Start-Up Costs and Fees |
||
| FasTracKids | Huntington Learning Centers | |
| Investment | 48117 - 203517 | 133458 - 276669 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | Variable | 9.50% |
| Advertising Fee | 2% | |
| Year Founded | 1998 | 1977 |
| Year Franchised | 1998 | 1985 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| FasTracKids | Huntington Learning Centers | |
| Experience | General business experience | |
Financing Options |
||
| FasTracKids | Huntington Learning Centers | |
| Franchise Fees | No | No |
| Start-up Costs | No | Yes |
| Equipment | No | Yes |
| Inventory | No | Yes |
| Receivables | No | Yes |
| Payroll | No | Yes |
Training & Support |
||
| FasTracKids | Huntington Learning Centers | |
| Training | On-The-Job Training: 16 hours Classroom Training: 155 hours Additional Training: At franchisee's location and online | |
| Support | Newsletter, Meetings, Internet | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives |
| 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) | Franchisees required to buy multiple units/master licenses; 35% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| FasTracKids | Huntington Learning Centers | |
| 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 | |
| FasTracKids | |
| Huntington Learning Centers | |
| Franchise Fee | |
| FasTracKids | |
| Huntington Learning Centers | |
| Royalty Fee | |
| FasTracKids | Variable |
| Huntington Learning Centers | 9.50% |
| Advertising Fee | |
| FasTracKids | |
| Huntington Learning Centers | 2% |
| Year Founded | |
| FasTracKids | 1998 |
| Huntington Learning Centers | 1977 |
| Year Franchised | |
| FasTracKids | 1998 |
| Huntington Learning Centers | 1985 |
| Term Of Agreement | |
| FasTracKids | 5 years |
| Huntington Learning Centers | 10 years |
| Renewal Fee | |
| FasTracKids | $1K |
| Huntington Learning Centers | up to $20K |
Business Experience Requirements |
|
| Experience | |
| FasTracKids | |
| Huntington Learning Centers | General business experience |
Financing Options |
|
| Franchise Fees | |
| FasTracKids | No |
| Huntington Learning Centers | No |
| Start-up Costs | |
| FasTracKids | |
| Huntington Learning Centers | |
| Equipment | |
| FasTracKids} | |
| Huntington Learning Centers | |
| Inventory | |
| FasTracKids | |
| Huntington Learning Centers | |
| Receivables | |
| FasTracKids | |
| Huntington Learning Centers | |
| Payroll | |
| FasTracKids | |
| Huntington Learning Centers | |
Training & Support |
|
| Training | |
| FasTracKids | |
| Huntington Learning Centers | On-The-Job Training: 16 hours Classroom Training: 155 hours Additional Training: At franchisee's location and online |
| Support | |
| FasTracKids | Newsletter, Meetings, Internet |
| Huntington Learning Centers | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| FasTracKids | |
| Huntington 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) |
| Huntington Learning Centers | Franchisees required to buy multiple units/master licenses; 35% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| FasTracKids | |
| Huntington Learning Centers | 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 | |
| FasTracKids | |
| Huntington Learning Centers | |
| International Expansion | |
| FasTracKids | |
| Huntington Learning Centers | |