and willing to work afternoons or evenings to meet with teenagers. They should be articulate, organized, patient, and have strong communication skills. The Class 101 mission is to empower students, serve families, and inspire greatness. This should be completed through one-on-one counseling, events, and programs.
The Class 101 home team is very supportive and available to answer any questions you may have throughout the setup process and as you run your Class 101 franchise. There will likely be several team meetings per month via phone, and franchisees are invited to attend multi-day training sessions at the home office in Lexington, Kentucky.
How To Open a Class 101 Franchise
To be part of the Class 101 team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. However, being a part of the Class 101 family entitles you to a complete business, including marketing materials, updated curriculum, detailed operations manuals, and access to Class 101 podcasts and training videos.
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Class 101 franchising team questions.
Company Overview
About Class 101
Industry | Services (Other) |
---|---|
Related Categories | Miscellaneous Services, Tutoring |
Founded | 1998 |
Parent Company | Unleashed Brands LLC |
Leadership | Carisa Findley, Brand President |
Corporate Address |
2350 Airport Fwy., #505 Bedford, TX 76022 |
Social | Facebook, Twitter, LinkedIn, Instagram |
Business Overview
Franchising Since | 2007 (18 years) |
---|---|
# of employees at HQ | 111 |
Where seeking |
This company is offering new franchises throughout the US. |
# of Units | 62 (as of 2024) |
Line graph showing the number of units this franchise had for the last 5 years. |
Information for Franchisees
Here's what you need to know if you're interested in opening a Class 101 franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$39,900 |
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Initial Investment
|
$75,287 - $130,187 |
Net Worth Requirement
|
$50,000 |
Cash Requirement
|
$50,000 - $100,000 |
Veteran Incentives
|
5% off franchise fee |
Royalty Fee
|
8% |
Ad Royalty Fee
|
6% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Class 101 has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
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Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 12 hours |
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Classroom Training | 22 hours |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit?
|
Yes |
Can this franchise be run part time?
|
No |
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Class 101 landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Class 101 ranked on other franchise lists? Find out below.
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Help Guide Students to College with a Class 101 Franchise
Class 101 offers a unique franchise opportunity in the college planning industry, helping students achieve their goals.