Start-Up Costs and Fees |
||
| FasTracKids | Sylvan Learning Centers | |
| Investment | 48117 - 203517 | 70270 - 163625 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | Variable | 16% |
| Advertising Fee | ||
| Year Founded | 1998 | 1979 |
| Year Franchised | 1998 | 1980 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| FasTracKids | Sylvan Learning Centers | |
| Experience | Industry experience General business experience Marketing skills Education background preferred but not required | |
Financing Options |
||
| FasTracKids | Sylvan Learning Centers | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| FasTracKids | Sylvan Learning Centers | |
| Training | ||
| Support | Newsletter, Meetings, Internet | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | Co-op advertising, Ad slicks, National media | |
| Operations | 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) | 41% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 4 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| FasTracKids | Sylvan Learning Centers | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion | Canada, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| FasTracKids | |
| Sylvan Learning Centers | |
| Franchise Fee | |
| FasTracKids | |
| Sylvan Learning Centers | |
| Royalty Fee | |
| FasTracKids | Variable |
| Sylvan Learning Centers | 16% |
| Advertising Fee | |
| FasTracKids | |
| Sylvan Learning Centers | |
| Year Founded | |
| FasTracKids | 1998 |
| Sylvan Learning Centers | 1979 |
| Year Franchised | |
| FasTracKids | 1998 |
| Sylvan Learning Centers | 1980 |
| Term Of Agreement | |
| FasTracKids | 5 years |
| Sylvan Learning Centers | 10 years |
| Renewal Fee | |
| FasTracKids | $1K |
| Sylvan Learning Centers | $1K |
Business Experience Requirements |
|
| Experience | |
| FasTracKids | |
| Sylvan Learning Centers | Industry experience General business experience Marketing skills Education background preferred but not required |
Financing Options |
|
| Franchise Fees | |
| FasTracKids | No |
| Sylvan Learning Centers | No |
| Start-up Costs | |
| FasTracKids | |
| Sylvan Learning Centers | |
| Equipment | |
| FasTracKids} | |
| Sylvan Learning Centers | |
| Inventory | |
| FasTracKids | |
| Sylvan Learning Centers | |
| Receivables | |
| FasTracKids | |
| Sylvan Learning Centers | |
| Payroll | |
| FasTracKids | |
| Sylvan Learning Centers | |
Training & Support |
|
| Training | |
| FasTracKids | |
| Sylvan Learning Centers | |
| Support | |
| FasTracKids | Newsletter, Meetings, Internet |
| Sylvan Learning Centers | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | |
| FasTracKids | |
| Sylvan Learning Centers | Co-op advertising, Ad slicks, National media |
| Operations | |
| 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) |
| Sylvan Learning Centers | 41% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 4 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| FasTracKids | |
| Sylvan Learning Centers | |
| Canada Expansion | |
| FasTracKids | |
| Sylvan Learning Centers | |
| International Expansion | |
| FasTracKids | |
| Sylvan Learning Centers | Canada, |