|
Below is an in-depth analysis and side-by-side comparison of The Learning Experience vs Summit Learning Services including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $544,419 - $3,586,419 | $32,995 - $46,995 |
Franchise Fee | $60,000 | $12,995 - $24,995 |
Royalty Fee | 7% | 14% |
Advertising Fee | 1% | - |
Year Founded | 1979 | 2007 |
Year Franchised | 2003 | 2009 |
Term Of Agreement | 15 years | 5 years |
Term Of Agreement | 15 years | 5 years |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | $150,000 minimum in liquid capital | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
||
Training | We will teach you everything you need to know to open and operate your center On-The-Job Training: 80 hours Classroom Training: 80 hours | - |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
Operations |
Number of employees needed to run franchised unit: 10 - 20 Absentee ownership of franchise is allowed.
| Franchise can be run from home. 25% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators). |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
The Learning Experience® is the fastest growing child care center operator in the Northeastern United States. Management has been involved in the building of over 2.5 million square feet, representing more than 200 child care centers in 24 states and 4 countries. For a quarter of a century they have enjoyed an impeccable reputation both in child care and franchising and are considered experts in their field. Their forward thinking makes The Learning Experience® one of the most comprehensive franchise systems on the market today.
Through the development of detailed franchisee training, meticulous operational manuals and an unparalleled student curriculum, The Learning Experience® franchise remains on the cutting edge within the child care industry. The demand for quality and excellence in child care is greater than ever before.
Summit Learning Services was established by Jeanee Thompson and Ed Cwieka. Beginning with only 1 understudy, Summit Learning Services developed to 150 understudies in 3 months. The organization gave mentoring administrations at their corporate office and in addition understudy's homes.
In 2008, Summit Learning Services was named "Business Accomplice Of They Year" by Broward County Public Schools. The principal establishment was sold in 2009 and numerous more units are being arranged all through the USA and Canada.
Extent of Services
Utilizing a blend of outsider and restrictive educational modules, Summit is taking in Services mentors understudies from K-12 in perusing, math and science. The organization gives these administrations to understudies in the No Child Left Behind program and also private pay understudies. The organization has a strict arrangement of utilizing just state confirmed instructors as guides.