Start-Up Costs and Fees |
||
| Hooray for Books | Kiddie Academy | |
| Investment | 35000 - 100000 | 345000 - 5605000 |
| Franchise Fee | 0 | |
| Royalty Fee | 7% | |
| Advertising Fee | 2% | |
| Year Founded | 0 | 1981 |
| Year Franchised | 0 | 1992 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Hooray for Books | Kiddie Academy | |
| Experience | A teaching degree is not required, although it is welcomed. Our educational expert has created top-notch lessons that any smart cookie can teach. We do however, require you to have a passion for education, reading, baking, washing dishes, and of course, children! | People and management skills |
Financing Options |
||
| Hooray for Books | Kiddie Academy | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Hooray for Books | Kiddie Academy | |
| Training | There is a comprehensive 5 day training program at our headquarters. As part of your franchise fee you and one other person will receive complete training on all aspects of running a successful Hooray for Books franchise. | Classroom Training: 80 hours Additional Training: Online training |
| Support | When you succeed, so do we. We will offer ongoing support to ensure your success from marketing and advertising to new trainings. | 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 |
||
| Hooray for Books | 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 | |
| Hooray for Books | |
| Kiddie Academy | |
| Franchise Fee | |
| Hooray for Books | |
| Kiddie Academy | |
| Royalty Fee | |
| Hooray for Books | |
| Kiddie Academy | 7% |
| Advertising Fee | |
| Hooray for Books | |
| Kiddie Academy | 2% |
| Year Founded | |
| Hooray for Books | 0 |
| Kiddie Academy | 1981 |
| Year Franchised | |
| Hooray for Books | 0 |
| Kiddie Academy | 1992 |
| Term Of Agreement | |
| Hooray for Books | 10 years |
| Kiddie Academy | 15 years |
| Renewal Fee | |
| Hooray for Books | |
| Kiddie Academy | Varies |
Business Experience Requirements |
|
| Experience | |
| Hooray for Books | A teaching degree is not required, although it is welcomed. Our educational expert has created top-notch lessons that any smart cookie can teach. We do however, require you to have a passion for education, reading, baking, washing dishes, and of course, children! |
| Kiddie Academy | People and management skills |
Financing Options |
|
| Franchise Fees | |
| Hooray for Books | |
| Kiddie Academy | |
| Start-up Costs | |
| Hooray for Books | |
| Kiddie Academy | |
| Equipment | |
| Hooray for Books} | |
| Kiddie Academy | |
| Inventory | |
| Hooray for Books | |
| Kiddie Academy | |
| Receivables | |
| Hooray for Books | |
| Kiddie Academy | |
| Payroll | |
| Hooray for Books | |
| Kiddie Academy | |
Training & Support |
|
| Training | |
| Hooray for Books | There is a comprehensive 5 day training program at our headquarters. As part of your franchise fee you and one other person will receive complete training on all aspects of running a successful Hooray for Books franchise. |
| Kiddie Academy | Classroom Training: 80 hours Additional Training: Online training |
| Support | |
| Hooray for Books | When you succeed, so do we. We will offer ongoing support to ensure your success from marketing and advertising to new trainings. |
| Kiddie Academy | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Hooray for Books | |
| Kiddie Academy | Ad slicks, Regional advertising, Website, Web Advertising |
| Operations | |
| Hooray for Books | |
| 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 | |
| Hooray for Books | |
| 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 | |
| Hooray for Books | |
| Kiddie Academy | |
| International Expansion | |
| Hooray for Books | |
| Kiddie Academy | |