Start-Up Costs and Fees |
||
| Tutor Time | FasTracKids | |
| Investment | 355000 - 2800000 | 48117 - 203517 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | Variable |
| Advertising Fee | ||
| Year Founded | 1988 | 1998 |
| Year Franchised | 1990 | 1998 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Tutor Time | FasTracKids | |
| Experience | General business experience Marketing skills | |
Financing Options |
||
| Tutor Time | FasTracKids | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Tutor Time | FasTracKids | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Newsletter, Meetings, Internet |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | 33% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 - 30 Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) | 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 |
||
| Tutor Time | FasTracKids | |
| US Expansion | ||
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Tutor Time | |
| FasTracKids | |
| Franchise Fee | |
| Tutor Time | |
| FasTracKids | |
| Royalty Fee | |
| Tutor Time | 6% |
| FasTracKids | Variable |
| Advertising Fee | |
| Tutor Time | |
| FasTracKids | |
| Year Founded | |
| Tutor Time | 1988 |
| FasTracKids | 1998 |
| Year Franchised | |
| Tutor Time | 1990 |
| FasTracKids | 1998 |
| Term Of Agreement | |
| Tutor Time | 15 years |
| FasTracKids | 5 years |
| Renewal Fee | |
| Tutor Time | $5K |
| FasTracKids | $1K |
Business Experience Requirements |
|
| Experience | |
| Tutor Time | General business experience Marketing skills |
| FasTracKids | |
Financing Options |
|
| Franchise Fees | |
| Tutor Time | No |
| FasTracKids | No |
| Start-up Costs | |
| Tutor Time | |
| FasTracKids | |
| Equipment | |
| Tutor Time} | |
| FasTracKids | |
| Inventory | |
| Tutor Time | |
| FasTracKids | |
| Receivables | |
| Tutor Time | |
| FasTracKids | |
| Payroll | |
| Tutor Time | |
| FasTracKids | |
Training & Support |
|
| Training | |
| Tutor Time | |
| FasTracKids | |
| Support | |
| Tutor Time | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| FasTracKids | Newsletter, Meetings, Internet |
| Marketing | |
| Tutor Time | Co-op advertising, Ad slicks, National media, Regional advertising |
| FasTracKids | |
| Operations | |
| Tutor Time | 33% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 - 30 Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) |
| 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 | |
| Tutor Time | |
| FasTracKids | |
| Canada Expansion | |
| Tutor Time | 0 |
| FasTracKids | |
| International Expansion | |
| Tutor Time | |
| FasTracKids | |