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January 09, 2014

Canada | Business

Loyalist Group launches franchise program

loyalist-group-logo.gifLoyalist Group, a leading operator of ESL schools across Canada, has announced a new franchise program that aims to increase its global reach.

Loyalist Group Limited is pleased to announce that it has launched a program to licence its best-in-class English-as-a-second-language curriculum for overseas schools.

Under the program, Loyalist will offer its curriculum and grant its own diplomas to franchisees and their students in exchange for a combination of fees and royalty payments. Loyalist expects that franchising will create substantial high-margin revenues by allowing the Company to earn income from overseas students who choose to study in their own countries.

Loyalist is targeting four countries for the launch of the program: Mexico, China, Turkey and South Korea. Setup fees payable by the franchisee to Loyalist range from $0 to $100,000 while royalty rates range from 5-20% of gross revenues (or $50 per student per month).

Loyalist has already signed 5 franchise agreements, and expects to add several more franchise agreements per quarter over the coming years.

Read the full press release from Market Watch.

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