Start-Up Costs and Fees |
||
| Discovery Point | Children's Technology Workshop | |
| Investment | 405572 - 3443722 | 81000 - 105000 |
| Franchise Fee | 0 | |
| Royalty Fee | 4.7K-$6.5K/mo. | 6% |
| Advertising Fee | 1.8K/mo. | |
| Year Founded | 1988 | 1997 |
| Year Franchised | 1990 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Discovery Point | Children's Technology Workshop | |
| Experience | Industry experience General business experience Marketing skills Enthusiasm for technology, engineering, science | |
Financing Options |
||
| Discovery Point | Children's Technology Workshop | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Discovery Point | Children's Technology Workshop | |
| Training | On-The-Job Training: 80 hours Classroom Training: 80 hours Additional Training: At existing center | |
| Support | Purchasing Co-ops Meetings/Conventions Grand Opening Online Support Field Operations Site Selection | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | Co-op advertising, Ad slicks, Regional advertising |
| Operations | Number of Employees Required to Run: 35 | 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 |
||
| Discovery Point | Children's Technology Workshop | |
| 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 | |
| Discovery Point | |
| Children's Technology Workshop | |
| Franchise Fee | |
| Discovery Point | |
| Children's Technology Workshop | |
| Royalty Fee | |
| Discovery Point | 4.7K-$6.5K/mo. |
| Children's Technology Workshop | 6% |
| Advertising Fee | |
| Discovery Point | 1.8K/mo. |
| Children's Technology Workshop | |
| Year Founded | |
| Discovery Point | 1988 |
| Children's Technology Workshop | 1997 |
| Year Franchised | |
| Discovery Point | 1990 |
| Children's Technology Workshop | 2004 |
| Term Of Agreement | |
| Discovery Point | 20 years |
| Children's Technology Workshop | 7 years |
| Renewal Fee | |
| Discovery Point | |
| Children's Technology Workshop | $1K |
Business Experience Requirements |
|
| Experience | |
| Discovery Point | |
| Children's Technology Workshop | Industry experience General business experience Marketing skills Enthusiasm for technology, engineering, science |
Financing Options |
|
| Franchise Fees | |
| Discovery Point | |
| Children's Technology Workshop | |
| Start-up Costs | |
| Discovery Point | |
| Children's Technology Workshop | |
| Equipment | |
| Discovery Point} | |
| Children's Technology Workshop | |
| Inventory | |
| Discovery Point | |
| Children's Technology Workshop | |
| Receivables | |
| Discovery Point | |
| Children's Technology Workshop | |
| Payroll | |
| Discovery Point | |
| Children's Technology Workshop | |
Training & Support |
|
| Training | |
| Discovery Point | On-The-Job Training: 80 hours Classroom Training: 80 hours Additional Training: At existing center |
| Children's Technology Workshop | |
| Support | |
| Discovery Point | Purchasing Co-ops Meetings/Conventions Grand Opening Online Support Field Operations Site Selection |
| Children's Technology Workshop | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| Discovery Point | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| Children's Technology Workshop | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Discovery Point | Number of Employees Required to Run: 35 |
| 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) |
Expansion Plans |
|
| US Expansion | |
| 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 |
| Children's Technology Workshop | |
| Canada Expansion | |
| Discovery Point | |
| Children's Technology Workshop | |
| International Expansion | |
| Discovery Point | |
| Children's Technology Workshop | |