Start-Up Costs and Fees |
||
| Kiddie Academy | Great Minds Tutoring | |
| Investment | 345000 - 5605000 | 15000 - 999999 |
| Franchise Fee | 0 | |
| Royalty Fee | 7% | 7-8% |
| Advertising Fee | 2% | |
| Year Founded | 1981 | 0 |
| Year Franchised | 1992 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Kiddie Academy | Great Minds Tutoring | |
| Experience | People and management skills | |
Financing Options |
||
| Kiddie Academy | Great Minds Tutoring | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Kiddie Academy | Great Minds Tutoring | |
| 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 |
||
| Kiddie Academy | Great Minds Tutoring | |
| 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 | |
| Kiddie Academy | |
| Great Minds Tutoring | |
| Franchise Fee | |
| Kiddie Academy | |
| Great Minds Tutoring | |
| Royalty Fee | |
| Kiddie Academy | 7% |
| Great Minds Tutoring | 7-8% |
| Advertising Fee | |
| Kiddie Academy | 2% |
| Great Minds Tutoring | |
| Year Founded | |
| Kiddie Academy | 1981 |
| Great Minds Tutoring | 0 |
| Year Franchised | |
| Kiddie Academy | 1992 |
| Great Minds Tutoring | 0 |
| Term Of Agreement | |
| Kiddie Academy | 15 years |
| Great Minds Tutoring | |
| Renewal Fee | |
| Kiddie Academy | Varies |
| Great Minds Tutoring | |
Business Experience Requirements |
|
| Experience | |
| Kiddie Academy | People and management skills |
| Great Minds Tutoring | |
Financing Options |
|
| Franchise Fees | |
| Kiddie Academy | No |
| Great Minds Tutoring | No |
| Start-up Costs | |
| Kiddie Academy | |
| Great Minds Tutoring | |
| Equipment | |
| Kiddie Academy} | |
| Great Minds Tutoring | |
| Inventory | |
| Kiddie Academy | |
| Great Minds Tutoring | |
| Receivables | |
| Kiddie Academy | |
| Great Minds Tutoring | |
| Payroll | |
| Kiddie Academy | |
| Great Minds Tutoring | |
Training & Support |
|
| Training | |
| Kiddie Academy | Classroom Training: 80 hours Additional Training: Online training |
| Great Minds Tutoring | |
| Support | |
| Kiddie Academy | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Great Minds Tutoring | |
| Marketing | |
| Kiddie Academy | Ad slicks, Regional advertising, Website, Web Advertising |
| Great Minds Tutoring | |
| Operations | |
| 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) |
| Great Minds Tutoring | |
Expansion Plans |
|
| US Expansion | |
| 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 |
| Great Minds Tutoring | |
| Canada Expansion | |
| Kiddie Academy | |
| Great Minds Tutoring | |
| International Expansion | |
| Kiddie Academy | |
| Great Minds Tutoring | |