Start-Up Costs and Fees |
||
| The Learning Experience | FasTracKids | |
| Investment | 544419 - 3586419 | 48117 - 203517 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 7% | Variable |
| Advertising Fee | 1% | |
| Year Founded | 1979 | 1998 |
| Year Franchised | 2003 | 1998 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Learning Experience | FasTracKids | |
| Experience | $150,000 minimum in liquid capital | |
Financing Options |
||
| The Learning Experience | FasTracKids | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| The Learning Experience | FasTracKids | |
| Training | We will teach you everything you need to know to open and operate your center On-The-Job Training: 80 hours Classroom Training: 80 hours | |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Newsletter, Meetings, Internet |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | |
| Operations | Number of employees needed to run franchised unit: 10 - 20 Absentee ownership of franchise is allowed. | 16% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 2 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| The Learning Experience | FasTracKids | |
| US Expansion | Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Texas, Virginia | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| The Learning Experience | |
| FasTracKids | |
| Franchise Fee | |
| The Learning Experience | |
| FasTracKids | |
| Royalty Fee | |
| The Learning Experience | 7% |
| FasTracKids | Variable |
| Advertising Fee | |
| The Learning Experience | 1% |
| FasTracKids | |
| Year Founded | |
| The Learning Experience | 1979 |
| FasTracKids | 1998 |
| Year Franchised | |
| The Learning Experience | 2003 |
| FasTracKids | 1998 |
| Term Of Agreement | |
| The Learning Experience | 15 years |
| FasTracKids | 5 years |
| Renewal Fee | |
| The Learning Experience | |
| FasTracKids | $1K |
Business Experience Requirements |
|
| Experience | |
| The Learning Experience | $150,000 minimum in liquid capital |
| FasTracKids | |
Financing Options |
|
| Franchise Fees | |
| The Learning Experience | No |
| FasTracKids | No |
| Start-up Costs | |
| The Learning Experience | |
| FasTracKids | |
| Equipment | |
| The Learning Experience} | |
| FasTracKids | |
| Inventory | |
| The Learning Experience | |
| FasTracKids | |
| Receivables | |
| The Learning Experience | |
| FasTracKids | |
| Payroll | |
| The Learning Experience | |
| FasTracKids | |
Training & Support |
|
| Training | |
| The Learning Experience | We will teach you everything you need to know to open and operate your center On-The-Job Training: 80 hours Classroom Training: 80 hours |
| FasTracKids | |
| Support | |
| The Learning Experience | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| FasTracKids | Newsletter, Meetings, Internet |
| Marketing | |
| The Learning Experience | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| FasTracKids | |
| Operations | |
| The Learning Experience | Number of employees needed to run franchised unit: 10 - 20 Absentee ownership of franchise is allowed. |
| FasTracKids | 16% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 2 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| The Learning Experience | Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Texas, Virginia |
| FasTracKids | |
| Canada Expansion | |
| The Learning Experience | |
| FasTracKids | |
| International Expansion | |
| The Learning Experience | |
| FasTracKids | |