Start-Up Costs and Fees |
||
| Children's Technology Workshop | Discovery Point | |
| Investment | 81000 - 105000 | 405572 - 3443722 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 4.7K-$6.5K/mo. |
| Advertising Fee | 1.8K/mo. | |
| Year Founded | 1997 | 1988 |
| Year Franchised | 2004 | 1990 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Children's Technology Workshop | Discovery Point | |
| Experience | Industry experience General business experience Marketing skills Enthusiasm for technology, engineering, science | |
Financing Options |
||
| Children's Technology Workshop | Discovery Point | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Children's Technology Workshop | Discovery Point | |
| Training | On-The-Job Training: 80 hours Classroom Training: 80 hours Additional Training: At existing center | |
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations | Purchasing Co-ops Meetings/Conventions Grand Opening Online Support Field Operations Site Selection |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| 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) | Number of Employees Required to Run: 35 |
Expansion Plans |
||
| Children's Technology Workshop | Discovery Point | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Children's Technology Workshop | |
| Discovery Point | |
| Franchise Fee | |
| Children's Technology Workshop | |
| Discovery Point | |
| Royalty Fee | |
| Children's Technology Workshop | 6% |
| Discovery Point | 4.7K-$6.5K/mo. |
| Advertising Fee | |
| Children's Technology Workshop | |
| Discovery Point | 1.8K/mo. |
| Year Founded | |
| Children's Technology Workshop | 1997 |
| Discovery Point | 1988 |
| Year Franchised | |
| Children's Technology Workshop | 2004 |
| Discovery Point | 1990 |
| Term Of Agreement | |
| Children's Technology Workshop | 7 years |
| Discovery Point | 20 years |
| Renewal Fee | |
| Children's Technology Workshop | $1K |
| Discovery Point | |
Business Experience Requirements |
|
| Experience | |
| Children's Technology Workshop | Industry experience General business experience Marketing skills Enthusiasm for technology, engineering, science |
| Discovery Point | |
Financing Options |
|
| Franchise Fees | |
| Children's Technology Workshop | No |
| Discovery Point | No |
| Start-up Costs | |
| Children's Technology Workshop | |
| Discovery Point | |
| Equipment | |
| Children's Technology Workshop} | |
| Discovery Point | |
| Inventory | |
| Children's Technology Workshop | |
| Discovery Point | |
| Receivables | |
| Children's Technology Workshop | |
| Discovery Point | |
| Payroll | |
| Children's Technology Workshop | |
| Discovery Point | |
Training & Support |
|
| Training | |
| Children's Technology Workshop | |
| Discovery Point | On-The-Job Training: 80 hours Classroom Training: 80 hours Additional Training: At existing center |
| Support | |
| Children's Technology Workshop | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations |
| Discovery Point | Purchasing Co-ops Meetings/Conventions Grand Opening Online Support Field Operations Site Selection |
| Marketing | |
| Children's Technology Workshop | Co-op advertising, Ad slicks, Regional advertising |
| Discovery Point | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| 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) |
| Discovery Point | Number of Employees Required to Run: 35 |
Expansion Plans |
|
| US Expansion | |
| Children's Technology Workshop | |
| Discovery Point | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Children's Technology Workshop | |
| Discovery Point | |
| International Expansion | |
| Children's Technology Workshop | |
| Discovery Point | |