FasTracKids vs The Mad Science Group Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of FasTracKids vs The Mad Science Group including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
FasTracKids Franchise
The Mad Science Group Franchise
Investment $48,117 - $203,517$74,050 - $110,459
Franchise Fee $22,000$25,000
Royalty Fee Variable8%
Advertising Fee --
Year Founded 19981985
Year Franchised 19981995
Term Of Agreement 5 years25 years
Term Of Agreement 5 years25 years
Renewal Fee $1K-


Business Experience Requirements
 
FasTracKids Franchise
The Mad Science Group Franchise
Experience -
  • Industry experience
  • General business experience
  • Marketing skills
    		•

    Financing Options
     
    FasTracKids Franchise
    The Mad Science Group Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/YesNo/Yes
    Start-up Costs No/YesNo/Yes
    Equipment No/YesNo/Yes
    Inventory No/YesNo/No
    Receivables No/YesNo/No
    Payroll No/YesNo/No

    Training & Support
     
    FasTracKids Franchise
    The Mad Science Group Franchise
    Training --
    Support Newsletter, Meetings, InternetNewsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations
    Marketing -Co-op advertising, Regional advertising
    Operations 16% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 1 - 2

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

    		 Franchise can be run from home.

    5% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 3 - 30

    Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators)

    Expansion Plans
     
    FasTracKids Franchise
    The Mad Science Group Franchise
    US Expansion --
    Canada Expansion NoNo
    International Expansion YesYes

    Company Overviews

    About FasTracKids

    Founded in 1998, FasTracKids International offers an enrichment education system for children ages 3 to 6. The program is a 2-year curriculum covering 12 academic subjects, including astronomy, biology, economics, literature and mathematics.

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    #92 on Franchise Rankings.com

    About The Mad Science Group

    As children, brothers Ariel and Ron Shlien loved to create crazy science experiments. As adults, they realized that kids like fun, cool science. So in 1985 they started Mad Science by hosting 'edu-taining' birthday parties featuring scienctific demonstrations.

    Franchising began in 1995, with initial franchises in Florida and Toronto, and now has franchises worldwide offering educational demonstrations to preschools, in-class and afterschool programs, community centers and scout programs. The company also provides entertainment for birthday parties, special events, camps and more.