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Updated RecentlyFasTracKids vs Goddard Systems Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of FasTracKids vs Goddard Systems including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $48,117 - $203,517 | $697,100 - $863,600 |
| Franchise Fee | $22,000 | $135,000 |
| Royalty Fee | Variable | 7% |
| Advertising Fee | - | 3% |
| Year Founded | 1998 | 1986 |
| Year Franchised | 1998 | 1988 |
| Term Of Agreement | 5 years | 15 years |
| Term Of Agreement | 5 years | 15 years |
| Renewal Fee | $1K | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | No/Yes |
| Start-up Costs | No/Yes | No/Yes |
| Equipment | No/Yes | No/Yes |
| Inventory | No/Yes | No/Yes |
| Receivables | No/Yes | No/Yes |
| Payroll | No/Yes | No/Yes |
Training & Support |
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| Training | - | Think you need education experience to open a Goddard School franchise? Think again. Our team will teach you the skills you need to operate a high-quality preschool. Developed specifically for Goddard School teachers and directors, Goddard Systems University (GSU) provides training for faculty, too. Designed specifically for Goddard School teachers and directors, Goddard Systems University (GSU) provides ongoing training and faculty development. GSU’s exclusive training series coaches teachers in various areas, all of which focus on providing excellent care to children. To help reinforce the training GSU provides, our Quality Assurance (QA) team regularly reviews each School’s procedures and program performance. It also offers guidance on how to continuously improve each School for the benefit of the children and their families. On-The-Job Training: 400 hours Classroom Training: 138 hours Additional Training: IACET training for teachers & directors |
| Support | Newsletter, Meetings, Internet | The beauty of The Goddard School model is that you go into business for yourself, not by yourself. Our team of knowledgeable professionals will assist you with everything from marketing to IT and more. Our leadership team consists of experts who guide The Goddard School Franchise while providing support to franchisees. Dedicated, Experienced, Knowledgeable. The goal of The Goddard School Franchise is to provide franchisees with an extensive support structure to ensure consistency of programs and services for our customers as well as to offer guidance to franchisees as they achieve their personal goals as business owners. Franchise Business Consultants (FBCs) from our Field Operations team regularly visit Schools and check in with franchisees to provide ongoing support. Each FBC is also available via email and phone to assist franchisees. A team of trained experts guides each franchisee through the opening process as well. |
| Marketing | - | Getting word out about your Goddard School franchise is crucial for lead generation and enrollment. Our Marketing, Advertising & PR department develops the marketing and advertising materials to help you create awareness of your School through radio, television, search engine marketing and more. |
| 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) |
20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 25 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | No |
| International Expansion | Yes | Yes |
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 Goddard Systems
Join The Goddard School and become a member of a franchise system that has been defining educational childcare in the United States since 1988.
Goddard Systems, Inc. (GSI), franchisor of The Goddard School and the acknowledged leader in the childcare franchise segment, is awarding franchises to qualified applicants who want to go into business for themselves, not by themselves.
Highlights of a Goddard School franchise include:
*Our on-site owner/director model supports educational excellence and a thriving business. This dual management system allows the director to observe classrooms, mentor teachers and develop a healthy learning environment, while the owner has the flexibility to operate an efficient, thriving business.
*Our daily schedule allows franchisees to enjoy a family-friendly lifestyle. Franchisees are able to operate their businesses while balancing time with their families and friends. Most Goddard Schools are open Monday through Friday, 7 AM to 6 PM (hours of operation vary by location).
* Exceptional training and unparalleled support ensure top performance in Schools. Goddard School franchisees complete a comprehensive two-phase training program prior to School opening and have the opportunity to attend annual franchisee conventions and regional meetings. In addition, franchisees benefit from the extensive support structure that GSI has developed over 25 years in franchising.
*Goddard Quality Assurance (QA) reinforces the highest standards of care and The Goddard School F.L.EX. Learning Program. While every state has a licensing agency that oversees state requirements, Goddard Schools are additionally obligated to fulfill our own extensive QA Review. Goddard QA Representatives make unannounced semi-annual visits to each School to assess compliance with a full range of health and safety policies and procedures, as well as curriculum and program performance. As a result, The Goddard School has earned AdvancED and Middle States accreditation.
*Goddard Systems University (GSU) prepares faculty to follow The Goddard School's high standards. Funded by GSI, GSU supports ongoing director and teacher training through regional, online and on-site classes lead by corporate representatives. GSU training has been approved as an Authorized Provider by the International Association for Continuing Education and Training (IACET).
*Goddard School building design focuses on child safety and efficient operations. The building size provides a manageable environment in addition to two large playgrounds to accommodate age groups separately.
Veteran Incentives $20,000 off franchise fee
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In Franchise Business Reviews' Top 200.
#88 on Franchise 500 for 2020.
#76 on Franchise 500 for 2021.