FasTracKids vs The Honors Learning Center Franchise Comparison

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

Start-Up Costs and Fees
 
FasTracKids Franchise
The Honors Learning Center Franchise
Investment $48,117 - $203,517$64,500 - $68,700
Franchise Fee $22,000$25,000
Royalty Fee Variable$2.5K/mo.
Advertising Fee --
Year Founded 19981987
Year Franchised 19981991
Term Of Agreement 5 years10 years
Term Of Agreement 5 years10 years
Renewal Fee $1K-


Business Experience Requirements
 
FasTracKids Franchise
The Honors Learning Center Franchise
Experience -
  • Marketing skills
  • Degree in education
    		•

    Financing Options
     
    FasTracKids Franchise
    The Honors Learning Center Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/YesNo/No
    Start-up Costs No/YesNo/No
    Equipment No/YesNo/No
    Inventory No/YesNo/No
    Receivables No/YesNo/No
    Payroll No/YesNo/No

    Training & Support
     
    FasTracKids Franchise
    The Honors Learning Center Franchise
    Training --
    Support Newsletter, Meetings, InternetNewsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations
    Marketing -Ad slicks
    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)

    		 0% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 10

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

    Expansion Plans
     
    FasTracKids Franchise
    The Honors Learning Center Franchise
    US Expansion -Yes
    Canada Expansion NoNo
    International Expansion YesNo

    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 The Honors Learning Center

    Sharee and Gary Miller started The Honors Learning Center as an individualized academic program. The centers' goal is to improve comprehension skills for each student by one full grade level after 36 hours of instruction. For every year since 1987, Honors students have averaged a gain of two full grade levels.

    Honors franchisees must have current state teaching certification.