Tutor Doctor Jumps 100 Spots to Earn the 158th Spot on Entrepreneur Magazine’s 2018 Franchise 500

Every year, franchisors across the globe apply to be a part of one of the most coveted industry rankings: Entrepreneur’s Franchise 500. The list—which highlights the year’s top business ownership opportunities—offers insight into the brands that are the ones to beat for the year ahead.

For Tutor Doctor, one of the industry’s fastest growing supplemental education concepts, being included in the top half of the Franchise 500 list is a major milestone. The brand jumped 100 spots over its position last year, marking a year of impressive growth and climbing demand for its services.

Tutor Doctor’s spot on the Franchise 500 also comes as the brand works towards its goal of becoming a household name in countries all over the world, ultimately boosting its visibility and solidifying its position as a concept to beat.

Ranking criteria

Tutor Doctor managed to make this impressive jump in a year that Entrepreneur is saying it was able to release its most comprehensive ranking in almost four decades. That’s because the competition was stiff to earn a spot on 2018’s Franchise 500—for the first time in 25 years, more than 1,000 companies applied to be a part of the list.

The first pillar is costs and fees—Entrepreneur looks at the franchise fee, total investment and royalty fees that come with each business ownership opportunity. The publication also looks at the size and growth of a franchise brand, including its growth rate, closures and open and operating units. Then, Entrepreneur examines the support that comes with every brand submitted for the Franchise 500, including training times, marketing and operational support, franchisor infrastructure, financing availability and litigation.

Another pillar that franchisors are judged on is brand strength, including social media, system size, years in business and years in franchising. Lastly, Entrepreneur takes financial strength and stability into consideration by analyzing a brand’s audited financial statements.

Tutor doctor growth

Given that criteria, it’s easy to see why Tutor Doctor was able to earn such a high ranking. The Toronto-based brand has a strong global presence, and it’s been prioritizing individualized tutoring services in a segment that’s filled with overcrowded classrooms and increasing academic pressure.

Tutor Doctor also boasts about 300 franchisees operating in 500 territories—102 of which were launched in 2017 alone. And given the extensive support system and enhanced technology platform that the brand has in place, its startup costs are reasonable. Franchisees who sign an agreement for a local territory can expect their initial investment to fall between $68,500 and $96,700, with startup costs for a regional territory ranging from $73,500 and $101,700.

• Every part of our franchise system is designed with our local owners in mind.
• Our number one priority as a franchisor is setting them up for success, and it’s not a responsibility that we take lightly.
• That commitment to helping our franchisees reach their full potential as business owners is what opened the door to our Franchise 500 ranking, and it’s what continues to inspire us to improve our system whenever we can.
• We’re looking forward to furthering our expansion efforts and extending our reach in communities worldwide, and we plan on capitalizing on all that our Entrepreneur ranking has to offer.
• said Thompson.