Computertots vs Fast-teks Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Computertots vs Fast-teks including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Computertots Franchise
Fast-teks Franchise
Investment $47,700 - $66,300$45,000 - $60,000
Franchise Fee $30,000$27,750
Royalty Fee 8%7%
Advertising Fee --
Year Founded 19832003
Year Franchised 19882004
Term Of Agreement 15 years7 years
Term Of Agreement 15 years7 years
Renewal Fee 5% of franchise fee-


Business Experience Requirements
 
Computertots Franchise
Fast-teks Franchise
Experience
  • General business experience
  • Marketing skills
    		• -

    Financing Options
     
    Computertots Franchise
    Fast-teks Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees Yes/NoNo/No
    Start-up Costs No/NoNo/No
    Equipment No/NoNo/No
    Inventory No/NoNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support
     
    Computertots Franchise
    Fast-teks Franchise
    Training --
    Support Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures-
    Marketing National media, Regional advertising-
    Operations Franchise can be run from home.

    International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 6

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    		-

    Expansion Plans
     
    Computertots Franchise
    Fast-teks Franchise
    US Expansion --
    Canada Expansion NoNo
    International Expansion YesNo

    Company Overviews

    About Computertots

    Computertots is now a subsidiary of ComputerExplorers In 1984, personal computers were still considered a luxury, and schools were figuring out how to best use the new technology as a learning tool. Moms Karen Marshall and Mary Rogers saw the teaching potential of computers and began Computertots/Computer Explorers with $1,500, one computer and 10 young students. Franchisees can operate the business using either a manager model or an owner-operated model. A manager employs a staff to assist in the teaching and operation of the business; the owner of an owner-operated model not only teaches classes, but also operates the business.

    In 2003, Computertots/Computer Explorers was acquired by The International Center for Entrepreneurial Development Inc., which also owns Kwik Kopy Printing, Kwik Kopy Business Centers, Franklin's Printing, American Wholesale Thermographers, Copy Club, Women's Health Boutique and Parcel Plus.

    About Fast-teks

    More than ever before, small and medium-sized businesses are seeking a complete IT solution for all their needs. As mobile and web platforms develop and businesses rely more on technology, outsourcing of computer specialists will continue to grow. Fast-teks delivers proactive computer and network maintenance services designed to reduce costs, increase profits and mitigate business risk.
    We are seeking professionals that possess strong management and sales skills. Our franchise owners do not need prior computer-related experience to be successful. In fact, our top producing franchises have come from various industries unrelated to technology. Our owners do not fix or repair computers. Fast-teks franchise owners manage a staff of technicians that travel to and conduct all of our services remotely or at the site of the client.