FasTracKids vs Children's Technology Workshop Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of FasTracKids vs Children's Technology Workshop including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
FasTracKids Franchise
Children's Technology Workshop Franchise
Investment $48,117 - $203,517$81,000 - $105,000
Franchise Fee $22,000$25,000
Royalty Fee Variable6%
Advertising Fee --
Year Founded 19981997
Year Franchised 19982004
Term Of Agreement 5 years7 years
Term Of Agreement 5 years7 years
Renewal Fee $1K$1K


Business Experience Requirements

 
FasTracKids Franchise
Children's Technology Workshop Franchise
Experience -
  • Industry experience
  • General business experience
  • Marketing skills
  • Enthusiasm for technology, engineering, science

  • Financing Options

     
    FasTracKids Franchise
    Children's Technology Workshop 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/Yes
    Receivables No/YesNo/No
    Payroll No/YesNo/No

    Training & Support

     
    FasTracKids Franchise
    Children's Technology Workshop Franchise
    Training --
    Support Newsletter, Meetings, InternetNewsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations
    Marketing -Co-op advertising, Ad slicks, 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.

    20% of all franchisees own more than one unit

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


    Expansion Plans

     
    FasTracKids Franchise
    Children's Technology Workshop 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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    About Children's Technology Workshop

    The Children’s Technology Workshop is focused on the development and delivery of hands-on, applied-technology curriculum. We have been designing and testing our programs since 1997. At CTW, we are serious about having fun and take pride in our commitment to developing the finest technology and science-based programs available to children. Our activities are under constant review by our full-time staff of educators, engineers, technologists and enthusiasts. We are confident that you'll agree with our philosophy that computers are more than just a tool for writing and researching. We believe computers and technology can empower all children to explore, invent and be creative using the right applications with the right direction. The Children's Technology Workshop offers a variety of programs, including after school, camp, academic and group workshops. Programs are divided by age and are available in different formats to meet scheduling needs of parents and group facilitators.