Start-Up Costs and Fees |
||
| Children's Technology Workshop | HipKidz | |
| Investment | 81000 - 105000 | 250000 - 250000 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 7% |
| Advertising Fee | ||
| Year Founded | 1997 | 2006 |
| Year Franchised | 2004 | 2010 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Children's Technology Workshop | HipKidz | |
| Experience | Industry experience General business experience Marketing skills Enthusiasm for technology, engineering, science | |
Financing Options |
||
| Children's Technology Workshop | HipKidz | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Children's Technology Workshop | HipKidz | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | 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) | |
Expansion Plans |
||
| Children's Technology Workshop | HipKidz | |
| US Expansion | ||
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Children's Technology Workshop | |
| HipKidz | |
| Franchise Fee | |
| Children's Technology Workshop | |
| HipKidz | |
| Royalty Fee | |
| Children's Technology Workshop | 6% |
| HipKidz | 7% |
| Advertising Fee | |
| Children's Technology Workshop | |
| HipKidz | |
| Year Founded | |
| Children's Technology Workshop | 1997 |
| HipKidz | 2006 |
| Year Franchised | |
| Children's Technology Workshop | 2004 |
| HipKidz | 2010 |
| Term Of Agreement | |
| Children's Technology Workshop | 7 years |
| HipKidz | |
| Renewal Fee | |
| Children's Technology Workshop | $1K |
| HipKidz | |
Business Experience Requirements |
|
| Experience | |
| Children's Technology Workshop | Industry experience General business experience Marketing skills Enthusiasm for technology, engineering, science |
| HipKidz | |
Financing Options |
|
| Franchise Fees | |
| Children's Technology Workshop | No |
| HipKidz | No |
| Start-up Costs | |
| Children's Technology Workshop | |
| HipKidz | |
| Equipment | |
| Children's Technology Workshop} | |
| HipKidz | |
| Inventory | |
| Children's Technology Workshop | |
| HipKidz | |
| Receivables | |
| Children's Technology Workshop | |
| HipKidz | |
| Payroll | |
| Children's Technology Workshop | |
| HipKidz | |
Training & Support |
|
| Training | |
| Children's Technology Workshop | |
| HipKidz | |
| Support | |
| Children's Technology Workshop | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations |
| HipKidz | |
| Marketing | |
| Children's Technology Workshop | Co-op advertising, Ad slicks, Regional advertising |
| HipKidz | |
| 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) |
| HipKidz | |
Expansion Plans |
|
| US Expansion | |
| Children's Technology Workshop | |
| HipKidz | |
| Canada Expansion | |
| Children's Technology Workshop | |
| HipKidz | 0 |
| International Expansion | |
| Children's Technology Workshop | |
| HipKidz | |