Start-Up Costs and Fees |
||
| HipKidz | EncouraGym | |
| Investment | 250000 - 250000 | 25600 - 69400 |
| Franchise Fee | 0 | |
| Royalty Fee | 7% | 6% |
| Advertising Fee | ||
| Year Founded | 2006 | 2001 |
| Year Franchised | 2010 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HipKidz | EncouraGym | |
| Experience | General business experience Marketing skills Desire to work with children | |
Financing Options |
||
| HipKidz | EncouraGym | |
| Franchise Fees | Yes | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| HipKidz | EncouraGym | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | Ad slicks | |
| Operations | 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 - 8 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| HipKidz | EncouraGym | |
| US Expansion | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, West Virginia, Wyoming, | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| HipKidz | |
| EncouraGym | |
| Franchise Fee | |
| HipKidz | |
| EncouraGym | |
| Royalty Fee | |
| HipKidz | 7% |
| EncouraGym | 6% |
| Advertising Fee | |
| HipKidz | |
| EncouraGym | |
| Year Founded | |
| HipKidz | 2006 |
| EncouraGym | 2001 |
| Year Franchised | |
| HipKidz | 2010 |
| EncouraGym | 2004 |
| Term Of Agreement | |
| HipKidz | |
| EncouraGym | 5 years |
| Renewal Fee | |
| HipKidz | |
| EncouraGym | 10% of current franchise fee |
Business Experience Requirements |
|
| Experience | |
| HipKidz | |
| EncouraGym | General business experience Marketing skills Desire to work with children |
Financing Options |
|
| Franchise Fees | |
| HipKidz | |
| EncouraGym | |
| Start-up Costs | |
| HipKidz | |
| EncouraGym | |
| Equipment | |
| HipKidz} | |
| EncouraGym | |
| Inventory | |
| HipKidz | |
| EncouraGym | |
| Receivables | |
| HipKidz | |
| EncouraGym | |
| Payroll | |
| HipKidz | |
| EncouraGym | |
Training & Support |
|
| Training | |
| HipKidz | |
| EncouraGym | |
| Support | |
| HipKidz | |
| EncouraGym | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| HipKidz | |
| EncouraGym | Ad slicks |
| Operations | |
| HipKidz | |
| EncouraGym | 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 - 8 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| HipKidz | |
| EncouraGym | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, West Virginia, Wyoming, |
| Canada Expansion | |
| HipKidz | 0 |
| EncouraGym | |
| International Expansion | |
| HipKidz | |
| EncouraGym | |