Start-Up Costs and Fees |
||
| Children's Technology Workshop | Nexgym | |
| Investment | 81000 - 105000 | 213000 - 397000 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 6% |
| Advertising Fee | ||
| Year Founded | 1997 | 2005 |
| Year Franchised | 2004 | 2006 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Children's Technology Workshop | Nexgym | |
| Experience | Industry experience General business experience Marketing skills Enthusiasm for technology, engineering, science | |
Financing Options |
||
| Children's Technology Workshop | Nexgym | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Children's Technology Workshop | Nexgym | |
| Training | * Available at headquarters: 2 weeks * At franchisee's location: 1 week | |
| 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) | * 0% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 10 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| Children's Technology Workshop | Nexgym | |
| 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 | |
| Nexgym | |
| Franchise Fee | |
| Children's Technology Workshop | |
| Nexgym | |
| Royalty Fee | |
| Children's Technology Workshop | 6% |
| Nexgym | 6% |
| Advertising Fee | |
| Children's Technology Workshop | |
| Nexgym | |
| Year Founded | |
| Children's Technology Workshop | 1997 |
| Nexgym | 2005 |
| Year Franchised | |
| Children's Technology Workshop | 2004 |
| Nexgym | 2006 |
| Term Of Agreement | |
| Children's Technology Workshop | 7 years |
| Nexgym | 10 years |
| Renewal Fee | |
| Children's Technology Workshop | $1K |
| Nexgym | 25% of franchise fee |
Business Experience Requirements |
|
| Experience | |
| Children's Technology Workshop | Industry experience General business experience Marketing skills Enthusiasm for technology, engineering, science |
| Nexgym | |
Financing Options |
|
| Franchise Fees | |
| Children's Technology Workshop | No |
| Nexgym | No |
| Start-up Costs | |
| Children's Technology Workshop | |
| Nexgym | |
| Equipment | |
| Children's Technology Workshop} | |
| Nexgym | |
| Inventory | |
| Children's Technology Workshop | |
| Nexgym | |
| Receivables | |
| Children's Technology Workshop | |
| Nexgym | |
| Payroll | |
| Children's Technology Workshop | |
| Nexgym | |
Training & Support |
|
| Training | |
| Children's Technology Workshop | |
| Nexgym | * Available at headquarters: 2 weeks * At franchisee's location: 1 week |
| Support | |
| Children's Technology Workshop | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations |
| Nexgym | |
| Marketing | |
| Children's Technology Workshop | Co-op advertising, Ad slicks, Regional advertising |
| Nexgym | |
| 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) |
| Nexgym | * 0% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 10 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Children's Technology Workshop | |
| Nexgym | 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 | |
| Nexgym | |
| International Expansion | |
| Children's Technology Workshop | |
| Nexgym | |