Online learning driving new look Kip McGrath model

http://www.franchise.net.au/inspire/franchisor/online-education-driving-the-new-look-kip-mcgrath

Really insightful article on the history and operations of KME

Couple of key quotes:

“We’ve come off a very low base. We spent nearly every cent we earned. Now investment is going down, and revenue and profit is up.

"The great majority of KMEC franchisees are located overseas with growth expected in all of the major markets.

“There have been lots of really small changes that make big differences. We collect monies – parents pay centrally and it’s automated, so there is less bad debt. Content is all delivered through the cloud.”