The top-tier education center is now on pace to sign 20 franchise agreements by the end of 2016.
For Best in Class Education Center, a top-of-the-line education enrichment program that builds better teachers and students, exceeding expectations is nothing new. The brand is off to a strong start in 2016. In the first two quarters alone, the brand signed 11 deals for new franchise units, putting it on pace to reach or exceed its goal of signing 20 franchise agreements by the end of the year. Best in Class Education is also on track to open 12 new franchises by the end of 2016.
“The growth that Best in Class has experienced so far this year is exponential, and we’re only accelerating from here,” said Hao Lam, chief executive officer of Best in Class. “While our franchise concept is still young, the interest and buzz surrounding our brand has been picking up speed at a rapid rate. We’re incredibly excited to see this trend continue in the months and years to come.”
Best in Class Education’s success in the first half of 2016 isn’t limited to its strong development efforts. The brand is also welcoming new types of business owners into its ever-growing system. An E-2 Visa candidate, who is granted a U.S. non-immigrant visa to invest in a business and enter the U.S. for managing the day to day operation of that business, joined the Best in Class team for the first time. The brand also helped its tenth franchisee capitalize on its teacher incentive program. The program reduces the brand’s initial franchise fee for each of the first three centers opened by $3,000 and waives royalty fees for the first three months a center is open for both current and former educators. The program was ultimately created to reward those that share Best in Class Education’s values of changing the world by helping one student at a time.
“Our teacher incentive program ultimately enables us to work with local business owners who share our passion for helping students achieve their personal best,” said Sharon Peterson, franchise sales director for Best in Class. “It also eliminates the financial concern that franchisees can feel at the beginning of the investment process, allowing them to hit the ground running. It’s a one of a kind offer that’s a win-win situation for everyone involved.”
It’s that dedication and commitment to helping franchisees succeed that is driving the top-tier education center’s development efforts forward. Once business owners join Best in Class’ system, it’s easy for them to expand their reach. More than 70 percent of Best in Class Education Centers are owned by multi-unit operators. That means current franchisees are already seeing the level of success needed to grow and engage multiple ownership opportunities.
Best in Class’ rapid and strategic growth has also earned it a coveted spot on this year’s “Inc. 5000” list, an annual ranking of the fastest-growing businesses in the United States. Combined with the brand’s strong curriculum and focus on coaching students through supplemental and remedial core education, specifically in the math and English departments, the brand’s growth potential is virtually unlimited.
“There’s no doubt that we have the infrastructure and team in place to take Best in Class Education to the next level. By expanding in our existing markets and entering new communities, we have the opportunity to not only increase our brand awareness and recognition, but also improve the lives of thousands of students and teachers across the country,” said Lam.