Tutor Doctor – the world’s fastest growing provider of one-to-one home-based tuition – has launched a unique scheme to make it easier for ex-military personnel to invest in a franchise. The Franchise 500 company is offering a two-year interest free loan to cover the £29,700 franchise fee for former members of the armed forces who quaify for the scheme.
Rogelio Martinez, VP of International Development said: “Members of the armed forces have many of the qualities we look for in our franchisees such as discipline, leadership and organisation. We have been running a similar scheme for US military personnel for number of years and it has been hugely successful.”
He added: “Tutoring is set to become a $128bn industry by 2020 according to Forbes and in the UK alone the tutoring market is worth £6bn a year (Daily Telegraph). A Tutor Doctor franchise has low overheads as it can be run from a home office. The franchisee does not do any teaching, they simply arrange tuition between students and our network of qualified and vetted tutors. Apart from the franchise fee potential franchisees will need around £10,000 for working capital and start-up costs. The loan for the franchise fee is paid off in monthly instalments over the two years with zero percent interest. The private tutoring market is not only financially rewarding but you have the satisfaction of making a real difference to children’s lives.”
Someone who is already reaping the rewards is Bob Rosedale, a former US Air Force Squadron commander with 26 years service turning young lieutenants into pilots. Bob became a Tutor Doctor franchisee in 2011. Since then he has provided over 10,000 tutoring sessions to 500 families.
Bob said: “The support I have received from head office and other franchise owners has been incredible. Coming out of the military I wondered if I could find a comparable support structure and sense of purpose. I have found it with Tutor Doctor. They made setting up my own business very easy and I have never looked back since starting up.”