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Updated RecentlyFasTracKids vs TutorBright Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of FasTracKids vs TutorBright 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 | $30,000 - $47,500 |
| Franchise Fee | $22,000 | $25,000 - $40,000 |
| Royalty Fee | Variable | 7% |
| Advertising Fee | - | 2% |
| Year Founded | 1998 | - |
| Year Franchised | 1998 | - |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | $1K | - |
Business Experience Requirements |
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| Experience | - | We are looking for people who are interested in bettering the lives of children and adding value to their community. Individuals who want to be part of a feel-good business and have the drive to make it successful are great candidates for the TutorBright franchise system. |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/Yes | -/- |
| Payroll | No/Yes | -/- |
Training & Support |
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| Training | - | Training takes place at our corporate headquarters in Toronto, Canada. The training sessions will provide you with in-depth knowledge on how to market TutorBright. Not only will we show you how to create your marketing plan, but we will also teach you how to present TutorBright to parents. Additionally, we will provide you with ongoing training through conference calls, seminars, and internet forums. Our goal is to make you a successful franchisee. That is why our training is comprehensive and ongoing. |
| 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 | Yes |
| International Expansion | Yes | - |
Company Overviews
About FasTracKids
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About TutorBright
TutorBright is the most innovative tutoring service available. Here's how it works: Step 1: Each new student goes through a diagnostic assessment that pinpoints his or her specific academic strengths and weaknesses. Step 2: The student is then given an academic program tailored to his or her specific needs based on the results of the assessment. Step 3: A tutor works through the program with the student in the comfort of their home, helping them overcome their academic skill gaps. Because of our individualized approach, we have helped students reach academic heights they never thought were possible. The gratitude we receive from both parents and students make this a very rewarding experience! How will we help you succeed?TutorBright provides all franchisees with in-depth training and a simple step-by-step formula that works. With over 15 years of experience, we understand this industry very well and are ready to teach you what we know. No previous experience is necessary. We show you how to: *Gain long term clients *Attract corporate partners *Select qualified tutors *Manage the Tutor Bright franchise. At Tutor Bright, we will provide you with the advice and guidance necessary to help make you a successful franchisee. Your success is our success, and together we can raise the grades, confidence and self-esteem of our students.