FasTracKids vs School Answers Franchise Comparison

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

Start-Up Costs and Fees
 
FasTracKids Franchise
School Answers Franchise
Investment $48,117 - $203,517$100,000 - And Up
Franchise Fee $22,000N/A
Royalty Fee Variable-
Advertising Fee --
Year Founded 19982011
Year Franchised 19982013
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee $1K-


Business Experience Requirements
 
FasTracKids Franchise
School Answers Franchise
Experience --

Financing Options
 
FasTracKids Franchise
School Answers Franchise
  In-House/3rd PartyIn-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
 
FasTracKids Franchise
School Answers Franchise
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)

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Expansion Plans
 
FasTracKids Franchise
School Answers Franchise
US Expansion --
Canada Expansion No-
International Expansion 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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About School Answers

School Answers is an all-inclusive, educational services franchise providing student diagnostic testing (IQ testing, age and grade placement), direct academic instruction for all learning levels, and related services (Occupational Therapy, Physical Therapy, Speech and Language Therapy, Counseling, and Social Skills Training). The first School Answers campus is in Colts Neck, New Jersey. School Answers franchise locations are now available. We have partnered with best-in-class providers of educational products and services to offer your customers access to top of the line educational services to improve their child's performance. Our approach to your business will give you a head start in a fast growing and rewarding business. For more information about School Answers, visit SchoolAnswers.com. To learn about available franchise opportunities, click on the website's Franchise Opportunities tab or call 1-855-KID-ANSWERS.