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Below is an in-depth analysis and side-by-side comparison of FasTracKids vs ABC Tutors 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 | $29,500 - $52,500 |
Franchise Fee | $22,000 | $19,500 |
Royalty Fee | Variable | 6% |
Advertising Fee | - | - |
Year Founded | 1998 | 2004 |
Year Franchised | 1998 | 2005 |
Term Of Agreement | 5 years | 10 years |
Term Of Agreement | 5 years | 10 years |
Renewal Fee | $1K | $1,950 |
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 | Yes/No |
Start-up Costs | No/Yes | No/No |
Equipment | No/Yes | No/No |
Inventory | No/Yes | No/No |
Receivables | No/Yes | No/No |
Payroll | No/Yes | No/No |
Training & Support |
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Training | - | - |
Support | Newsletter, Meetings, Internet | - |
Marketing | - | - |
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) | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | No |
International Expansion | Yes | No |
ABC Tutors In Home Tutoring provides high-quality, private tutoring and
academic coaching for all types of students! Contact us for a free
consultation and choose the right path to academic improvement today...we
can help!