|
Below is an in-depth analysis and side-by-side comparison of Kiddie Academy vs Building Kidz School including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $345,000 - $5,605,000 | $148,000 - $380,500 |
Franchise Fee | $135,000 | $50,000 |
Royalty Fee | 7% | 7% |
Advertising Fee | 2% | 1% |
Year Founded | 1981 | 2002 |
Year Franchised | 1992 | 2015 |
Term Of Agreement | 15 years | - |
Term Of Agreement | 15 years | - |
Renewal Fee | Varies | - |
Business Experience Requirements |
||
Experience | People and management skills | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/Yes |
Start-up Costs | No/Yes | -/Yes |
Equipment | No/Yes | -/Yes |
Inventory | No/Yes | -/Yes |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | Classroom Training: 80 hours Additional Training: Online training | On-The-Job Training: 25 hours Classroom Training: 40 hours |
Support | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform |
Marketing | Ad slicks, Regional advertising, Website, Web Advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
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) | Absentee Ownership Allowed Number of Employees Required to Run: 4 |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | No | Yes |
Building Kidz enables you to own a profitable and rewarding business by leveraging our operational excellence and unparalleled curriculum to prepare children for lifelong success while directly benefiting your community. As a Building Kidz Franchisee, you will: