Start-Up Costs and Fees |
||
| Children's Technology Workshop | Childrens Lighthouse | |
| Investment | 81000 - 105000 | 440600 - 630000 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 6% | 7% |
| Advertising Fee | ||
| Year Founded | 1997 | 1997 |
| Year Franchised | 2004 | 1999 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Children's Technology Workshop | Childrens Lighthouse | |
| Experience | Industry experience General business experience Marketing skills Enthusiasm for technology, engineering, science | Industry experience General business experience Marketing skills (qualifications important but not required) |
Financing Options |
||
| Children's Technology Workshop | Childrens Lighthouse | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Children's Technology Workshop | Childrens Lighthouse | |
| Training | 4 weeks: 2 weeks of training at the Children's Lighthouse home office, one week of in-school training with seasoned Children's Lighthouse franchise owners and one week of post-opening training in your school. | |
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | Co-op advertising, Ad slicks, Regional advertising |
| Operations | Franchise can be run from home. 20% of all franchisees own more than one unit Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | Franchisees required to buy multiple units/master licenses; 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 25 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| Children's Technology Workshop | Childrens Lighthouse | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion | Canada, Eastern Europe, Mexico, Western Europe, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Children's Technology Workshop | |
| Childrens Lighthouse | |
| Franchise Fee | |
| Children's Technology Workshop | |
| Childrens Lighthouse | |
| Royalty Fee | |
| Children's Technology Workshop | 6% |
| Childrens Lighthouse | 7% |
| Advertising Fee | |
| Children's Technology Workshop | |
| Childrens Lighthouse | |
| Year Founded | |
| Children's Technology Workshop | 1997 |
| Childrens Lighthouse | 1997 |
| Year Franchised | |
| Children's Technology Workshop | 2004 |
| Childrens Lighthouse | 1999 |
| Term Of Agreement | |
| Children's Technology Workshop | 7 years |
| Childrens Lighthouse | 15 years |
| Renewal Fee | |
| Children's Technology Workshop | $1K |
| Childrens Lighthouse | |
Business Experience Requirements |
|
| Experience | |
| Children's Technology Workshop | Industry experience General business experience Marketing skills Enthusiasm for technology, engineering, science |
| Childrens Lighthouse | Industry experience General business experience Marketing skills (qualifications important but not required) |
Financing Options |
|
| Franchise Fees | |
| Children's Technology Workshop | No |
| Childrens Lighthouse | No |
| Start-up Costs | |
| Children's Technology Workshop | |
| Childrens Lighthouse | |
| Equipment | |
| Children's Technology Workshop} | |
| Childrens Lighthouse | |
| Inventory | |
| Children's Technology Workshop | |
| Childrens Lighthouse | |
| Receivables | |
| Children's Technology Workshop | |
| Childrens Lighthouse | |
| Payroll | |
| Children's Technology Workshop | |
| Childrens Lighthouse | |
Training & Support |
|
| Training | |
| Children's Technology Workshop | |
| Childrens Lighthouse | 4 weeks: 2 weeks of training at the Children's Lighthouse home office, one week of in-school training with seasoned Children's Lighthouse franchise owners and one week of post-opening training in your school. |
| Support | |
| Children's Technology Workshop | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations |
| Childrens Lighthouse | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Children's Technology Workshop | Co-op advertising, Ad slicks, Regional advertising |
| Childrens Lighthouse | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Children's Technology Workshop | Franchise can be run from home. 20% of all franchisees own more than one unit Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| Childrens Lighthouse | Franchisees required to buy multiple units/master licenses; 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 25 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Children's Technology Workshop | |
| Childrens Lighthouse | |
| Canada Expansion | |
| Children's Technology Workshop | |
| Childrens Lighthouse | |
| International Expansion | |
| Children's Technology Workshop | |
| Childrens Lighthouse | Canada, Eastern Europe, Mexico, Western Europe, |