Oradell-based Huntington Learning Center is experiencing a surge in customer demand and franchise development, thanks to its latest digital transformation and increase in publicly funded programs.
During the third quarter of 2021, Huntington saw a 33% increase in new center inquiries, many of which come from existing owners and operators who want to expand into multiunit ownership. 2021 Huntington Learning Center projections predict a 45% increase in annual revenues, which will also surpass the pre-pandemic success seen in 2019.
“There are several factors that we can attribute to the growth spurt Huntington is currently experiencing. Our ongoing digital transformation is creating new revenue streams for franchisees across the United States,” Anne Huntington Sharma, president of Huntington Learning Center, said in a prepared statement.
“Publicly funded programs are another piece that’s opening new opportunities for franchisees to integrate into their communities and school districts. Huntington has been awarded multiple school district tutoring and test prep programs through RFP processes across the country, which has and will continue to positively impact students academically, especially after all the school closures during the pandemic,” she continued.
In 2019, Huntington saw a total of over 2,300 new center inquiries. Since the onset of the pandemic, it received over 3,500 requests for available markets and expansion opportunities.
Bob Scopinich, chief financial officer for Huntington Learning Center, said that, with the added value of publicly funded opportunities and the results of previous academic years coming to light, the company anticipates the need will only continue to grow, and Huntington plans to grow with it to meet the demand.