What were the total franchise system expenses for Learningrx in 2022?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
owed the Corporation $100,000. During 2022, Management deemed the receivable to be uncollectible. Beginning April 1, 2020, Oikonomos Enterprises, LLC replaced the Partnership as sole owner of the Corporation's parent company.
The following is a schedule of the amounts paid to the Parent company during the years ended September
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, the total franchise system expenses for the year 2022 were $360,968. The FDD also provides a breakdown of other expenses incurred by Learningrx. These include overhead expenses of $163,000, research and development costs of $60,000, sales expenses of $96,000, and technology expenses of $178,000 for the same year.
These figures offer insight into how Learningrx allocates its resources to support its franchise system. Franchise system expenses likely cover costs directly related to supporting franchisees, such as training, operational support, and franchise compliance. Overhead includes administrative and management costs, while research and development indicates investment in improving the Learningrx system and programs. Sales expenses probably relate to franchise development and recruitment efforts, and technology expenses cover software, IT infrastructure, and online platforms used by franchisees.
A prospective Learningrx franchisee can use this information to understand the financial health and resource allocation strategies of the franchisor. By comparing these expenses to the income streams, potential franchisees can assess the efficiency and profitability of the Learningrx franchise system. It's also useful to compare these figures with those of other franchise systems in the education sector to benchmark Learningrx's financial management.
It is important to note that these expenses are specific to the franchisor, Learningrx Franchise Corporation, and do not reflect the operating expenses of individual franchise units. A potential franchisee should carefully review the entire FDD and consult with existing franchisees to gain a comprehensive understanding of the costs associated with running a Learningrx center.