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Updated RecentlyFasTracKids vs Summit Learning Services Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of FasTracKids vs Summit Learning Services 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 | $32,995 - $46,995 |
| Franchise Fee | $22,000 | $12,995 - $24,995 |
| Royalty Fee | Variable | 14% |
| Advertising Fee | - | - |
| Year Founded | 1998 | 2007 |
| Year Franchised | 1998 | 2009 |
| Term Of Agreement | 5 years | 5 years |
| Term Of Agreement | 5 years | 5 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 | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/Yes | -/- |
| Payroll | No/Yes | -/- |
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) | Franchise can be run from home. 25% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators). |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About FasTracKids
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About Summit Learning Services
Summit Learning Services was established by Jeanee Thompson and Ed Cwieka. Beginning with only 1 understudy, Summit Learning Services developed to 150 understudies in 3 months. The organization gave mentoring administrations at their corporate office and in addition understudy's homes.
In 2008, Summit Learning Services was named "Business Accomplice Of They Year" by Broward County Public Schools. The principal establishment was sold in 2009 and numerous more units are being arranged all through the USA and Canada.
Extent of Services
Utilizing a blend of outsider and restrictive educational modules, Summit is taking in Services mentors understudies from K-12 in perusing, math and science. The organization gives these administrations to understudies in the No Child Left Behind program and also private pay understudies. The organization has a strict arrangement of utilizing just state confirmed instructors as guides.