Start-Up Costs and Fees |
||
| Great Minds Tutoring | Kiddie Academy | |
| Investment | 15000 - 999999 | 345000 - 5605000 |
| Franchise Fee | 0 | |
| Royalty Fee | 7-8% | 7% |
| Advertising Fee | 2% | |
| Year Founded | 0 | 1981 |
| Year Franchised | 0 | 1992 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Great Minds Tutoring | Kiddie Academy | |
| Experience | People and management skills | |
Financing Options |
||
| Great Minds Tutoring | Kiddie Academy | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Great Minds Tutoring | Kiddie Academy | |
| Training | Classroom Training: 80 hours Additional Training: Online training | |
| Support | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | |
| Marketing | Ad slicks, Regional advertising, Website, Web Advertising | |
| Operations | 15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Great Minds Tutoring | Kiddie Academy | |
| 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 | |
| Great Minds Tutoring | |
| Kiddie Academy | |
| Franchise Fee | |
| Great Minds Tutoring | |
| Kiddie Academy | |
| Royalty Fee | |
| Great Minds Tutoring | 7-8% |
| Kiddie Academy | 7% |
| Advertising Fee | |
| Great Minds Tutoring | |
| Kiddie Academy | 2% |
| Year Founded | |
| Great Minds Tutoring | 0 |
| Kiddie Academy | 1981 |
| Year Franchised | |
| Great Minds Tutoring | 0 |
| Kiddie Academy | 1992 |
| Term Of Agreement | |
| Great Minds Tutoring | |
| Kiddie Academy | 15 years |
| Renewal Fee | |
| Great Minds Tutoring | |
| Kiddie Academy | Varies |
Business Experience Requirements |
|
| Experience | |
| Great Minds Tutoring | |
| Kiddie Academy | People and management skills |
Financing Options |
|
| Franchise Fees | |
| Great Minds Tutoring | |
| Kiddie Academy | |
| Start-up Costs | |
| Great Minds Tutoring | |
| Kiddie Academy | |
| Equipment | |
| Great Minds Tutoring} | |
| Kiddie Academy | |
| Inventory | |
| Great Minds Tutoring | |
| Kiddie Academy | |
| Receivables | |
| Great Minds Tutoring | |
| Kiddie Academy | |
| Payroll | |
| Great Minds Tutoring | |
| Kiddie Academy | |
Training & Support |
|
| Training | |
| Great Minds Tutoring | |
| Kiddie Academy | Classroom Training: 80 hours Additional Training: Online training |
| Support | |
| Great Minds Tutoring | |
| Kiddie Academy | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Great Minds Tutoring | |
| Kiddie Academy | Ad slicks, Regional advertising, Website, Web Advertising |
| Operations | |
| Great Minds Tutoring | |
| Kiddie Academy | 15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Great Minds Tutoring | |
| Kiddie Academy | 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 | |
| Great Minds Tutoring | |
| Kiddie Academy | |
| International Expansion | |
| Great Minds Tutoring | |
| Kiddie Academy | |