Last Updated on July 24, 2012 by DeanR
College Assistance Plus Franchise
College Assistance Plus is a franchise for a college assistance service. It was founded by Paul Celuch and Philip James in 2004. Paul and Philip started College Assistance Plus after they had a hard time getting their children through college.
Al Mustrado used to be a client of College Assistance Plus. With his belief in them, he joined the team in 2010 heading the Strategic Partner Development. They have partnerships with banks, wealth management firms, CPA firms, and credit unions. The business is focused on helping customers in finding a college, financing, and helping parents get the best financial package from the college that they choose.
How does College Assistance Plus help parents and students in getting financial aid for college?
Firstly, they help find colleges that would best fit your student. Then, they will analyze and compare the financial aid packages that others received in the past. The student would be positioned in such a way that you can maximize the amount of aid given to you. They will also help you in filing your Free Application for Federal Student Aid (FAFSA). They would even join family discussions to take some emotions out of the process of choosing a college. They will also strategize with you so you can get a financial package that’s best for you. They send newsletters in a bimonthly basis that has all the important dates, grant opportunities, scholarships, and tips from their experts. They provide techniques that have been proven to work when communicating with colleges. They also have the Lunch and Learn opportunity wherein they set-up a seminar just as short as a parents lunch break for them to discuss tips and techniques on how to deal with the hardships of paying for college.
Costs and Requirements Associated with Running a College Assistance Plus Franchise
You need to have a net worth of $50,000 and a total liquid asset of at least $35,000. Expect to be investing about $14,000 to $53,000. Franchise fee ranges from $10,000 to $20,000 with an on-going royalty fee of 30% to 40%. This is for a renewable 5 year term agreement. This business can be run from home and needs only one person to run one location. 10% of current franchisees own more than one unit. They don’t allow absentee ownership.
What’s included in the franchise package?
There will be a comprehensive training for 3 days at the headquarters. Training includes topics such as the services you are providing, how to find a client, and how you will be delivering your services. You will have access to bimonthly newsletters and the internet. You will also be attending meetings. You will receive ongoing support for your clients and have personalized college reports for each student. Your location will be advertised at the main College Assistance Plus website and you will also be given access to prints and online communication materials. There would be ad slicks and regional advertising as well.
Contact Details
You May Reach Them At:
Address: 41 W. Main St., #5 Honeoye Falls, New York 14472
Phone: (585)582-1846